The UK economy expanded by 1.1% year-over-year in Q1 2026, accelerating from 1.0% in the previous quarter and surpassing market expectations of 0.8%, according to preliminary estimates. Growth was driven by a 1.4% rise in services output, while production remained flat and construction declined by 1.3%. On the expenditure side, household consumption grew by 0.9% (up from 0.5% in Q4 2025), and government spending increased by 1.4% (from 1.0%). However, gross fixed capital formation slowed to 0.5% (down from 4.0%), partly due to a drop in business investment. Net trade weighed on growth as imports outpaced exports. source: Office for National Statistics

The Gross Domestic Product (GDP) in the United Kingdom expanded 1.10 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in the United Kingdom averaged 2.32 percent from 1956 until 2026, reaching an all time high of 25.50 percent in the second quarter of 2021 and a record low of -21.70 percent in the second quarter of 2020. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

The Gross Domestic Product (GDP) in the United Kingdom expanded 1.10 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in the United Kingdom is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom GDP Annual Growth Rate is projected to trend around 1.50 percent in 2027 and 1.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-31 06:00 AM
YoY Final
Q4 1% 1.3% 1% 1.0%
2026-05-14 06:00 AM
YoY Prel
Q1 1.1% 1% 0.8% 1.0%
2026-06-30 06:00 AM
YoY Final
Q1 1% 1.1% 1.1%



Components Last Previous Unit Reference
GDP from Utilities 12317.00 12246.00 GBP Million Mar 2026

Related Last Previous Unit Reference
GDP Growth Rate YoY 1.10 1.00 percent Mar 2026
GDP Constant Prices 710896.00 706453.00 GBP Million Mar 2026
GDP from Agriculture 4378.00 4558.00 GBP Million Mar 2026
GDP from Construction 36894.00 36761.00 GBP Million Mar 2026
GDP from Manufacturing 56807.00 56384.00 GBP Million Mar 2026
GDP from Mining 6518.00 6826.00 GBP Million Mar 2026
GDP from Public Administration 33372.00 33331.00 GBP Million Mar 2026
GDP from Services 518664.00 514755.00 GBP Million Mar 2026
GDP from Transport 23376.00 23222.00 GBP Million Mar 2026
GDP Growth Rate 0.60 0.20 percent Mar 2026
Gross Fixed Capital Formation 137657.00 138525.00 GBP Million Mar 2026
Gross National Product 766587.00 763934.00 GBP Million Dec 2025
Business Investment YoY -1.80 1.80 percent Mar 2026


United Kingdom GDP Annual Growth Rate
GDP The United Kingdom is the sixth largest economy in the world and the second largest in Europe after Germany. The Services sector is the most important and accounts for 79 percent to total 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.
Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.00 25.50 -21.70 1956 - 2026 percent Quarterly
SA

News Stream
UK Annual Growth Beats Forecasts
The UK economy expanded by 1.1% year-over-year in Q1 2026, accelerating from 1.0% in the previous quarter and surpassing market expectations of 0.8%, according to preliminary estimates. Growth was driven by a 1.4% rise in services output, while production remained flat and construction declined by 1.3%. On the expenditure side, household consumption grew by 0.9% (up from 0.5% in Q4 2025), and government spending increased by 1.4% (from 1.0%). However, gross fixed capital formation slowed to 0.5% (down from 4.0%), partly due to a drop in business investment. Net trade weighed on growth as imports outpaced exports.
2026-05-14
UK GDP Expands 1% YoY in Q4, In Line With Preliminary Figures
The GDP in the UK expanded 1% year-on-year in the last three months of 2025, the smallest growth since Q1 2024 and following a 1.3% rise in Q3, matching the preliminary estimate. The production sector rebounded (0.6% vs -1.3%) led by utilities (3% vs -2%) and the services sector increased 1% (vs 1.5%) while construction stalled. On the expenditure side, a slowdown was seen for household spending (0.4% vs 0.6%), government expenditure (1.1% vs 1.8%), exports (1.2% vs 2%) and imports (1.9% vs 4.9%). On the other hand, gross fixed capital formation increased at a slightly faster pace (4.2% vs 3.9%). Considering full 2025, the economy grew 1.4%, revised up from 1.3% in the previous estimate and a 1.1% growth in 2024.
2026-03-31
UK Annual Growth Slows to 1.0% in Q4
The UK economy expanded by 1.0% year-on-year in the fourth quarter of 2025, slowing from 1.2% in the previous quarter and slightly undershooting market expectations of 1.2%, according to preliminary estimates. It marked the weakest annual growth rate since the second quarter of 2024. The softer reading capped a challenging year for the economy, which grappled with significant tax increases, trade tensions linked to US President Donald Trump’s policies, and a major cyberattack on the country’s largest car manufacturer. Business and consumer confidence also remained subdued toward year-end ahead of Chancellor of the Exchequer Rachel Reeves’ November 26 budget. Both the services and production sectors grew by 1.0% in Q4, while construction posted a modest 0.2% increase. For 2025 as a whole, the economy expanded by 1.3%, slightly above the 1.1% growth recorded in 2024.
2026-02-12