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United Kingdom GDP Growth Rate

Last Release
Sep 2020
Actual
16 %
Forecast
-2 %
Previous
-18.8 %
Frequency
Quarterly
Units In
%
Next Release
Mar 31, 2021
Time to Release
2 Months 3 Days 22 Hours
Highest
Lowest
Average
Date Range
Source
16 %
Sep 2020
-18.8 %
Jun 2020
0.58 %1955 - 2020Office 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

Britain's quarterly economic growth was revised slightly higher to 0.4 percent in the third quarter of 2019, from a preliminary estimate of 0.3 percent, as net trade made a larger positive contribution than previously estimated. The expansion was also supported by household consumption, while gross capital formation and government expenditure contributed negatively to GDP growth.

United Kingdom GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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
Aug 9, 201909:48UK Economy Suffers 1st Contraction in Nearly 7 Years
Jun 28, 201908:59UK Q1 GDP Growth Confirmed at 0.5%
May 10, 201915:26UK GDP Growth Accelerates to 0.5% in Q1
Mar 29, 201916:43UK Q4 GDP Growth Confirmed at 0.2%
DATETIMEEVENTActual
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
Dec 20, 201909:30GDP Growth Rate QoQ Final0.4 %

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

United Kingdom gdp Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
2,827.11
Dec 2019
2,860.67
Dec 2018
73.23
Dec 1960
3,100.88
Dec 2007
USD BillionYearly1960 - 2019
GDP Annual Growth Rate
-8.6
Sep 2020
-20.8
Jun 2020
-20.8
Jun 2020
9.8
Mar 1973
%Quarterly1956 - 2020
GDP Constant Prices
497,909
Sep 2020
429,219
Jun 2020
112,194
Mar 1955
523,617
Dec 2019
GBP MillionQuarterly1955 - 2020
GDP From Agriculture
3,253
Sep 2020
3,067
Jun 2020
2,292
Jun 1996
3,253
Sep 2020
GBP MillionQuarterly1990 - 2020
GDP From Construction
28,813
Sep 2020
20,404
Jun 2020
20,404
Jun 2020
29,637
Mar 2019
GBP MillionQuarterly1990 - 2020
GDP From Manufacturing
43,202
Sep 2020
36,142
Jun 2020
36,142
Jun 2020
47,595
Dec 2006
GBP MillionQuarterly1990 - 2020

GDP Growth Rate across Europe

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
9.8
Sep 2020
-8.8
Jun 2020
-8.8
Jun 2020
9.8
Sep 2020
%Quarterly2005 - 2020
Austria
12
Sep 2020
-11.6
Jun 2020
-11.6
Jun 2020
12
Sep 2020
%Quarterly1996 - 2020
Belgium
11.4
Sep 2020
-11.8
Jun 2020
-11.8
Jun 2020
15.8
Mar 1995
%Quarterly1980 - 2020
Bosnia and Herzegovina
-10.5
Jun 2020
0.3
Mar 2020
-10.5
Jun 2020
6
Dec 2010
%Quarterly2009 - 2020
Czech Republic
6.9
Sep 2020
-8.7
Jun 2020
-8.7
Jun 2020
6.9
Sep 2020
%Quarterly1995 - 2020
Denmark
5.2
Sep 2020
-7.1
Jun 2020
-7.1
Jun 2020
5.2
Sep 2020
%Quarterly1991 - 2020

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