Britain's gross domestic product tumbled 24.0 percent from a year earlier in May 2020, easing from a record 25.3 percent contraction in April and compared to market expectations of a 20.4 percent decline. Services output fell 23.6 percent (vs -24.2 percent in April), production declined 20.0 percent (vs -23.8 percent in April) and construction dropped 39.7 percent (vs -44.2 percent in April). On a monthly basis, the economy grew 1.8 percent, rebounding from a record 20.3 percent plunge but missing forecasts of a 5.5 percent surge.

Economic Activity Index in the United Kingdom averaged 1.83 percent from 1998 until 2020, reaching an all time high of 5.80 percent in April of 2000 and a record low of -25.30 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 July of 2020. source: Office for National Statistics

Economic Activity Index in the United Kingdom is expected to be -15.20 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 17.50 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
-24.00 -25.30 5.80 -25.30 1998 - 2020 percent Monthly
SA

United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate -2.20 0.00 5.00 -2.70 percent [+]
GDP Annual Growth Rate -1.70 1.10 9.80 -5.80 percent [+]
GDP 2827.11 2860.67 3100.88 73.23 USD Billion [+]
GDP Constant Prices 512458.00 523917.00 523918.00 112194.00 GBP Million [+]
Gross National Product 537361.00 546726.00 546726.00 4691.00 GBP Million [+]
Gross Fixed Capital Formation 85928.00 86868.00 88201.00 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 -24.00 -25.30 5.80 -25.30 percent [+]
GDP From Agriculture 3054.00 3056.00 3251.00 2292.00 GBP Million [+]
GDP From Construction 28694.00 29181.00 29495.00 20732.00 GBP Million [+]
GDP From Manufacturing 44760.00 45236.00 47595.00 40101.00 GBP Million [+]
GDP From Mining 3024.00 3089.00 6963.00 2713.00 GBP Million [+]
GDP From Public Administration 22710.00 22665.00 25471.00 21629.00 GBP Million [+]
GDP From Services 366378.00 375131.00 375131.00 182006.00 GBP Million [+]
GDP From Transport 18775.00 19570.00 19767.00 10359.00 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.