United Kingdom GDP Growth Rate
The Gross Domestic Product (GDP) in the United Kingdom expanded 0.80 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in the United Kingdom averaged 0.62 Percent from 1955 until 2014, reaching an all time high of 5.30 Percent in the first quarter of 1973 and a record low of -2.50 Percent in the second quarter of 1958. GDP Growth Rate in the United Kingdom is reported by the Office for National Statistics.
||1955 - 2014
The United Kingdom is the world’s sixth largest economy. Like in the case of many other developed nations, services is the biggest sector of the economy and accounts for more than 75 percent of total GDP. The key segments within Services are Distribution, Transport, Hotels and Restaurants (18 percent of total GDP), Government, Health and Education (20 percent); Professional and Support (11 percent); Financial and Insurance (9 percent) and Real Estate (9 percent). Although the United Kingdom is still one of the biggest manufacturers in the world, production constitutes only 10 percent of the GDP. Last big component of the GDP is Construction, which accounts for around 7 percent of total output. This page provides - United Kingdom GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.