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The UK, Germany and France: GDP over history

The Chancellor said recently that he expected that by 2030 the UK would be a bigger economy than Germany. If so, that would be the first time since the 1950s, as this chart above shows.

And here’s the same chart, in terms of GDP per capita (eg adjusted for population):

And finally, for some perspective, here is the same chart – GDP per capita – for the UK, the US and China (y axis is $ in 1990 prices):

All charts courtesy of the amazing Maddison project.

5 thoughts on “The UK, Germany and France: GDP over history”

  1. I am concerned that comparison of GDP figures can be very misleading. For instance, in the UK and US our post-1945 asset price inflation (usually private housing in one way or another) can distort our GDP relative to other countries for whom this is not such a meaningful part of the economy. Are these figures adjusted for the “imputed rent” effects of housing inflation, for instance, and also the effects of credit expansion due to equity withdrawal?

  2. Dont know where you get the data. But I’ve seen data’s from IMF and World Bank and the United Kingdom have consistently over the past few decades had lower GDP Per Capita then both France and Germany. Instead only recently they started taking over France, but still less then Germany.

  3. who cares frankly if we’re a bigger economy than Germany? What value does that have? Bragging? China has a larger economy than the UK does now. However, which country is more peaceful? has better living standards? better education? More human/civil rights? Better education and healthcare? What then is the value of GDP in this case?

    This fixation on economic size makes little to no sense……and is an improper use of GDP as a metric.

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