Historical Year Data · 2022
UK Real GDP in 2022
UK Real GDP opened 2022 at 682,527 and closed at 688,817, a +0.92% move for the year. The high of 688,817 was reached on October 1, and the low of 682,527 on January 1.
Open
682,527
2022-01
Close
688,817
4 data points
High
688,817
Oct 1
Low
682,527
Jan 1
Full Year Change
+0.92%
2021 Change
+10.29%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 682,527 | 682,527 | 682,527 | 682,527 | +0.00% |
| Apr | 686,335 | 686,335 | 686,335 | 686,335 | +0.00% |
| Jul | 687,029 | 687,029 | 687,029 | 687,029 | +0.00% |
| Oct | 688,817 | 688,817 | 688,817 | 688,817 | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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