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

The British economy expanded 0.4 percent on quarter in the first three months of 2016, slowing from a 0.6 percent growth in the previous period and matching preliminary estimates. Household spending continued to support growth while exports shrank and business investment contracted for the second straight quarter amid uncertain results for the EU Membership referendum. 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
Receive the next reported value for United Kingdom GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.60 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-31 08:30 AM Q4 0.6% 0.4% 0.5% 0.5%
2016-04-27 08:30 AM Q1 0.4% 0.6% 0.4% 0.5%
2016-05-26 08:30 AM Q1 0.4% 0.6% 0.4% 0.4%
2016-06-30 08:30 AM Q1 0.6% 0.4% 0.4%
2016-07-27 08:30 AM Q2 0.3%
2016-08-26 08:30 AM Q2

UK GDP Growth Confirmed at 0.4% QoQ in Q1


The British economy expanded 0.4 percent on quarter in the first three months of 2016, slowing from a 0.6 percent growth in the previous period and matching preliminary estimates. Household spending continued to support growth while exports shrank and business investment contracted for the second straight quarter amid uncertain results for the EU Membership referendum.

Household spending was up 0.7 percent, slightly up from a 0.6 percent growth in the previous quarter and boosted by consumption of housing, water, gas, electricity and other fuels. Government spending also went up at a faster 0.4 percent (0.3 percent in Q4 2015) while consumption of non-profit institutions serving households slowed (0.3 percent from 0.7 percent). 
 
Gross fixed capital formation rebounded and was up 0.5 percent, following a 1.1 percent drop in the last three months of 2015. Investment in transport equipment was the main contributor to the rise (up 31.5 percent) followed by private sector costs of ownership transfer on non-produced assets (up 7.1 percent) that hit the largest level since the second quarter of 2008. However, business investment fell 0.5 percent, following a 2 percent decline in the previous period, reaching the lowest level since the last quarter of 2014.
 
Exports fell back into contraction (-0.3 percent from 0.1 percent in the previous period) and imports rose at a slightly slower 0.8 percent (from 0.9 percent). As a result, the trade deficit widened to GBP 18 billion from GBP 16.4 billion.
 
Year-on-year, the economy expanded 2 percent, lower than a 2.1 percent initial estimate and 2.1 percent in the previous period.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
5/26/2016 10:15:33 AM

United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.60 5.00 -2.70 percent [+]
GDP Annual Growth Rate 2.00 2.10 9.80 -5.90 percent [+]
GDP 2988.89 2712.30 2988.89 72.33 USD Billion [+]
GDP Constant Prices 453065.00 451260.00 453065.00 103840.00 GBP Million [+]
Gross National Product 456188.00 462672.00 462672.00 4726.00 GBP Million [+]
Gross Fixed Capital Formation 76948.00 76559.00 78763.00 13331.00 GBP Million [+]
GDP per capita 40967.70 40199.32 41567.28 13478.88 USD [+]
GDP per capita PPP 37613.54 36908.06 38164.02 26016.61 USD [+]
GDP From Agriculture 2943.00 2953.00 3009.00 2156.00 GBP Million [+]
GDP From Construction 24299.00 24333.00 25502.00 19510.00 GBP Million [+]
GDP From Manufacturing 38443.00 38624.00 41618.00 35763.00 GBP Million [+]
GDP From Mining 7583.00 7815.00 17696.00 6875.00 GBP Million [+]
GDP From Public Administration 18776.00 18788.00 21418.00 18052.00 GBP Million [+]
GDP From Services 323700.00 320602.00 323700.00 162406.00 GBP Million [+]
GDP From Transport 17622.00 17664.00 18468.00 10264.00 GBP Million [+]




Last
Mongolia 7.40 Mar/14
Vietnam 7.01 Dec/15
Venezuela 6.80 Dec/13
Bangladesh 6.51 Dec/15
Namibia 6.00 Jun/15
Senegal 5.40 Dec/15
Angola 4.90 Dec/15
Botswana 4.90 Dec/15
United Arab Emirates 4.60 Dec/14
Cape Verde 4.50 Dec/14
Egypt 4.50 Jun/15
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
Saudi Arabia 3.60 Dec/15
Dominican Republic 3.58 Dec/15
Ireland 2.70 Dec/15
Sri Lanka 2.50 Dec/15
Rwanda 2.35 Dec/15
Uganda 2.10 Dec/15
Peru 1.90 Dec/15
India 1.70 Dec/15
Romania 1.60 Mar/16
El Salvador 1.55 Dec/15
Cameroon 1.50 Sep/15
Tanzania 1.50 Sep/10
Trinidad And Tobago 1.50 Sep/15
Kenya 1.40 Sep/15
Chile 1.30 Mar/16
Ghana 1.30 Dec/15
Sweden 1.30 Dec/15
Kazakhstan 1.26 Dec/13
China 1.10 Mar/16
Luxembourg 1.10 Dec/15
Malta 1.10 Dec/15
Philippines 1.10 Mar/16
Costa Rica 1.04 Sep/15
Malaysia 1.00 Mar/16
Norway 1.00 Mar/16
Cyprus 0.90 Mar/16
New Zealand 0.90 Dec/15
Paraguay 0.90 Dec/15
Thailand 0.90 Mar/16
Lithuania 0.80 Mar/16
Mexico 0.80 Mar/16
Spain 0.80 Mar/16
United States 0.80 Mar/16
Taiwan 0.78 Mar/16
Albania 0.73 Dec/15
Bulgaria 0.70 Mar/16
Germany 0.70 Mar/16
Slovakia 0.70 Mar/16
Turkey 0.70 Dec/15
Australia 0.60 Dec/15
Colombia 0.60 Dec/15
Slovenia 0.60 Dec/15
South Africa 0.60 Dec/15
Argentina 0.50 Jun/15
Czech Republic 0.50 Mar/16
Euro Area 0.50 Mar/16
European Union 0.50 Mar/16
France 0.50 Mar/16
Netherlands 0.50 Mar/16
Austria 0.40 Mar/16
Finland 0.40 Mar/16
Japan 0.40 Mar/16
South Korea 0.40 Mar/16
Switzerland 0.40 Dec/15
Tunisia 0.40 Mar/16
United Kingdom 0.40 Mar/16
Bosnia and Herzegovina 0.30 Dec/15
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Canada 0.20 Dec/15
Israel 0.20 Mar/16
Singapore 0.20 Mar/16
Bahrain 0.10 Dec/15
Denmark 0.10 Dec/15
Ecuador 0.10 Dec/15
Portugal 0.10 Mar/16
Uruguay 0.10 Dec/15
Estonia 0.00 Mar/16
Mauritius 0.00 Dec/15
Serbia 0.00 Dec/15
Latvia -0.10 Mar/16
Moldova -0.10 Dec/15
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Indonesia -0.34 Mar/16
Greece -0.40 Mar/16
Hong Kong -0.40 Mar/16
Croatia -0.50 Dec/15
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
Iceland -1.10 Dec/15
Jamaica -1.20 Sep/15
Brazil -1.40 Dec/15
Mozambique -2.10 Dec/15
Bolivia -9.72 Jun/15
Nigeria -13.70 Mar/16