National Statistics

GDP deflators Budget update: March 2015

Published
Download CSV 6.48KB

GDP DEFLATORS AT MARKET PRICES, AND MONEY GDP
Changes to National Accounts and Their Impact on GDP The link below explains how changes to National Accounts methodologies in September 2014 impacted upon a number of Office for
National Statistics (ONS) outputs, including GDP:
http://www.ons.gov.uk/ons/guide-method/method-quality/specific/economy/national-accounts/changes-to-national-accounts/index.html
Outturn data are the latest National Accounts figures from ONS - Last updated 23 December 2014
Forecast data are consistent with OBR Budget data 18 March 2015
Financial year Calendar year
GDP deflator at market prices Money GDP GDP deflator at market prices Money GDP
Financial year 2013-14 = 100 per cent change on previous year Cash £ million Calendar year 2013 = 100 per cent change on previous year Cash £ million
1955-56 4.562 19,686 1955 4.524 19,291
1956-57 4.844 6.17 21,251 1956 4.83 6.77 20,933
1957-58 5.066 4.58 22,575 1957 5.022 3.97 22,180
1958-59 5.185 2.36 23,383 1958 5.203 3.6 23,271
1959-60 5.203 0.35 24,846 1959 5.235 0.63 24,380
1960-61 5.305 1.96 26,593 1960 5.284 0.94 26,156
1961-62 5.472 3.15 27,944 1961 5.464 3.4 27,765
1962-63 5.64 3.07 29,244 1962 5.648 3.36 29,019
1963-64 5.735 1.69 31,720 1963 5.736 1.57 30,914
1964-65 5.988 4.41 34,471 1964 5.926 3.32 33,715
1965-66 6.292 5.07 36,972 1965 6.258 5.6 36,365
1966-67 6.59 4.74 39,298 1966 6.57 4.99 38,777
1967-68 6.761 2.6 41,764 1967 6.752 2.76 40,958
1968-69 7.083 4.77 45,782 1968 7.015 3.9 44,901
1969-70 7.534 6.37 49,507 1969 7.437 6.02 48,525
1970-71 8.251 9.51 56,032 1970 8.123 9.22 54,452
1971-72 8.86 7.38 62,500 1971 8.774 8.02 60,860
1972-73 9.576 8.08 71,193 1972 9.412 7.27 68,055
1973-74 10.366 8.26 79,419 1973 10.209 8.47 78,594
1974-75 12.368 19.32 93,293 1974 11.747 15.07 88,183
1975-76 15.373 24.29 114,642 1975 14.791 25.91 109,274
1976-77 17.426 13.36 134,142 1976 16.996 14.91 129,450
1977-78 19.797 13.6 156,674 1977 19.304 13.58 150,815
1978-79 21.944 10.85 180,802 1978 21.529 11.52 175,162
1979-80 25.602 16.67 218,104 1979 24.574 14.15 207,294
1980-81 30.401 18.75 249,641 1980 29.481 19.97 243,098
1981-82 33.356 9.72 276,166 1981 32.891 11.57 269,084
1982-83 35.607 6.75 301,688 1982 35.304 7.34 294,812
1983-84 37.201 4.48 329,238 1983 37.118 5.14 323,000
1984-85 39.351 5.78 354,498 1984 38.994 5.05 346,948
1985-86 41.739 6.07 389,638 1985 41.378 6.12 381,252
1986-87 43.386 3.95 418,214 1986 43.168 4.33 410,311
1987-88 45.785 5.53 469,834 1987 45.443 5.27 455,965
1988-89 48.819 6.63 525,247 1988 48.14 5.94 511,670
1989-90 52.622 7.79 578,879 1989 52.002 8.02 566,512
1990-91 56.974 8.27 624,024 1990 56.221 8.11 615,675
1991-92 60.318 5.87 657,102 1991 59.905 6.55 647,967
1992-93 61.854 2.55 677,942 1992 61.864 3.27 672,172
