Economy Changes to the presentation of the tables within Blue Book 2017 and Pink Book 2017 Changes within Blue Book 2017 including revised Central Database Identifiers and table splits throughout chapters 1 to 13. National Accounts: Impact on GDP current price and chained volume measure annual and quarterly estimates: 1997 to 2015 The latest article describing changes to National Accounts has been published today. This release includes estimates of the total impact of all the improvements to current price and chained volume measure (CVM or real) gross domestic product (GDP) up to 2015, planned for September 2017. People, population and community Economic Well-being: Jan to Mar 2017 The latest indicators that give us a more rounded and comprehensive basis for assessing changes in economic well-being have been published today. Gross domestic product (GDP) per head in the UK was unchanged (0.0% growth) compared with the previous quarter and increased by 1.3% compared with the same quarter a year ago (Quarter 1 (Jan to Mar) 2016). Net national disposable income (NNDI) per head increased by 4.3% between Quarter 1 2016 and Quarter 1 2017, mainly due to a £6.9 billion increase in the income received from the UK's foreign direct investment from abroad. Despite improvements in both GDP per head and NNDI per head, real household disposable income (RHDI) per head declined by 2.0% in Quarter 1 2017 compared with the same quarter a year ago – the largest decrease since the end of 2011, driven by increasing prices of goods and services. We've launched a new economic well-being dashboard alongside our bulletin, to highlight the different indicators that can be used to assess the health of an economy. Beyond GDP: Measuring the economic well-being of individuals We know GDP is limited as a measure of welfare. Read about how our new economic well-being dashboard can address this in our latest blogpost. |
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