The British economy shrank 8.2 percent year-on-year in October of 2020, compared to forecasts of an 8.3 percent fall. It marks the 8th consecutive month of falling economic output due to the coronavirus pandemic. source: Office for National Statistics

Economic Activity Index in the United Kingdom averaged 1.54 percent from 1998 until 2020, reaching an all time high of 5.80 percent in December of 2005 and a record low of -25.10 percent in April of 2020. This page provides - United Kingdom GDP YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom GDP YoY - values, historical data and charts - was last updated on January of 2021.

Economic Activity Index in the United Kingdom is expected to be -7.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Economic Activity Index in the United Kingdom to stand at 12.60 in 12 months time. In the long-term, the United Kingdom GDP YoY is projected to trend around 3.20 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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United Kingdom GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
-8.20 -8.40 5.80 -25.10 1998 - 2020 percent Monthly
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United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 16.00 -18.80 16.00 -18.80 percent [+]
GDP Annual Growth Rate -8.60 -20.80 9.70 -20.80 percent [+]
GDP 2827.11 2860.67 3100.88 73.23 USD Billion [+]
GDP Constant Prices 497909.00 429219.00 544733.00 116532.00 GBP Million [+]
Gross National Product 528306.00 456875.00 555141.00 4692.00 GBP Million [+]
Gross Fixed Capital Formation 86556.00 73394.00 97537.00 13983.00 GBP Million [+]
GDP per capita 43688.40 43324.00 43688.40 13934.00 USD [+]
GDP per capita PPP 46699.30 46309.80 46699.30 30241.00 USD [+]
Economic Activity Index -8.20 -8.40 5.80 -25.10 percent [+]
GDP From Agriculture 3253.00 3067.00 3318.00 2331.00 GBP Million [+]
GDP From Construction 28813.00 20404.00 31535.00 20404.00 GBP Million [+]
GDP From Manufacturing 43202.00 36142.00 48869.00 36142.00 GBP Million [+]
GDP From Mining 4926.00 4946.00 12725.00 4833.00 GBP Million [+]
GDP From Public Administration 24565.00 24425.00 27035.00 23177.00 GBP Million [+]
GDP From Services 351636.00 306615.00 386180.00 187172.00 GBP Million [+]
GDP From Transport 16335.00 13437.00 20177.00 10417.00 GBP Million [+]


United Kingdom GDP YoY
GDP measures the value of goods and services produced in the UK. The reading refers to a year-on-year growth rate.