Britain's gross domestic product expanded 1.1 percent year-on-year in the third quarter of 2019, compared to a preliminary estimate of 1.0 percent and the previous period's revised 1.2 percent. That was still the weakest growth rate since the second quarter of 2012. GDP Annual Growth Rate in the United Kingdom averaged 2.45 percent from 1956 until 2019, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -5.80 percent in the first quarter of 2009. source: Office for National Statistics

GDP Annual Growth Rate in the United Kingdom is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in the United Kingdom to stand at 1.50 in 12 months time. In the long-term, the United Kingdom GDP Annual Growth Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.

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United Kingdom GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.20 9.80 -5.80 1956 - 2019 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-09 08:30 AM GDP Growth Rate YoY Prel Q2 1.2% 1.8% 1.4% 1.4%
2019-09-30 08:30 AM GDP Growth Rate YoY Final Q2 1.3% 2.1% 1.2% 1.2%
2019-11-11 09:30 AM GDP Growth Rate YoY Prel Q3 1% 1.3% 1.1% 1.2%
2019-12-20 09:30 AM GDP Growth Rate YoY Final Q3 1.1% 1.2% 1% 1%
2020-02-11 09:30 AM GDP Growth Rate YoY Prel Q4 1.1% 1.1%


News Stream
2019-11-11
UK GDP Annual Growth Slows to 9-1/2-Year Low
Britain's gross domestic product expanded 1.0 percent year-on-year in the third quarter of 2019, slowing from 1.3 percent in the previous period and missing market consensus of 1.1 percent. That was the weakest growth rate sine the first quarter of 2010.

2019-09-30
UK Q2 GDP Annual Growth Revised Higher
Britain's gross domestic product expanded 1.3 percent year-on-year in the second quarter of 2019, slightly above a preliminary estimate of 1.2 percent and compared to a revised 2.1 percent growth in the previous period . It has not been weaker since the first three months of 2018.

2019-08-09
UK GDP Annual Growth Slows to Over 1-Year Low
Britain's gross domestic product expanded 1.2 percent year-on-year in the second quarter of 2019, slowing from 1.8 percent in the previous period and missing market consensus of 1.4 percent. It has not been weaker since the start of 2018.

2019-06-28
UK GDP Annual Growth Confirmed at 1-1/2-Year High
The gross domestic product in the United Kingdom grew 1.8 percent year-on-year in the first quarter of 2019, unrevised from the first estimate and up from 1.4 percent in the previous period. That was the strongest pace of expansion since the third quarter of 2017.

2019-05-10
UK GDP Annual Growth at 1-1/2-Year High
Britain's economy expanded 1.8 percent year-on-year in the first quarter of 2019, up from 1.4 percent in the previous period and in line with market consensus. It has not been stronger since the third quarter of 2017. Household consumption and government spending grew faster, while fixed investment rebounded firmly despite a further decline in business investment. On the other hand, net trade contributed negatively to GDP growth.

2019-03-29
UK Q4 GDP Annual Growth Revised Slightly Higher to 1.4%
The gross domestic product in the United Kingdom expanded 1.4 percent year-on-year in the fourth quarter of 2018, compared to a preliminary estimate of 1.3 and the previous period's figure of 1.6 percent. Household consumption and government spending supported growth while business investment dropped and net trade contributed negatively to the expansion.


United Kingdom GDP Annual Growth Rate
The United Kingdom is the sixth largest economy in the world and the second largest in Europe after Germany. The Services sector is the most important and accounts for 79 percent to total GDP. The biggest segments within Services are: government, education and health (19 percent of total GDP); real estate (12 percent); professional, scientific and technical activities and administrative and support services (12 percent); wholesale and retail trade (11 percent); and financial and insurance (8 percent). Industry accounts for 21 percent of the GDP and the largest segments within this sector are: manufacturing (10 percent of total GDP) and construction (6 percent). The Agriculture sector accounts for only 1 percent of GDP.

United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 -0.20 5.00 -2.70 percent [+]
GDP Annual Growth Rate 1.10 1.20 9.80 -5.80 percent [+]
GDP 2825.21 2637.87 3084.12 72.33 USD Billion [+]
GDP Constant Prices 522525.00 520356.00 522525.00 112194.00 GBP Million [+]
Gross National Product 548011.00 546146.00 548011.00 4691.00 GBP Million [+]
Gross Fixed Capital Formation 87746.00 87601.00 88201.00 13983.00 GBP Million [+]
GDP per capita 42986.00 42669.60 42986.00 13827.40 USD [+]
GDP per capita PPP 40158.00 39862.30 40158.00 26303.10 USD [+]
GDP From Agriculture 3003.00 3011.00 3251.00 2292.00 GBP Million [+]
GDP From Construction 29262.00 29082.00 29429.00 20732.00 GBP Million [+]
GDP From Manufacturing 45925.00 45925.00 47595.00 40101.00 GBP Million [+]
GDP From Mining 3004.00 3056.00 6963.00 2713.00 GBP Million [+]
GDP From Public Administration 22489.00 22499.00 25471.00 21629.00 GBP Million [+]
GDP From Services 374073.00 372728.00 374073.00 182006.00 GBP Million [+]
GDP From Transport 19432.00 19417.00 19767.00 10359.00 GBP Million [+]
Economic Activity Index 0.60 1.00 5.80 -6.00 percent [+]