Britain's gross domestic product expanded 1.1 percent year-on-year in the third quarter of 2019, compared to a preliminary estimate of 1.0 percent and the previous period's revised 1.2 percent. That was still the weakest growth rate since the second quarter of 2012.
GDP Annual Growth Rate in the United Kingdom averaged 2.45 percent from 1956 until 2019, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -5.80 percent in the first quarter of 2009. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Office for National Statistics
GDP Annual Growth Rate in the United Kingdom is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in the United Kingdom to stand at 1.50 in 12 months time. In the long-term, the United Kingdom GDP Annual Growth Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.