What's a 0.1% increase - £6.79 per person

So we've got economic growth of 0.1% this quarter which means that GDP is 0.1% up this quarter over the last so what does that mean in terms of real increase.

I can only find our GDP in dollars (thanks ONS) so lets take the per capita figure that is the GDP per person in the UK. Using the 2008 estimates this is $43,785 which in today's exchange rates is £27,169.53 that is an annual figure so lets change that to a quarterly figure by dividing by four

GDP per capita per quarter = £6,792.38

and we've seen a 0.1% increase in that figure which equates to a per capita increase of, wait for it £6.79

Now obviously these figures aren't particularly accurate as they're 08 figures and GDP has fallen significantly since then (by 3.2% in fact) but they give you a general idea about how slowly we're coming out of this recession.

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