The British GDP grew at a record 7.4% in 2021, slightly less than initial estimates of a 7.5% rise, and rebounding from an all-time high 9.3% contraction in 2020, as the economy recovered from the coronavirus-hit, preliminary estimates showed.

Full Year GDP Growth in the United Kingdom averaged 2.45 percent from 1949 until 2021, reaching an all time high of 7.40 percent in 2021 and a record low of -9.30 percent in 2020. This page includes a chart with historical data for the United Kingdom Full Year Gdp Growth. United Kingdom Full Year Gdp Growth - values, historical data and charts - was last updated on July of 2022.

Full Year GDP Growth in the United Kingdom is expected to reach 3.40 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Full Year Gdp Growth is projected to trend around 2.50 percent in 2023 and 2.30 percent in 2024, according to our econometric models.

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United Kingdom Full Year Gdp Growth

Related Last Previous Unit Reference
GDP Growth Rate 0.80 1.30 percent Mar 2022
GDP Annual Growth Rate 8.70 6.60 percent Mar 2022
GDP 2707.74 2830.81 USD Billion Dec 2020