United Kingdom GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

1.3

Units In

1.4

Frequency

Quarterly

Next Release

Sep 30, 2025

Time to Release

2 Months 29 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
24.6 Jun 2021	-21.2 Jun 2020	2.3 %	1956-2025	Office for National Statistics

The United Kingdom is the sixth largest economy in the world and the second largest in Europe after Germany. The Services sector is the most important and accounts for 79 percent to total GDP. The biggest segments within Services are: government, education and health (19 percent of total GDP); real estate (12 percent); professional, scientific and technical activities and administrative and support services (12 percent); wholesale and retail trade (11 percent); and financial and insurance (8 percent). Industry accounts for 21 percent of the GDP and the largest segments within this sector are: manufacturing (10 percent of total GDP) and construction (6 percent). The Agriculture sector accounts for only 1 percent of GDP.

Latest Updates

The British economy expanded 1.3% year-on-year in the first quarter of 2025, matching the initial estimate and compared to 1.5% in Q4. On the production side, the services sector grew 1.4% and construction went up 1.2% while the production sector stalled. On the expenditure side, household spending rose 0.9% and gross fixed capital formation jumped 3.5%, of which business investment soared 6.1%. Also, government spending increased 1.5% but exports decreased 0.5% and imports jumped 7.5%. Compared to the previous quarter, the GDP in the UK grew 0.7%, the most in a year.