The UK economy advanced 6.6% year-on-year in the third quarter of 2021, slowing from a record 23.6% growth in Q2 following the easing of coronavirus restrictions. Figures came slightly below market forecasts of 6.8%, preliminary estimates showed. The GDP is now 2.1% below where it was before the coronavirus pandemic in the last quarter of 2019. source: Office for National Statistics

GDP Annual Growth Rate in the United Kingdom averaged 2.31 percent from 1956 until 2021, reaching an all time high of 23.60 percent in the second quarter of 2021 and a record low of -21.40 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 December of 2021.

GDP Annual Growth Rate in the United Kingdom is expected to be 6.40 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 3.60 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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United Kingdom GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-30 06:00 AM YoY Final Q2 23.6% -5.8% 22.2% 22.2%
2021-11-11 07:00 AM YoY Prel Q3 6.6% 23.6% 6.8% 6.5%
2021-12-22 07:00 AM YoY Final Q3 23.6% 6.6% 6.6%


Related Last Previous Unit Reference
GDP Growth Rate 1.30 5.50 percent Sep/21
GDP Annual Growth Rate 6.60 23.60 percent Sep/21
GDP Constant Prices 553412.00 546556.00 GBP Million Sep/21
Gross National Product 572325.00 559321.00 GBP Million Jun/21
Gross Fixed Capital Formation 95269.00 94508.00 GBP Million Sep/21
Economic Activity Index 6.90 8.80 percent Aug/21
GDP From Transport 17664.00 17220.00 GBP Million Jun/21
GDP From Services 392539.00 368673.00 GBP Million Jun/21
GDP From Public Administration 25379.00 25280.00 GBP Million Jun/21
GDP From Mining 3347.00 3980.00 GBP Million Jun/21
GDP From Manufacturing 49036.00 48161.00 GBP Million Jun/21
GDP From Construction 31269.00 30126.00 GBP Million Jun/21
GDP From Agriculture 3146.00 3051.00 GBP Million Jun/21

News Stream
UK GDP Annual Growth Slows from Records
The UK economy advanced 6.6% year-on-year in the third quarter of 2021, slowing from a record 23.6% growth in Q2 following the easing of coronavirus restrictions. Figures came slightly below market forecasts of 6.8%, preliminary estimates showed. The GDP is now 2.1% below where it was before the coronavirus pandemic in the last quarter of 2019.
2021-11-11
UK Economy Expands at a New Record Pace
The British economy expanded 23.6% year-on-year in the second quarter of 2021, above initial estimates of a 22.2% increase, and rebounding from a 5.8% contraction in the previous period. It is a new record growth rate, following the easing of coronavirus restrictions, and after a record 21.4% contraction a year earlier, when the coronavirus crisis hit the economy hard. The level of GDP is now 3.3% below where it was pre-pandemic.
2021-09-30
UK GDP Annual Growth at Record High
Britain's gross domestic product grew by 22.2 percent year-on-year in the second quarter of 2021, ending a five-quarter period of contraction and remaining broadly in line with market expectations of 22.1 percent, a preliminary estimate showed. That was the fastest pace of expansion on record, reflecting a low base year caused by the coronavirus crisis and the re-opening of the economy following the easing of restrictive measures. Household consumption jumped 20.5 percent (vs -11.0 percent in Q1) and fixed investment climbed 21.4 percent (vs -3.2 percent in Q1). In addition, government spending was up 32.9 (vs 3.7 percent in Q1), while net trade contributed negatively to the GDP as imports jumped 17.2 percent and exports rose 2.2 percent. Still, the level of GDP was 4.4 percent below pre-pandemic levels.
2021-08-12

United Kingdom GDP Annual Growth Rate
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.