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UK real GDPUK real GDPUK real GDP

UK real GDP

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Key data points


Last release
—
Observation period
Q3 2024
Next release
—
Forecast
—
Highest
‪639.45 B‬ GBP on Sep 30, 2024
Lowest
‪121.75 B‬ GBP on Mar 31, 1955

About UK real GDP


Category
GDP
Source
Office for National Statistics
Frequency
Quarterly
Units
GBP

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Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter UK real GDP was 639.45 B GBP, and the quarter before that it reached 639.27 B GBP.