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.