National Statistics

GDP deflators at market prices, and money GDP: March 2019 (Spring Statement)

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GDP DEFLATORS AT MARKET PRICES, AND MONEY GDP
Outturn data are as at the First Quarterly Estimate of GDP from ONS - last updated 11 February 2019.
Forecast data are consistent with OBR Spring Statement 2019 EFO data as at 13 March 2019
Financial year Calendar year
GDP deflator at market prices Money GDP (3), (4) GDP deflator at market prices Money GDP (3)
Financial year 2017-18 = 100 per cent change on previous year Cash £ million Non-Season-ally Adjusted Cash £ million Seasonally Adjusted Calendar year 2018 = 100 per cent change on previous year Cash £ million Non-Seasonally Adjusted
1955-56 4.262 19,816 19,830 1955 4.146 19,416
1956-57 4.532 6.32 21,412 21,386 1956 4.432 6.89 21,087
1957-58 4.743 4.67 22,771 22,788 1957 4.613 4.07 22,365
1958-59 4.863 2.51 23,621 23,593 1958 4.786 3.75 23,500
1959-60 4.886 0.48 25,132 25,184 1959 4.822 0.77 24,654
1960-61 4.987 2.07 26,922 26,942 1960 4.873 1.05 26,476
1961-62 5.152 3.32 28,346 28,374 1961 5.045 3.53 28,142
1962-63 5.314 3.14 29,682 29,699 1962 5.223 3.53 29,460
1963-64 5.397 1.57 32,137 32,095 1963 5.295 1.37 31,324
1964-65 5.653 4.73 35,047 35,114 1964 5.484 3.57 34,237
1965-66 5.953 5.3 37,662 37,617 1965 5.808 5.92 37,036
1966-67 6.251 5.01 40,140 40,135 1966 6.11 5.2 39,573
1967-68 6.425 2.79 42,739 42,848 1967 6.294 3.01 41,901
1968-69 6.753 5.1 46,959 46,979 1968 6.554 4.13 46,008
1969-70 7.207 6.73 50,971 51,027 1969 6.976 6.44 49,909
1970-71 7.92 9.89 57,859 57,946 1970 7.643 9.56 56,177
1971-72 8.517 7.54 64,651 64,551 1971 8.276 8.29 62,948
1972-73 9.244 8.54 74,012 74,118 1972 8.906 7.61 70,663
1973-74 10.06 8.83 82,965 82,985 1973 9.697 8.88 81,895
1974-75 12.088 20.16 98,243 98,415 1974 11.255 16.07 92,743
1975-76 15.047 24.47 120,905 120,793 1975 14.192 26.1 115,176
1976-77 17.142 13.92 142,000 142,503 1976 16.388 15.47 136,949
1977-78 19.501 13.77 165,996 165,797 1977 18.659 13.86 159,701
1978-79 21.685 11.2 192,181 192,299 1978 20.849 11.74 185,968
1979-80 25.345 16.88 232,495 232,519 1979 23.867 14.47 220,845
1980-81 30.202 19.16 267,471 267,777 1980 28.699 20.25 259,962
1981-82 33.375 10.51 297,954 297,398 1981 32.232 12.31 289,899
1982-83 35.807 7.29 327,120 327,387 1982 34.792 7.94 319,210
1983-84 37.51 4.75 357,828 357,041 1983 36.718 5.54 351,109
1984-85 39.625 5.64 385,681 384,907 1984 38.608 5.15 377,577
1985-86 41.801 5.49 423,462 424,075 1985 40.657 5.31 414,329
1986-87 43.531 4.14 455,085 455,821 1986 42.474 4.47 446,413
1987-88 45.965 5.59 510,371 510,593 1987 44.766 5.4 495,534
1988-89 48.944 6.48 569,310 570,202 1988 47.401 5.89 554,896
1989-90 52.714 7.7 627,117 626,826 1989 51.095 7.79 613,381
1990-91 57.034 8.19 676,943 678,559 1990 55.198 8.03 667,435
1991-92 60.31 5.74 712,877 711,492 1991 58.835 6.59 703,728
1992-93 61.836 2.53 734,387 736,200 1992 60.635 3.06 727,965
1993-94 63.34 2.43 778,018 775,578 1993 62.262 2.68 766,408
1994-95 64.106 1.21 815,769 815,425 1994 63.057 1.28 806,420
1995-96 66.075 3.07 859,841 859,753 1995 64.606 2.46 846,536
1996-97 68.402 3.52 916,578 915,611 1996 67.244 4.08 903,432
1997-98 68.854 0.66 959,331 959,532 1997 67.726 0.72 948,953
1998-99 69.743 1.29 1,003,372 1,004,504 1998 68.454 1.07 991,238
1999-00 70.009 0.38 1,045,091 1,042,993 1999 69.001 0.8 1,031,158
2000-01 71.588 2.25 1,099,246 1,098,678 2000 70.457 2.11 1,089,341
2001-02 72.305 1 1,141,377 1,141,412 2001 71.033 0.82 1,129,443
2002-03 74.098 2.48 1,200,616 1,200,595 2002 72.58 2.18 1,182,956
2003-04 75.636 2.08 1,268,445 1,267,512 2003 74.326 2.41 1,251,847
2004-05 77.674 2.69 1,327,919 1,326,989 2004 76.163 2.47 1,312,854
2005-06 79.71 2.62 1,412,939 1,412,673 2005 78.101 2.54 1,388,753
2006-07 82.079 2.97 1,487,530 1,482,862 2006 80.397 2.94 1,465,902
