UK ordinary share returns
The graph below shows an index of the accumulated real return on UK ordinary shares at the end
of each quarter from 1919 to 2004. The share indices used are those described under Dividend yields. The accumulated money return allows for net dividend income and for changes in the capital value of shares. The real return is obtained by dividing by the price index.
The table beneath is based on dividends received by pension funds (including reclaimed ACT up to June 1997) and gives the percentage returns on ordinary share investment over periods of 1, 5, 10 and 20 years, ending in December each year from 1984 to 2004. On the left are shown percentage rates of nominal return, and on the right are shown percentage rates of real return, relative to retail prices.
|
Nominal return per cent per year |
Real return per cent per year
(relative to retail prices) |
Year |
Over
past
year |
Over
past 5
years |
Over
past 10
years |
Over
past 20
years |
Over
past
year |
Over
past 5
years |
Over
past 10
years |
Over
past 20
years |
|
| 1984 |
32.51 |
27.95 |
32.02 |
15.47 |
26.71 |
18.03 |
18.03 |
5.32 |
| 1985 |
20.69 |
25.00 |
22.65 |
15.86 |
14.19 |
17.29 |
11.49 |
5.62 |
|
| 1986 |
27.58 |
27.87 |
25.35 |
17.54 |
23.01 |
21.85 |
15.13 |
7.14 |
| 1987 |
8.12 |
23.35 |
21.34 |
16.22 |
4.27 |
17.93 |
12.33 |
5.88 |
| 1988 |
11.53 |
19.73 |
21.63 |
14.58 |
4.46 |
14.15 |
12.77 |
4.34 |
| 1989 |
36.09 |
20.37 |
24.10 |
17.07 |
26.36 |
14.09 |
16.04 |
6.46 |
| 1990 |
-9.72 |
13.58 |
19.15 |
16.67 |
-17.43 |
6.92 |
11.99 |
6.03 |
|
| 1991 |
20.80 |
12.35 |
19.86 |
15.52 |
15.63 |
5.61 |
13.44 |
5.20 |
| 1992 |
20.49 |
14.81 |
19.00 |
15.71 |
17.46 |
8.16 |
12.94 |
5.63 |
| 1993 |
28.39 |
18.09 |
18.90 |
19.15 |
25.95 |
12.28 |
13.21 |
9.22 |
| 1994 |
-5.85 |
9.70 |
14.91 |
23.17 |
-8.49 |
5.27 |
9.59 |
13.73 |
| 1995 |
23.85 |
16.86 |
15.21 |
18.87 |
19.99 |
13.44 |
10.13 |
10.81 |
|
| 1996 |
16.70 |
16.05 |
14.18 |
19.63 |
13.91 |
13.10 |
9.29 |
12.17 |
| 1997 |
23.56 |
16.64 |
15.72 |
18.49 |
19.23 |
13.43 |
10.77 |
11.54 |
| 1998 |
13.77 |
13.85 |
15.95 |
18.75 |
10.73 |
10.55 |
11.41 |
12.09 |
| 1999 |
24.20 |
20.34 |
14.89 |
19.41 |
22.05 |
17.10 |
11.03 |
13.51 |
| 2000 |
-5.90 |
13.90 |
15.37 |
17.25 |
-8.58 |
10.91 |
12.16 |
12.08 |
|
| 2001 |
-13.29 |
7.33 |
11.61 |
15.66 |
-13.89 |
4.87 |
8.91 |
11.15 |
| 2002 |
-22.68 |
-2.27 |
6.77 |
12.72 |
-24.89 |
-4.39 |
4.14 |
8.45 |
| 2003 |
20.86 |
-1.08 |
6.12 |
12.33 |
17.57 |
-3.23 |
3.43 |
8.21 |
| 2004 |
12.84 |
-2.96 |
8.06 |
11.43 |
9.04 |
-5.39 |
5.26 |
7.40 |
|
