United Kingdom GDP Growth Rate

Last Release

Mar 31, 2025

Actual

0.7

Units In

0.1

Frequency

Quarterly

Next Release

Sep 30, 2025

Time to Release

2 Months 29 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
17.6 Sep 2020	-19.4 Jun 2020	0.57 %	1955-2025	Office 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 0.7% on quarter in Q1 2025, the same as in the preliminary estimate, and the strongest growth in a year. On the production side, growth was driven by an increase of 0.7% in the services sector, with the largest positive contributor coming from administrative and support service activities (3.7%) and wholesale and retail trade (1.6%). Production also grew by 1.3%, mostly manufacturing (1.1%), including transport equipment (2.8%) and machinery and equipment (4%). On the consumption side, growth was driven by a 2% surge in gross fixed capital formation, mainly aircraft investment, as well as ICT equipment and other machinery and equipment. Business investment rose 3.9%. Positive contributions also came from net trade, with exports rising 3.3% and imports increasing 2%. Also, household consumption was up 0.4%. On the other hand, public expenditure went down 0.4%. Year-on-year, the GDP expanded 1.3%, in line with the first estimate and below 1.5% in Q4.