1993-94 63.371 2.45 718,845 1993 63.456 2.57 707,734
1994-95 64.121 1.18 754,128 1994 64.231 1.22 745,195
1995-96 65.989 2.91 794,983 1995 65.82 2.48 782,978
1996-97 68.783 4.23 847,895 1996 68.47 4.03 836,190
1997-98 70.008 1.78 890,311 1997 70.167 2.48 878,780
1998-99 71.119 1.59 933,474 1998 71.22 1.5 923,294
1999-00 71.86 1.04 979,291 1999 72.031 1.14 963,196
2000-01 73.51 2.3 1,034,257 2000 73.759 2.4 1,023,512
2001-02 74.625 1.52 1,072,891 2001 74.565 1.09 1,062,262
2002-03 76.589 2.63 1,135,829 2002 76.538 2.65 1,117,171
2003-04 78.148 2.04 1,209,281 2003 78.202 2.17 1,190,525
2004-05 80.612 3.15 1,269,505 2004 80.478 2.91 1,255,191
2005-06 82.864 2.79 1,350,055 2005 82.734 2.8 1,326,660
2006-07 85.111 2.71 1,424,361 2006 84.958 2.69 1,403,726
2007-08 87.601 2.93 1,498,594 2007 87.398 2.87 1,480,956
2008-09 89.8 2.51 1,502,318 2008 89.935 2.9 1,518,675
2009-10 92.122 2.59 1,501,670 2009 91.716 1.98 1,482,144
2010-11 94.671 2.77 1,576,231 2010 94.626 3.17 1,558,365
2011-12 96.366 1.79 1,628,485 2011 96.637 2.13 1,617,677
2012-13 97.921 1.61 1,663,874 2012 98.242 1.66 1,655,384
2013-14 100 2.12 1,731,139 2013 100 1.79 1,713,122
2014-15 (1), (2) - 1.7 1,809,100 2014 (1), (2) - 1.8 1,787,900
2015-16 (1), (2) - 1.4 1,877,700 2015 (1), (2) - 1.6 1,861,100
2016-17 (1), (2) - 1.2 1,943,500 2016 (1), (2) - 1.1 1,926,500
2017-18 (1), (2) - 1.6 2,021,800 2017 (1), (2) - 1.5 2,000,600
2018-19 (1), (2) - 2.1 2,111,100 2018 (1), (2) - 1.9 2,086,700
2019-20 (1), (2) - 2.6 2,217,700 2019 (1), (2) - 2.5 2,190,000
Sources and footnotes:
GDP Deflator: Financial years 1955-56 to 2013-14 taken from ONS series L8GG in Table N.
http://www.ons.gov.uk/ons/rel/naa2/quarterly-national-accounts/q3-2014/rft-data-ref-tables-qna-q3-2014.xls
Calendar years 1955 to 2013 taken from ONS series MNF2 in Table O.
http://www.ons.gov.uk/ons/rel/naa2/quarterly-national-accounts/q3-2014/rft-data-ref-tables-qna-q3-2014.xls
For years 2014-15 to 2019-20 (2014 to 2019): taken from Office for Budgetary Responsibility (OBR) forecasts for GDP deflator increases as of the March 2015 Budget
Cash GDP: For years 1955-56 to 2013-14 (1955 to 2013): ONS data for money GDP (not seasonally adjusted, BKTL)
http://www.ons.gov.uk/ons/rel/naa1-rd/united-kingdom-economic-accounts/q3-2014/tsd-united-kingdom-economic-accounts-q3-2014.html
For years 2014-15 to 2019-20 (2014 to 2019): OBR forecasts for money GDP as of the March 2015 Budget
Footnotes:
1) For years 2014-15 to 2019-20 (2014 to 2019), this presentation only shows percentage changes in line with the March 2015 Budget.
2) For years 2014-15 to 2019-20 (2014 to 2019), money GDP forecasts as shown in the March 2015 Budget rounded to nearest £100 million.
3) 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
4) 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