A series for the GDP deflator in index form is produced by the Treasury from data provided by the Office for National Statistics (ONS) and the Office for Budget Responsibility (OBR). GDP deflator outturn are based on the ONS Quarterly National Accounts release (at the end of each quarter). However, a more recent version of ONS GDP outturn may be used depending on when the OBR updates its GDP deflator forecasts (usually at Budget and Autumn Statement).
Outturn data covering the years 1955-56 to 2022-23 (1955 to 2023) are based on the Quarterly National Accounts, 28 March 2024.
Forecasts covering periods 2023-24 to 2028-29 (2024 to 2028) are from the OBR as at the Spring Budget 6 March 2024.
GDP deflators for financial years 1955-56 to 2022-23 have been taken directly from ONS series L8GG. GDP deflators for calendar years 1955 to 2023 have been taken from ONS series MNF2. Non-seasonally adjusted money GDP for calendar and financial years are taken from ONS series BKTL. For financial years only, seasonally adjusted money GDP series YBHA has also been included.
The next GDP deflator update will be shortly after the 28 June 2024 Quarterly National Accounts release from the ONS.
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GDP Deflator in the United Kingdom increased to 114.60 points in the second quarter of 2025 from 114.10 points in the first quarter of 2025. This dataset provides the latest reported value for - United Kingdom GDP Deflator - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Graph and download economic data for Gross Domestic Product Deflator for Great Britain (NGDPDSAIXGBQ) from Q1 1955 to Q1 2025 about United Kingdom and GDP.
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Graph and download economic data for National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for United Kingdom (GBRGDPDEFQISMEI) from Q1 1960 to Q3 2023 about implicit price deflator, United Kingdom, and GDP.
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Quarterly growth rates and revisions for UK gross domestic product (GDP) deflator at market prices.
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Key information about UK GDP Deflator Growth
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United Kingdom UK: GDP: Deflator data was reported at 112.170 2010=100 in 2017. This records an increase from the previous number of 110.009 2010=100 for 2016. United Kingdom UK: GDP: Deflator data is updated yearly, averaging 51.708 2010=100 from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 112.170 2010=100 in 2017 and a record low of 5.509 2010=100 in 1960. United Kingdom UK: GDP: Deflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Nominal. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
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Domestic output industry deflators on a monthly, quarterly and annual basis.
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The quarterly movements of growth and contributions to growth of implied UK GDP deflators.
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United Kingdom UK:(GDP) Gross Domestic ProductDeflator: YoY% data was reported at 2.044 % in 2016. This records an increase from the previous number of 0.588 % for 2015. United Kingdom UK:(GDP) Gross Domestic ProductDeflator: YoY% data is updated yearly, averaging 3.494 % from Dec 1949 (Median) to 2016, with 68 observations. The data reached an all-time high of 24.786 % in 1975 and a record low of 0.588 % in 2015. United Kingdom UK:(GDP) Gross Domestic ProductDeflator: YoY% data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Annual.
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United Kingdom UK:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data was reported at 112.108 2010=100 in Sep 2017. This records an increase from the previous number of 111.631 2010=100 for Jun 2017. United Kingdom UK:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data is updated quarterly, averaging 49.205 2010=100 from Mar 1955 (Median) to Sep 2017, with 251 observations. The data reached an all-time high of 112.108 2010=100 in Sep 2017 and a record low of 4.709 2010=100 in Mar 1955. United Kingdom UK:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Quarterly.
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UK: GDP: Deflator: Linked Series data was reported at 112.170 NA in 2017. This records an increase from the previous number of 110.009 NA for 2016. UK: GDP: Deflator: Linked Series data is updated yearly, averaging 84.816 NA from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 112.170 NA in 2017 and a record low of 53.684 NA in 1989. UK: GDP: Deflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Nominal. The GDP implicit deflator is calculated as the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The base year varies by country.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;
A series for the GDP deflator in index form is produced by the Treasury from data provided by the Office for National Statistics (ONS) and the Office for Budget Responsibility (OBR). GDP deflator outturn are based on the ONS Quarterly National Accounts release (at the end of each quarter). However, a more recent version of ONS GDP outturn may be used depending on when the OBR updates its GDP deflator forecasts (usually at Budget and Autumn Statement).
Forecasts covering periods 2024-25 to 2029-30 (2024 to 2029) are from the OBR as at the Autumn Budget 30 October 2024.
Outturn data covering the years 1955-56 to 2023-24 (1955 to 2023) are based on the Quarterly National Accounts, 30 September 2024.
