UK GDP at market prices, current prices
UK GDP at market prices, current prices stood at £787,197m in Q2 2026, according to Office for National Statistics (ONS). It is one of the indicators in the Quarterly GDP table (Value · Quarterly), with a complete series running from Q1 1955 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Quarterly GDP table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GDP level and GDP per head | |||||||||||
| GDP at market prices, current prices | 787,197 | 780,925 | 769,751 | 765,378 | 758,572 | 750,893 | 739,982 | 732,809 | 717,844 | 705,040 | |
| GDP per head, constant prices | 10,692 | 10,641 | 10,578 | 10,582 | 10,568 | 10,577 | 10,522 | 10,493 | 10,030 | 9,996 |
Understanding UK GDP at market prices, current prices
Aggregate monetary turnover generated by domestic production across the United Kingdom is recorded in this series at current market prices in £m. Because no deflationary adjustment is applied, every transaction is evaluated at the prices prevailing when the economic activity took place. This measure differs from the chained volume series by reflecting both physical volume changes and price fluctuations, including product taxes less subsidies, making it the direct counterpart for comparing national income against nominal public debt or monetary aggregates.
Data are presented after seasonal adjustment to neutralise recurring intra-annual swings in consumer spending and commercial activity. Users must exercise caution before interpreting increases in this nominal aggregate as an expansion in economic welfare or industrial capacity, as sharp price surges can inflate the total during periods of stagnant volume. It is best evaluated alongside the chained volume series and the implied GDP deflator to disentangle pure output growth from general price level movements across the domestic economy.
Frequently asked questions
- What distinguishes GDP at market prices from gross value added at basic prices?
- Market prices include taxes on products, such as value added tax and fuel duties, and exclude subsidies, whereas basic prices exclude these net product taxes.
- Why is current price GDP preferred for fiscal debt ratios?
- Sovereign debt and tax revenues are denominated in nominal currency, making current price GDP the appropriate denominator for measuring fiscal leverage.
- Are cross-quarter movements in this metric adjusted for regular calendar effects?
- Yes, the series undergoes seasonal adjustment to remove standard calendar and trading-day distortions across the year.