The British economy expanded 0.2% year-on-year in November of 2022, following a downwardly revised 1.1% surge in the previous month. Still, it is the smallest growth since the contraction in early 2021, and below market forecasts of a 0.3% rise. source: Office for National Statistics
Monthly GDP YoY in the United Kingdom averaged 1.83 percent from 1998 until 2022, reaching an all time high of 29.10 percent in April of 2021 and a record low of -25.80 percent in April of 2020. This page includes a chart with historical data for the United Kingdom Monthly GDP YoY. United Kingdom Monthly GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Monthly GDP YoY in the United Kingdom is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Monthly GDP YoY is projected to trend around 0.80 percent in 2024 and 1.00 percent in 2025, according to our econometric models.