Population Matters

Rising UK population weakens per capita GDP

Rising UK population weakens per capita GDP

Britain has recovered little of the ground lost during the deep recession of 2008-09 once a rising population is taken into account, the Office for National Statistics has said.

Announcing seven alternative ways of measuring economic well-being, the ONS said on Monday that per capita gross domestic product remained well below its peak in 2013.

“Unlike GDP, which has now recovered substantially from the falls in the recent recession, GDP per capita has recovered only a little of the fall seen during the recession,” the UK’s statistical agency said.

It said GDP remained the “central and indispensable” measure of activity in the UK economy but said a “dashboard” of supplementary measures would help assess changes in wellbeing.

Guardian article

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