2007-08 84.113 2.48 1,558,747 1,562,650 2007 82.438 2.54 1,541,442
2008-09 86.396 2.71 1,563,555 1,563,625 2008 84.8 2.86 1,579,796
2009-10 87.62 1.42 1,547,137 1,545,491 2009 86.161 1.6 1,537,213
2010-11 89.25 1.86 1,606,602 1,607,470 2010 87.48 1.53 1,587,466
2011-12 90.423 1.31 1,650,370 1,650,902 2011 89.16 1.92 1,644,546
2012-13 92.244 2.01 1,710,685 1,709,904 2012 90.55 1.56 1,694,417
2013-14 93.936 1.83 1,781,350 1,782,241 2013 92.239 1.87 1,761,347
2014-15 95.143 1.28 1,855,049 1,857,707 2014 93.821 1.72 1,844,295
2015-16 95.904 0.8 1,912,472 1,913,870 2015 94.229 0.44 1,895,839
2016-17 98.088 2.28 1,989,398 1,991,226 2016 96.168 2.06 1,969,524
2017-18 100 1.95 2,066,856 2,064,363 2017 98.289 2.21 2,049,629
2018-19 (1), (2) - 1.78 2,130,611 2,131,665 2018 100 1.74 2,114,627
2019-20 (1), (2) - 2 2,199,839 2,199,987 2019 (1), (2) - 1.98 2,182,436
2020-21 (1), (2) - 1.84 2,274,802 2,274,314 2020 (1), (2) - 1.84 2,254,754
2021-22 (1), (2) - 1.94 2,355,228 2,355,501 2021 (1), (2) - 1.92 2,334,801
2022-23 (1), (2) - 1.95 2,439,946 2,439,921 2022 (1), (2) - 1.95 2,418,509
2023-24 (1), (2) - 2 2,528,665 2,528,573 2023 (1), (2) - 1.99 2,505,889
Sources and footnotes:
GDP Deflator: Financial years 1955-56 to 2017-18 taken from ONS series L8GG in data tables: Table N.
https://www.ons.gov.uk/file?uri=/economy/grossdomesticproductgdp/datasets/uksecondestimateofgdpdatatables/quarter4octtodec2018firstestimate/firstquarterlyestimateofgdpdatatables.xls
Calendar years 1955 to 2018 taken from ONS series MNF2 in data tables: Table O.
https://www.ons.gov.uk/file?uri=/economy/grossdomesticproductgdp/datasets/uksecondestimateofgdpdatatables/quarter4octtodec2018firstestimate/firstquarterlyestimateofgdpdatatables.xls
For years 2018-19 to 2023-24 (2019 to 2023): taken from the Office for Budgetary Responsibility (OBR) forecasts for GDP deflator increases as of March 2019 Economy supplementary tables.
https://obr.uk/efo/economic-fiscal-outlook-march-2019/
Money GDP: For years 1955-56 to 2017-18 (1955 to 2018): ONS data for money GDP not seasonally adjusted series BKTL in data tables: Table N.
https://www.ons.gov.uk/file?uri=/economy/grossdomesticproductgdp/datasets/uksecondestimateofgdpdatatables/quarter4octtodec2018firstestimate/firstquarterlyestimateofgdpdatatables.xls
For years 1955-56 to 2017-18: ONS data for money GDP seasonally adjusted series YBHA in data tables: Table N.
https://www.ons.gov.uk/file?uri=/economy/grossdomesticproductgdp/datasets/uksecondestimateofgdpdatatables/quarter4octtodec2018firstestimate/firstquarterlyestimateofgdpdatatables.xls
For years 2018-19 to 2023-24 (2019 to 2023): taken from the Office for Budgetary Responsibility (OBR) forecasts for GDP deflator increases as of March 2019 Economy supplementary tables.
https://obr.uk/efo/economic-fiscal-outlook-march-2019/
Footnotes:
1) For years 2018-19 to 2023-24 (2019 to 2023), this presentation only shows percentage changes in line with OBR data as of the Spring Statement 2019.
2) For years 2018-19 to 2023-24 (2019 to 2023), money GDP forecasts from the OBR as of the Spring Statement 2019.
3) Non-Seasonally adjusted money GDP (BKTL) from 1955-56 to 2017-18 (1955 to 2018) consistent with ONS First Quarterly Estimate of GDP release of 11 February 2019.
4) Seasonally adjusted money GDP (YBHA) from 1955-56 to 2017-18 consistent with ONS First Quarterly Estimate of GDP release of 11 February 2019.
5) For further information and the 'User's Guide' to these series, please visit the following page on the GOV.UK website at:
https://www.gov.uk/government/publications/gross-domestic-product-gdp-deflators-user-guide
6) For practical examples of how to use the GDP deflator series, please visit the following page on the GOV.UK website at:
https://www.gov.uk/government/publications/how-to-use-the-gdp-deflator-series-practical-examples