United Kingdom GDP Growth Rate  1955-2016 | Data | Chart | Calendar

The UK’s economy advanced 0.6 percent on quarter in the three months to June of 2016, higher than a 0.4 percent expansion in the previous period and better than market expectations of 0.4 percent. Industrial production rebounded and posted the biggest gain since 1999, boosted by mining, quarrying and manufacturing while services growth slowed and construction shrank for the second quarter, preliminary estimates showed. GDP Growth Rate in the United Kingdom averaged 0.61 percent from 1955 until 2016, reaching an all time high of 5 percent in the first quarter of 1973 and a record low of -2.70 percent in the first quarter of 1974. GDP Growth Rate in the United Kingdom is reported by the Office for National Statistics.

United Kingdom GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.40 5.00 -2.70 1955 - 2016 percent Quarterly
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. Composition of the GDP on the expenditure side: household consumption (65 percent), government expenditure (20 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 28 percent of GDP while imports account for 30 percent, subtracting 2 percent from GDP. This page provides the latest reported value for - United Kingdom GDP 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 Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-26 08:30 AM Q1 0.4% 0.6% 0.4% 0.4%
2016-06-30 08:30 AM Q1 0.4% 0.7% 0.4% 0.4%
2016-07-27 08:30 AM Q2 0.6% 0.4% 0.4% 0.4%
2016-08-26 08:30 AM Q2 0.4% 0.6% 0.6%
2016-09-30 08:30 AM Q2 0.4%
2016-10-27 08:30 AM Q3 -0.2%

UK GDP Growth Beats Expectations in Q2


The UK’s economy advanced 0.6 percent on quarter in the three months to June of 2016, higher than a 0.4 percent expansion in the previous period and better than market expectations of 0.4 percent. Industrial production rebounded and posted the biggest gain since 1999, boosted by mining, quarrying and manufacturing while services growth slowed and construction shrank for the second quarter, preliminary estimates showed.

Industrial production jumped 2.1 percent, rebounding from a 0.2 percent drop in the previous period and contributing 0.3 percentage points to growth: manufacturing surged 1.8 percent (-0.2 percent in the previous period); energy supply went up 4.7 percent (0.7 percent in the previous period); water and waste management rose 2.6 percent (2.4 percent in the previous period) and mining and quarrying increased 1.4 percent (-2.2 percent in the previous period).  

Growth in the services industries slowed to 0.5 percent from 0.6 percent in the previous quarter, contributing 0.37 percentage points to growth. Growth in the business services and finance industries eased to 0.5 percent from 0.7 percent and was the main reason behind the reduction in services growth between the 2 quarters.

Construction output fell 0.4 percent, following a 0.3 percent decline in the previous period.  

On a yearly basis, the economy advanced 2.2 percent, better than market expectations of 2 percent and the best performance in a year. 

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
7/27/2016 9:53:23 AM

United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.40 5.00 -2.70 percent [+]
GDP Annual Growth Rate 2.20 2.00 9.80 -6.10 percent [+]
GDP 2848.76 2990.20 2990.20 72.33 USD Billion [+]
GDP Constant Prices 466997.00 464212.00 466997.00 107263.00 GBP Million [+]
Gross National Product 459327.00 454597.00 461825.00 4748.00 GBP Million [+]
Gross Fixed Capital Formation 77059.00 77099.00 80420.00 13405.00 GBP Million [+]
GDP per capita 40933.46 40326.82 40933.46 13868.61 USD [+]
GDP per capita PPP 38657.79 38084.87 38657.79 26202.27 USD [+]
GDP From Agriculture 3179.00 3212.00 3267.00 2350.00 GBP Million [+]
GDP From Construction 25417.00 25529.00 26013.00 20035.00 GBP Million [+]
GDP From Manufacturing 41461.00 40715.00 43548.00 37451.00 GBP Million [+]
GDP From Mining 7530.00 7428.00 16722.00 6493.00 GBP Million [+]
GDP From Public Administration 18979.00 19054.00 22274.00 18888.00 GBP Million [+]
GDP From Services 330909.00 329369.00 330909.00 171542.00 GBP Million [+]
GDP From Transport 17844.00 17818.00 18739.00 9402.00 GBP Million [+]




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India 2.10 Mar/16
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China 1.80 Jun/16
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Moldova 1.70 Mar/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
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Australia 1.10 Mar/16
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Malaysia 1.00 Mar/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Cyprus 0.90 Mar/16
Mauritius 0.90 Mar/16
Thailand 0.90 Mar/16
Paraguay 0.80 Mar/16
Singapore 0.80 Jun/16
Turkey 0.80 Mar/16
Bulgaria 0.70 Mar/16
Costa Rica 0.70 Dec/15
Denmark 0.70 Mar/16
Germany 0.70 Mar/16
Luxembourg 0.70 Mar/16
New Zealand 0.70 Mar/16
Slovakia 0.70 Mar/16
South Korea 0.70 Jun/16
Spain 0.70 Jun/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Finland 0.60 Mar/16
United Kingdom 0.60 Jun/16
Belgium 0.50 Jun/16
Japan 0.50 Mar/16
Netherlands 0.50 Mar/16
Slovenia 0.50 Mar/16
Czech Republic 0.40 Mar/16
European Union 0.40 Jun/16
Israel 0.40 Mar/16
Latvia 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Euro Area 0.30 Jun/16
Italy 0.30 Mar/16
Malta 0.30 Mar/16
Sweden 0.30 Jun/16
Colombia 0.20 Mar/16
Portugal 0.20 Mar/16
Taiwan 0.15 Jun/16
Jamaica 0.10 Dec/15
Lithuania 0.10 Jun/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
Estonia 0.00 Mar/16
France 0.00 Jun/16
Peru 0.00 Mar/16
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Brazil -0.30 Mar/16
Mexico -0.30 Jun/16
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Argentina -0.70 Mar/16
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16