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United Kingdom GDP Growth Rate

Last Release
Jun 30, 2022
Actual
-0.1
Units In
%
Previous
0.8
Frequency
Quarterly
Next Release
Dec 22, 2022
Time to Release
2 Months 21 Days 10 Hours
Highest
Lowest
Average
Date Range
Source
17.6
Sep 2020
-19.4
Jun 2020
0.59 %1955-2022Office for National Statistics
The services sector is the most important and account for 79 percent of United Kingdom's 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. Composition of the GDP on the expenditure side: household consumption (65 percent), government expenditure (20 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 28 percent of GDP while imports account for 30 percent, subtracting 2 percent from GDP.

Latest Updates

The British economy unexpectedly expanded 0.2% on quarter in the April-June 2022 period, better than initial estimates of a 0.1% contraction. Services rose 0.2%, revised from initial estimates of a 0.4% drop, due to positive contributions from human health and social work; financial and insurance; and professional, scientific, and technical activities while wholesale and retail trade, and accommodation and food services were revised lower. Meanwhile, production contracted 0.2% (vs -0.5% in early estimates), with manufacturing falling 1.1% and mining 1% while electricity, gas, steam and air conditioning supply went up 3.9%, led by the gas industry. On the expenditure side, household consumption edged 0.1% higher, better than initial estimates of a 0.2% drop while investment fell 1.4%, downwardly revised from a 0.6% growth. Government consumption fell by 1.5%, less than a 2.9% drop initially expected. Also, there was a narrowing in the trade deficit for goods and services.

United Kingdom GDP Growth Rate History

Last 12 readings

United Kingdom GDP Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
3,186.86
Dec 2021
2,756.9
Dec 2020
73.23
Dec 1960
3,186.86
Dec 2021
USD BillionYearly1960-2021
GDP Annual Growth Rate
2.9
Jun 2022
8.7
Mar 2022
-21.2
Jun 2020
24.6
Jun 2021
%Quarterly1956-2022
GDP Constant Prices
568,719
Jun 2022
569,182
Mar 2022
122,480
Mar 1955
569,182
Mar 2022
GBP MillionQuarterly1955-2022
GDP From Agriculture
3,362
Mar 2022
3,342
Dec 2021
965
Dec 2001
5,528
Mar 2001
GBP MillionQuarterly1990-2022
GDP From Construction
32,051
Mar 2022
30,873
Dec 2021
19,877
Jun 2020
34,620
Mar 1990
GBP MillionQuarterly1990-2022
GDP From Manufacturing
49,900
Mar 2022
49,265
Dec 2021
30,038
Sep 1991
50,420
Mar 2019
GBP MillionQuarterly1990-2022
GDP From Mining
3,948
Mar 2022
3,957
Dec 2021
2,729
Mar 2013
26,337
Mar 1998
GBP MillionQuarterly1990-2022
GDP From Public Administration
25,177
Mar 2022
25,408
Dec 2021
18,708
Dec 1997
25,472
Sep 2021
GBP MillionQuarterly1990-2022
GDP From Services
406,933
Mar 2022
405,112
Dec 2021
207,762
Sep 1990
406,933
Mar 2022
GBP MillionQuarterly1990-2022
GDP From Transport
20,778
Mar 2022
20,059
Dec 2021
11,382
Mar 1991
20,778
Mar 2022
GBP MillionQuarterly1990-2022
GDP Growth Rate
-0.1
Jun 2022
0.8
Mar 2022
-19.4
Jun 2020
17.6
Sep 2020
%Quarterly1955-2022
GDP per capita
46,209.11
Dec 2021
43,166.16
Dec 2020
14,914.88
Dec 1960
46,611.84
Dec 2019
USDYearly1960-2021
GDP per capita PPP
45,839.15
Dec 2021
42,820.57
Dec 2020
30,035.89
Dec 1991
46,406.46
Dec 2019
USDYearly1990-2021
Gross Fixed Capital Formation
101,351
Jun 2022
100,787
Mar 2022
13,983
Mar 1955
101,351
Jun 2022
GBP MillionQuarterly1955-2022
Gross National Product
608,636
Mar 2022
606,343
Dec 2021
4,692
Mar 1955
608,636
Mar 2022
GBP MillionQuarterly1955-2022
Monthly GDP MoM
0.2
Jul 2022
-0.6
Jun 2022
-18.9
Apr 2020
9.7
Jun 2020
N/A1997-2022
Monthly GDP YoY
2.3
Jul 2022
1.9
Jun 2022
-24.8
Apr 2020
30
Apr 2021
%Monthly1998-2022

