Britain's gross domestic product shrank by 7.8 percent year-on-year February 2021, following a revised 8.5 percent contraction in the previous month and compared with market expectations of an 8.3 percent fall. source: Office for National Statistics
Economic Activity Index in the United Kingdom averaged 1.45 percent from 1998 until 2021, reaching an all time high of 5.80 percent in December of 2005 and a record low of -24.40 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 17.50 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 4.00 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.