Gross domestic product
Show further information on definitions and data sources
GDP is a measure of all the activity in the UK economy in a particular period.
Real data is adjusted for inflation; nominal data is not.
This article by the ONS's
chief economist provides a brief explanation. The
ONS website
has further details. Data is published on a quarterly basis in the following releases.
The annual Blue Book
publication of national accounts in late July provides a further estimate of annual data.
Quarterly data from the latest GDP publication is shown below.
More timely data for sectors of the economy, including monthly estimates, can be found in
Index of Production
and
Index of Services
releases.
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Labour market
Show further information on definitions and data sources
The number of people unemployed and unemployment rate are derived from the Labour Force Survey
rather than from the Jobseeker's Allowance claimant count.
To count as unemployed, people have to say they are not working,
are available for work and have either looked for work in the past
four weeks or are waiting to start a new job they have already obtained.
The unemployment rate is calculated as a proportion of the economically active
population (those in employment plus those who are unemployed).
The employment rate is the proportion of the total population in a
given age range who are in employment. The economic inactivity rate is also
calculated as a proportion of the total population in an age range.
This article
by Caron Walker of ONS provides a brief explanation of unemployment data.
A five-minute explanatory video and detailed guidance
are available on the ONS website.
The data is published by ONS
on a Wednesday around the middle of each month. The page for the latest
release includes several links to data, including regional data. The
Labour Market Statistics Dataset link allows you to download
time-series data for variables of your choice.
The Excel-format reference tables provide unrounded data and a greater
choice of variables, but the layout of the data can be awkward to work with
for some tasks.
Unemployment
Employment
Economic inactivity
Claimant count
Weekly earnings
This data is in current prices (not adjusted for inflation).
Retail sales index
The three charts below are in volume terms (that is, adjusted for inflation).
Balance of payments and trade
Data is published in the Balance of Payments
and UK Trade releases.
The Balance of Payments dataset includes trade data for the period since 1955.