GDP deflators for financial years 1955-56 to 2023-24 have been taken directly from ONS series L8GG. GDP deflators for calendar years 1955 to 2023 have been taken from ONS series MNF2. Non-seasonally adjusted money GDP for calendar and financial years are taken from ONS series BKTL. For financial years only, seasonally adjusted money GDP series YBHA has also been included.
The next GDP deflator update will be after the ONS Quarterly National Accounts release of 23 December 2024.
(CDID: IHYT) Quarter - UK Economic Accounts time series Quarterly estimates of national product, income and expenditure, sector accounts and balance of payments.
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United Kingdom UK: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 1.964 % in 2017. This records a decrease from the previous number of 1.974 % for 2016. United Kingdom UK: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 2.031 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 10.808 % in 1995 and a record low of 0.456 % in 2015. United Kingdom UK: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;
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European Union GDP Deflator: EU 27 excl UK data was reported at 106.491 2015=100 in Dec 2019. This records an increase from the previous number of 104.620 2015=100 for Sep 2019. European Union GDP Deflator: EU 27 excl UK data is updated quarterly, averaging 90.639 2015=100 from Mar 1995 (Median) to Dec 2019, with 100 observations. The data reached an all-time high of 106.491 2015=100 in Dec 2019 and a record low of 70.902 2015=100 in Mar 1995. European Union GDP Deflator: EU 27 excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.A018: ESA 2010: Eurostat: GDP: Deflator: Current Price: 2015=100.
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United Kingdom UK:(GDP) Gross Domestic ProductVolume Index: YoY% data was reported at 1.806 % in 2016. This records a decrease from the previous number of 2.194 % for 2015. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index: YoY% data is updated yearly, averaging 2.569 % from Dec 1949 (Median) to 2016, with 68 observations. The data reached an all-time high of 7.359 % in 1973 and a record low of -4.328 % in 2009. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index: YoY% data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Annual.
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United Kingdom UK:(GDP) Gross Domestic ProductVolume Index data was reported at 112.390 2010=100 in 2016. This records an increase from the previous number of 110.396 2010=100 for 2015. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index data is updated yearly, averaging 51.569 2010=100 from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 112.390 2010=100 in 2016 and a record low of 20.309 2010=100 in 1948. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Annual.
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United Kingdom UK:(GDP) Gross Domestic ProductVolume Index data was reported at 114.531 2010=100 in Jun 2018. This records an increase from the previous number of 114.487 2010=100 for Mar 2018. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index data is updated quarterly, averaging 56.886 2010=100 from Mar 1955 (Median) to Jun 2018, with 254 observations. The data reached an all-time high of 118.990 2010=100 in Dec 2017 and a record low of 24.464 2010=100 in Mar 1955. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Quarterly.
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UK: DG ECFIN Forecast: GDP Deflator: Final Demand data was reported at 139.347 2015=100 in 2026. This records an increase from the previous number of 137.056 2015=100 for 2025. UK: DG ECFIN Forecast: GDP Deflator: Final Demand data is updated yearly, averaging 70.190 2015=100 from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 139.347 2015=100 in 2026 and a record low of 5.799 2015=100 in 1960. UK: DG ECFIN Forecast: GDP Deflator: Final Demand data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s United Kingdom – Table UK.DG ECFIN.AMECO: GDP Deflator: 2015=100: Forecast.
A series for the GDP deflator in index form is produced by the Treasury from data provided by the Office for National Statistics (ONS) and the Office for Budget Responsibility (OBR). GDP deflator outturn are based on the ONS Quarterly National Accounts release (at the end of each quarter). However, a more recent version of ONS GDP outturn may be used depending on when the OBR updates its GDP deflator forecasts (usually at Budget and Autumn Statement).
Outturn data covering the years 1955-56 to 2022-23 (1955 to 2023) are based on the Quarterly National Accounts, 28 March 2024.
Forecasts covering periods 2023-24 to 2028-29 (2024 to 2028) are from the OBR as at the Spring Budget 6 March 2024.
GDP deflators for financial years 1955-56 to 2022-23 have been taken directly from ONS series L8GG. GDP deflators for calendar years 1955 to 2023 have been taken from ONS series MNF2. Non-seasonally adjusted money GDP for calendar and financial years are taken from ONS series BKTL. For financial years only, seasonally adjusted money GDP series YBHA has also been included.
The next GDP deflator update will be shortly after the 28 June 2024 Quarterly National Accounts release from the ONS.