Historical Year Data · 1974

UK Real GDP in 1974

UK Real GDP opened 1974 at 256,670 and closed at 258,066, a +0.54% move for the year. The high of 261,890 was reached on July 1, and the low of 256,670 on January 1.

Open

256,670

1974-01

258,066

4 data points

High

261,890

Jul 1

Low

256,670

Jan 1

Full Year Change

+0.54%

1973 Change

-1.13%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	256,670	256,670	256,670	256,670	+0.00%
Apr	260,347	260,347	260,347	260,347	+0.00%
Jul	261,890	261,890	261,890	261,890	+0.00%
Oct	258,066	258,066	258,066	258,066	+0.00%

Events During 1974

1973 OPEC Oil Embargo

Stagflation

October 1973 – March 1974

OPEC quadrupled oil prices and embargoed shipments to the United States in response to US support for Israel in the Yom Kippur War. The shock launched a decade of stagflation.

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