The UK economy is forecast to grow by 1% in 2027, according to the latest projections from the Office for Budget Responsibility (OBR), presented by Chancellor John Healey in his first budget statement to Parliament. The forecast marks a downgrade from the OBR’s previous estimate of 1.6%, published in March before the outbreak of the Iran war. Growth is expected to accelerate to 1.6% in 2028, 1.8% in 2029, 1.7% in 2030 and 1.6% in 2031. The latest projections compare with the OBR’s previous forecasts of 1.6% growth in 2028 and 1.5% in both 2029 and 2030. Meanwhile, the growth forecast for 2026 was revised slightly higher to 1.2%, up from 1.1% previously.

Full Year GDP Growth in the United Kingdom increased to 1.40 percent in 2025 from 1 percent in 2024. Full Year GDP Growth in the United Kingdom averaged 2.43 percent from 1949 until 2025, reaching an all time high of 8.50 percent in 2021 and a record low of -10.00 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 October of 2026.

Full Year GDP Growth in the United Kingdom increased to 1.40 percent in 2025 from 1 percent in 2024. Full Year GDP Growth in the United Kingdom is expected to reach 1.20 percent by the end of 2026, 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 1.10 percent in 2027 and 1.50 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Full Year GDP Growth 1.40 1.00 percent Dec 2025
GDP 4002.59 3695.54 USD Billion Dec 2025
GDP Growth Rate YoY 1.40 0.80 percent Jun 2026
GDP Constant Prices 744453.00 740509.00 GBP Million Jun 2026
GDP from Agriculture 4737.00 4701.00 GBP Million Jun 2026
GDP from Construction 37192.00 36888.00 GBP Million Jun 2026
GDP from Manufacturing 57126.00 56867.00 GBP Million Jun 2026
GDP from Mining 4558.00 4467.00 GBP Million Jun 2026
GDP from Public Administration 34598.00 34432.00 GBP Million Jun 2026
GDP from Services 547104.00 543783.00 GBP Million Jun 2026
GDP from Transport 24634.00 24653.00 GBP Million Jun 2026
GDP Growth Rate 0.50 0.60 percent Jun 2026
Gross Fixed Capital Formation 144517.00 143172.00 GBP Million Jun 2026
Gross National Product 783358.00 779646.00 GBP Million Jun 2026
GDP MoM 0.10 0.40 percent Aug 2026
GDP YoY 2.10 1.80 percent Aug 2026


United Kingdom Full Year Gdp Growth
Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.00 8.50 -10.00 1949 - 2025 percent Yearly
SA

News Stream
OBR Downgrades UK Growth Forecast for 2027
The UK economy is forecast to grow by 1% in 2027, according to the latest projections from the Office for Budget Responsibility (OBR), presented by Chancellor John Healey in his first budget statement to Parliament. The forecast marks a downgrade from the OBR’s previous estimate of 1.6%, published in March before the outbreak of the Iran war. Growth is expected to accelerate to 1.6% in 2028, 1.8% in 2029, 1.7% in 2030 and 1.6% in 2031. The latest projections compare with the OBR’s previous forecasts of 1.6% growth in 2028 and 1.5% in both 2029 and 2030. Meanwhile, the growth forecast for 2026 was revised slightly higher to 1.2%, up from 1.1% previously.
2026-10-28
UK Economy Grows 1.3% in 2025
The UK economy expanded by 1.3% in 2025, improving slightly from 1.1% growth in 2024, with all major sectors contributing to the increase. However, the outcome fell short of the OBR's 1.5% growth projection and remained modest by historical standards. The economy faced significant headwinds throughout the year, including substantial tax increases, trade tensions linked to US President Donald Trump’s policies, and a major cyberattack targeting the country’s largest car manufacturer. Also, as the year drew to a close, businesses and consumers stayed cautious ahead of Chancellor of the Exchequer Rachel Reeves’ November 26 budget, despite it refraining from introducing any additional immediate measures.
2026-02-12