Britain's gross domestic product expanded 1.2 percent year-on-year in the second quarter of 2019, slowing from 1.8 percent in the previous period and missing market consensus of 1.4 percent. It has not been weaker since the start of 2018. GDP Annual Growth Rate in the United Kingdom averaged 2.44 percent from 1956 until 2019, reaching an all time high of 9.70 percent in the first quarter of 1973 and a record low of -6.10 percent in the first quarter of 2009.
GDP Annual Growth Rate in the United Kingdom is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in the United Kingdom to stand at 1.40 in 12 months time. In the long-term, the United Kingdom GDP Annual Growth Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.