United Kingdom (UK, Great Britain or the British Isles) Output Gap, Percent of Potential GDP Statistics

14, Nov 2019, EST.

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Country or Region: United Kingdom (UK, Great Britain or the British Isles) › Change country
Economic Indicator: Output Gap, Percent of Potential GDP › See all United Kingdom indicators, › See Output Gap, Percent of Potential GDP data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: United Kingdom Pound (Sterling)
Currency Symbol: GBP

Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty. See notes for: Gross domestic product, constant prices (National currency).

Output Gap, Percent of Potential GDP Statistics for United Kingdom (UK, Great Britain or the British Isles), Year 2015 - In Detail

Output Gap, Percent of Potential GDP for United Kingdom in year 2015 is -0.269 %. Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty.

This makes United Kingdom No. 4 in world rankings according to Output Gap, Percent of Potential GDP in year 2015. The world's average Output Gap, Percent of Potential GDP value is -0.23 %; United Kingdom is 0.04 less than the average.

In the previous year, 2014, Output Gap, Percent of Potential GDP for United Kingdom was -0.66 % Output Gap, Percent of Potential GDP for United Kingdom in 2015 was or will be 59.30% less than it was or will be in 2014.

In the following or forecasted year, 2016, Output Gap, Percent of Potential GDP for United Kingdom was or will be -0.22 %, which is 19.70% less than the 2015 figure.

* Source: IMF
Output Gap, Percent of Potential GDP for United Kingdom, in other Years
Year %
  2021 0.013
  2020 -0.05
  2019 -0.009
  2018 0.016
  2017 0.026
  2016 -0.216
2015 -0.269
  2014 -0.661
  2013 -1.698
  2012 -2.297
  2011 -2.007
  2010 -2.532
  2009 -3.068
  2008 0.696
  2007 2.617
  2006 2.103
  2005 1.531
  2004 0.989
  2003 0.92
  2002 0.433
  2001 0.552
  2000 0.673
  1999 0.06
  1998 -0.187
  1997 -0.609
  1996 -1.007
  1995 -1.167
  1994 -1.29
  1993 -2.592
  1992 -3.177
  1991 -2.01
  1990 0.709
  1989 4.729
  1988 4.857
  1987 1.86
  1986 -0.7
  1985 -0.982
  1984 -2.265
  1983 -1.907
  1982 -3.633
  1981 -3.513
  1980 -0.69