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United Kingdom GDP Growth Rate

Last Release
Sep 2021
Actual
1.1 %
Forecast
N/A
Previous
5.4 %
Frequency
Quarterly
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
16.1 %
Sep 2020
-18.8 %
Jun 2020
0.59 %1955 - 2021Office 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 expanded 1.1% on quarter in the three months to September of 2021, below initial estimates of a 1.3% increase, and easing from a downwardly revised 5.4% advance in the previous period. In output terms, the largest contributors were hospitality, and arts, entertainment and recreation following the further easing of restrictions and reopening of the economy during this period; production and construction both fell. Household consumption rose by an upwardly revised 2.7% in Quarter 3 2021 and made the largest contribution to expenditure; there was a fall in underlying inventories, likely reflecting some of the recent supply chain challenges; and a negative contribution from net trade. Year-on-year, the economy expanded 6.8%, higher than initial estimates of 6.6%. The economy is now 1.5% below its pre-pandemic level in the last quarter of 2019, revised from the previous estimate of 2.1% below because of upward revisions to growth in 2020.

United Kingdom GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Dec 22, 202107:10UK GDP Growth Revised Lower to 1.1% in Q3
Nov 11, 202107:17UK GDP Growth Below Forecasts
Sep 30, 202106:19UK GDP Growth Revised Much Higher to 5.5% in Q2
Aug 12, 202106:16UK Economy Expands 4.8% in Q2
Dec 20, 201911:42UK Q3 GDP Growth Revised Higher
Nov 11, 201910:52UK Economy Rebounds in Q3
Sep 30, 201909:10UK GDP Contraction Confirmed in Q2
DATETIMEEVENTActual
Nov 11, 202107:00GDP Growth Rate QoQ Prel1.3 %
Sep 30, 202006:00GDP Growth Rate QoQ Final-19.8 %
Aug 12, 202006:00GDP Growth Rate QoQ Prel-20.4 %
Jun 30, 202006:00GDP Growth Rate QoQ Final-2.2 %
May 13, 202006:00GDP Growth Rate QoQ Prel-2 %
Mar 31, 202006:00GDP Growth Rate QoQ Final0
Feb 11, 202009:30GDP Growth Rate QoQ Prel0

United Kingdom gdp Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
2,707.74
Dec 2020
2,830.81
Dec 2019
73.23
Dec 1960
3,100.88
Dec 2007
USD BillionYearly1960 - 2020
GDP Annual Growth Rate
6.8
Sep 2021
24.2
Jun 2021
-20.8
Jun 2020
24.2
Jun 2021
%Quarterly1956 - 2021
Gdp Constant Prices
553,412
Sep 2021
546,556
Jun 2021
112,194
Mar 1955
553,412
Sep 2021
GBP MillionQuarterly1955 - 2021
GDP From Agriculture
3,157
Sep 2021
3,146
Jun 2021
2,292
Jun 1996
3,251
Dec 2014
GBP MillionQuarterly1990 - 2021
GDP From Construction
30,798
Sep 2021
31,269
Jun 2021
20,404
Jun 2020
31,269
Jun 2021
GBP MillionQuarterly1990 - 2021
GDP From Manufacturing
48,628
Sep 2021
49,036
Jun 2021
36,142
Jun 2020
49,036
Jun 2021
GBP MillionQuarterly1990 - 2021

GDP Growth Rate across Europe

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
0.73
Sep 2021
2.11
Jun 2021
-8.8
Jun 2020
9.8
Sep 2020
%Quarterly2005 - 2021
Austria
3.8
Sep 2021
4.2
Jun 2021
-11.6
Jun 2020
12
Sep 2020
%Quarterly1996 - 2021
Belgium
2
Sep 2021
1.7
Jun 2021
-11.8
Jun 2020
15.8
Mar 1995
%Quarterly1980 - 2021
Bosnia and Herzegovina
1.7
Sep 2021
1.9
Jun 2021
-10.5
Jun 2020
6
Dec 2010
%Quarterly2009 - 2021
Czech Republic
1.5
Sep 2021
1
Jun 2021
-8.7
Jun 2020
7.1
Sep 2020
%Quarterly1995 - 2021
Denmark
1.1
Sep 2021
2.1
Jun 2021
-7.1
Jun 2020
5.2
Sep 2020
%Quarterly1991 - 2021

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