Home > Economic data > UK GDP on Bloomberg and Datastream

UK GDP on Bloomberg and Datastream

On 28 January 2014, the UK Office for National Statistics (ONS) released its Gross Domestic Product: Preliminary Estimate, Q4 2013. The headline figure that appears in the news is the 0.7% increase (Q4 2013 compared with Q3 2013).

While this GDP figure is freely available online from the ONS it is also promptly added to commercial databases including Bloomberg Professional and Thomson Reuters Datastream.

In Bloomberg, type  “UK GDP” in the command line and the predictive search will offer the most requested series or “UK GDP <HELP/F1> will take you straight to the headline figure.

Bloomberg UK real GDP

Bloomberg UK real GDP (click to expand)

UKGRABMI Index – This is the figure just released by the ONS. The general notes clearly explains that this is real GDP (by expenditure) and therefore adjusted for inflation. The corresponding year on year percentage change, and quarter on quarter, can be found from the related indicators tab.

UKGRYBHA Index – This is the nominal GDP (by expenditure) figure, not adjusted for inflation. The corresponding percentage change figures are on the related indicators tab.

UKGRYBGB Index – The GDP deflator (also known as implicit price deflator).

In Datastream, selecting the economics category in the Datastream Navigator and searching for “UK GDP” gives series from the ONS as the top results.

Datastream Navigator - UK GDP (click to expand)

Datastream Navigator – UK GDP (click to expand)

UKGDP…D – GDP AT MARKET PRICES (CVM) – This real GDP figure is the one just released by the ONS: 387691 Millions GBP (£ UK).

UKGDP…B – GROSS DOMESTIC PRODUCT (MARKET PRICES) – This is the ONS nominal GDP figure – the latest value is still Q3 2013

UKGDPIDPE – IPD OF GDP MARKET PRICES – This is the Implicit Price Deflator (IPD)

There are several factors that make searching for GDP figures on Bloomberg and Datastream a little tricky.

There are many potential sources. The main distinction is between national sources, such as the ONS in the UK, and international sources, such as the OECD, IMF, World Bank. International sources may be more appropriate for international studies as they apply a consistent methodology across different countries.

The names can be confusing. The Datastream series UKGDP…D does not use the term “real GDP” in its title. The preferred term to indicate real GDP is “constant prices”, with 2010 = 100 (see screenshot above). For nominal GDP the preferred term is “current prices”.

There are series for different components of GDP, series for different methods of calculating GDP, and series for GDP forecasts as well as the more common GDP historic values.

  1. markgreenwood
    15 April 2014 at 4:37 pm

    Fascinating story of GDP told – book by Diane Coyle soon-to-be University of Manchester professor – University of Manchester news 11 April 2014

  1. 3 July 2015 at 3:39 pm

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