Gross domestic product is the economic output of Britain. We compare GDP now and in the past
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Britain has officially stuck in its second recession in three years after official figures confirmed GDP unexpectedly shrank by 0.3% between January and March, not the 0.2% contraction first reported.
The key numbers from this second estimate by the Office for National Statistics are that
• UK gross domestic product (GDP) in volume terms decreased by 0.3% in the first quarter of 2012, revised from a previously estimated decline of 0.2%
• Output of the production industries fell by 0.4%, within which manufacturing output was flat
• Output of the service industries rose by 0.1%, while output of the construction industry fell by 4.8%
• Household final consumption expenditure increased by 0.1% in volume terms in the latest quarter
A technical recession is defined as two or more consecutive quarters of economic decline.
The data we have gathered shows percentage change in GDP going back to 1948, we have a spreadsheet to download that shows GDP in cash, ie what it was that year not adjusted for inflation, total inflation-adjusted figures and per capita inflation adjusted figures.
The figures show this recession is now worse than the 1930s – thanks to the National Institute of Economic and Social Research for the data.
As several of our posters below have pointed out, there’s more to life than GDP – but here are the latest GDP figures from the ONS for you to explore.
Download the full data
World government data
Development and aid data
Can you do something with this data?
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