The UK economy advanced 6.6% year-on-year in the third quarter of 2021, slowing from a record 23.6% growth in Q2 following the easing of coronavirus restrictions. Figures came slightly below market forecasts of 6.8%, preliminary estimates showed. The GDP is now 2.1% below where it was before the coronavirus pandemic in the last quarter of 2019. source: Office for National Statistics
GDP Annual Growth Rate in the United Kingdom averaged 2.31 percent from 1956 until 2021, reaching an all time high of 23.60 percent in the second quarter of 2021 and a record low of -21.40 percent in the second quarter of 2020. 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. United Kingdom GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
GDP Annual Growth Rate in the United Kingdom is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom GDP Annual Growth Rate is projected to trend around 3.60 percent in 2022 and 1.00 percent in 2023, according to our econometric models.