Britain's gross domestic product shrank by 9.2 percent year-on-year in January 2021, the steepest month of contraction since July but better than market expectations of a 10.9 percent contraction. source: Office for National Statistics

Economic Activity Index in the United Kingdom averaged 1.48 percent from 1998 until 2021, reaching an all time high of 5.80 percent in December of 2005 and a record low of -23.90 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 April of 2021.

Economic Activity Index in the United Kingdom is expected to be -0.30 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 3.80 in 12 months time. In the long-term, the United Kingdom GDP YoY is projected to trend around 6.50 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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United Kingdom GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
-9.20 -6.50 5.80 -23.90 1998 - 2021 percent Monthly
SA

United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 16.90 16.90 -19.50 percent [+]
GDP Annual Growth Rate -7.30 -8.50 9.70 -21.40 percent [+]
GDP 2829.11 2860.67 3100.88 73.23 USD Billion [+]
GDP Constant Prices 504742.00 498429.00 544733.00 116532.00 GBP Million [+]
Gross National Product 538785.00 534247.00 555141.00 4692.00 GBP Million [+]
Gross Fixed Capital Formation 93469.00 89545.00 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 -9.20 -6.50 5.80 -23.90 percent [+]
GDP From Agriculture 2922.00 2899.00 3318.00 2331.00 GBP Million [+]
GDP From Construction 29141.00 28374.00 31535.00 20074.00 GBP Million [+]
GDP From Manufacturing 45261.00 43809.00 48869.00 36108.00 GBP Million [+]
GDP From Mining 4719.00 4907.00 12725.00 4719.00 GBP Million [+]
GDP From Public Administration 24633.00 24561.00 27035.00 23177.00 GBP Million [+]
GDP From Services 359787.00 356140.00 386180.00 187172.00 GBP Million [+]
GDP From Transport 17224.00 16441.00 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.