Real GDP at Constant National Prices for United Kingdom
RGDPNAGBA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,016,695.25
Year-over-Year Change
14.47%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for United Kingdom' is a key indicator of economic growth and performance in the UK. It measures the total inflation-adjusted value of all goods and services produced within the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the total inflation-adjusted output of the United Kingdom's economy, providing a comprehensive view of the country's economic activity and development. It is a widely-used metric by economists, policymakers, and analysts to assess the health and trajectory of the UK economy.
Methodology
The data is calculated by the U.S. Federal Reserve using official UK national accounts data.
Historical Context
Real GDP is a critical input for economic policy decisions and market analysis of the UK.
Key Facts
- Real GDP in the UK reached £2.22 trillion in 2021.
- The UK economy contracted by 9.3% in 2020 due to the COVID-19 pandemic.
- Real GDP per capita in the UK was £33,390 in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for United Kingdom' measures the total inflation-adjusted value of all goods and services produced within the UK economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a critical indicator of the UK's economic performance and growth, providing valuable insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official UK national accounts data.
Q: How is this trend used in economic policy?
A: Real GDP is a key input for economic policy decisions, as it helps assess the overall health and trajectory of the UK economy.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for United Kingdom (RGDPNAGBA666NRUG), retrieved from FRED.