GDP Growth Rate across Europe

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
1.56
Mar 2022
0.2
Dec 2021
-8.35
Jun 2020
11.16
Sep 2020
% Quarterly2005-2022
Austria
0.5
Jun 2022
1.5
Mar 2022
-11.4
Jun 2020
10.9
Sep 2020
% Quarterly1995-2022
Belgium
0.2
Jun 2022
0.5
Mar 2022
-11.6
Jun 2020
15.8
Mar 1995
% Quarterly1980-2022
Bosnia and Herzegovina
1.5
Mar 2022
1.7
Dec 2021
-9.9
Jun 2020
6.1
Mar 2021
% Quarterly2009-2022
Bulgaria
1.1
Jun 2022
0.84
Mar 2022
-10.13
Mar 1997
11.78
Jun 1995
% Quarterly1995-2022
Croatia
2.7
Mar 2022
-0.1
Dec 2021
-14.9
Jun 2020
5.9
Sep 2020
% Quarterly1996-2022
Cyprus
0.6
Jun 2022
1
Mar 2022
-13.1
Jun 2020
9.4
Sep 2020
% Quarterly1995-2022
Czech Republic
0.5
Jun 2022
0.6
Mar 2022
-8.7
Jun 2020
7.1
Sep 2020
% Quarterly1995-2022
Denmark
0.9
Jun 2022
-1.1
Mar 2022
-6.4
Jun 2020
6.1
Sep 2020
% Quarterly1991-2022
Estonia
-1.3
Jun 2022
0
Mar 2022
-11.8
Dec 2008
4.2
Jun 1997
% Quarterly1995-2022
Euro Area
0.6
Jun 2022
0.5
Mar 2022
-11.7
Jun 2020
12.6
Sep 2020
% Quarterly1995-2022
Finland
0.9
Jun 2022
0.5
Mar 2022
-6.5
Mar 2009
5
Sep 1980
% Quarterly1975-2022
France
0.5
Jun 2022
-0.2
Mar 2022
-13.5
Jun 2020
18.6
Sep 2020
% Quarterly1949-2022
Germany
0.1
Jun 2022
0.8
Mar 2022
-10
Jun 2020
9
Sep 2020
% Quarterly1970-2022
Greece
2.3
Mar 2022
0.4
Dec 2021
-14.2
Jun 2020
5.6
Sep 2020
% Quarterly1995-2022
Hungary
1.1
Jun 2022
2.1
Mar 2022
-14.3
Jun 2020
11.5
Sep 2020
% Quarterly1995-2022
Iceland
3.9
Jun 2022
1.1
Mar 2022
-10.8
Mar 2009
11.1
Jun 1998
% Quarterly1995-2022
Ireland
6.3
Mar 2022
-5.4
Dec 2021
-5.4
Dec 2021
23.4
Mar 2015
% Quarterly1995-2022
Italy
1
Jun 2022
0.1
Mar 2022
-13.1
Jun 2020
16
Sep 2020
% Quarterly1960-2022
Latvia
1
Jun 2022
2.1
Mar 2022
-6.9
Jun 2020
6.7
Sep 2020
% Quarterly1995-2022
Lithuania
-0.5
Jun 2022
1.1
Mar 2022
-12.9
Mar 2009
4.4
Mar 2003
% Quarterly1995-2022
Luxembourg
1.2
Mar 2022
0.5
Dec 2021
-7.1
Jun 2020
7.9
Sep 2020
% Quarterly1995-2022
Malta
2.3
Dec 2021
-0.5
Jun 2021
-13.6
Jun 2020
6.7
Sep 2020
% Quarterly2000-2021
Moldova
-6.4
Mar 2022
6
Dec 2021
-8.9
Jun 2020
6.3
Jun 2021
% Quarterly1995-2022
Netherlands
2.6
Jun 2022
0.4
Mar 2022
-8.4
Jun 2020
7.5
Sep 2020
% Quarterly1988-2022
Norway
0.7
Jun 2022
-0.9
Mar 2022
-4.6
Jun 2020
4.5
Sep 2020
% Quarterly1978-2022
Poland
-2.1
Jun 2022
2.5
Mar 2022
-9.2
Jun 2020
7.6
Sep 2020
% Quarterly1995-2022
Portugal
0
Jun 2022
2.5
Mar 2022
-15.2
Jun 2020
14.7
Sep 2020
% Quarterly1988-2022
Romania
2.1
Jun 2022
5.1
Mar 2022
-11.2
Jun 2020
6.1
Mar 1996
% Quarterly1995-2022
Russian Federation
-0.8
Sep 2021
3.2
Jun 2021
-5.4
Sep 1998
4.1
Mar 1999
% Quarterly1995-2021
Serbia
-0.5
Mar 2022
1.6
Dec 2021
-19.6
Jun 1999
16.1
Sep 1999
% Quarterly1995-2022
Slovakia
0.4
Jun 2022
0.4
Mar 2022
-9.5
Mar 2009
9.1
Sep 2020
% Quarterly1995-2022
Slovenia
0.9
Jun 2022
0.8
Mar 2022
-9.5
Jun 2020
11.9
Sep 2020
% Quarterly1995-2022
Spain
1.1
Jun 2022
0.2
Mar 2022
-17.7
Jun 2020
16.8
Sep 2020
% Quarterly1995-2022
Sweden
0.9
Jun 2022
0.2
Mar 2022
-7.9
Jun 2020
6.9
Sep 2020
% Quarterly1981-2022
Switzerland
0.5
Mar 2022
0.2
Dec 2021
-6.2
Jun 2020
6.4
Sep 2020
% Quarterly1980-2022
Turkey
2.1
Jun 2022
1.2
Mar 2022
-10.8
Jun 2020
16.4
Sep 2020
% Quarterly1998-2022
Ukraine
1.9
Dec 2021
1.5
Sep 2021
-9.9
Jun 2020
8.5
Sep 2020
% Quarterly2010-2021
United Kingdom
-0.1
Jun 2022
0.8
Mar 2022
-19.4
Jun 2020
17.6
Sep 2020
% Quarterly1955-2022

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