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

UK's gross domestic product expanded 0.7 percent quarter-on-quarter in the three months to June of 2016, revised up from 0.6 percent previously estimated and higher than a 0.4 percent gain in the previous period. It was the 14th consecutive quarter of expansion, as household spending and fixed investment were the main drivers of growth, final figures 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
0.70 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-27 08:30 AM Q2 0.6% 0.4% 0.4% 0.4%
2016-08-26 08:30 AM Q2 0.6% 0.4% 0.6% 0.6%
2016-09-30 08:30 AM Q2 0.7% 0.4% 0.6% 0.6%
2016-10-27 08:30 AM Q3 0.7% 0.3%
2016-11-25 09:30 AM Q3 0.7%
2016-12-22 09:30 AM Q3 0.7%

UK GDP Growth Revised Up to 0.7% in Q2


UK's gross domestic product expanded 0.7 percent quarter-on-quarter in the three months to June of 2016, revised up from 0.6 percent previously estimated and higher than a 0.4 percent gain in the previous period. It was the 14th consecutive quarter of expansion, as household spending and fixed investment were the main drivers of growth, final figures showed.

Total domestic expenditure (the sum of all expenditure by UK residents on goods and services that are not used up or transformed in a productive process) increased by 1.4 percent in the second quarter of 2016, accelerating from a 0.1 percent expansion in the previous quarter.


Household final consumption expenditure increased by 0.9 percent (+0.7 percent in Q1), and has increased for 6 consecutive quarters; government final consumption expenditure was flat (+0.4 percent in Q1); and non-profit institutions serving households' final consumption expenditure increased by 1.7 percent (+1.8 percent in Q1). 

Gross fixed capital formation was estimated to have increased by 1.6 percent (-0.1 percent in Q1) and business investment was estimated to have increased by 1 percent (-1.1 percent in Q1). Including the alignment adjustment, the level of inventories increased by £3.0 billion in Quarter 2 2016, following an increase of £1.2 billion in Quarter 1 2016. Excluding the alignment adjustment, the level of inventories increased by £1.1 billion, following an increase of £2.9 billion.

The trade balance deficit widened to £15.7 billion in Quarter 2 2016 from £12.2 billion in the previous period. Exports decreased by 1 percent in the latest quarter (+0.1 percent in Q1), while imports increased by 1.3 percent (+0.2 percent in Q1).

ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/30/2016 9:43:01 AM

United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.40 5.00 -2.70 percent [+]
GDP Annual Growth Rate 2.10 2.00 9.80 -6.10 percent [+]
GDP 2848.76 2990.20 2990.20 72.33 USD Billion [+]
GDP Constant Prices 466790.00 463678.00 466790.00 107263.00 GBP Million [+]
Gross National Product 473198.00 464690.00 473198.00 4748.00 GBP Million [+]
Gross Fixed Capital Formation 78108.00 76899.00 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 3185.00 3217.00 3267.00 2350.00 GBP Million [+]
GDP From Construction 25939.00 25972.00 26013.00 20035.00 GBP Million [+]
GDP From Manufacturing 41356.00 40693.00 43548.00 37451.00 GBP Million [+]
GDP From Mining 7660.00 7450.00 16722.00 6493.00 GBP Million [+]
GDP From Public Administration 19006.00 19115.00 22274.00 18888.00 GBP Million [+]
GDP From Services 331121.00 329241.00 331121.00 171542.00 GBP Million [+]
GDP From Transport 17823.00 17776.00 18739.00 9402.00 GBP Million [+]




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Bangladesh 7.05 Dec/16
Venezuela 6.80 Dec/13
Vietnam 6.40 Sep/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
South Africa 3.30 Jun/16
Sri Lanka 2.60 Jun/16
Paraguay 2.50 Jun/16
Iceland 2.10 Jun/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Hong Kong 1.60 Jun/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
India 1.40 Jun/16
Mongolia 1.40 Jun/16
United States 1.40 Jun/16
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Bahrain 1.20 Jun/16
Ghana 1.10 Mar/16
Hungary 1.00 Jun/16
Israel 1.00 Jun/16
Czech Republic 0.90 Jun/16
Mauritius 0.90 Mar/16
New Zealand 0.90 Jun/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Nigeria 0.82 Jun/16
South Korea 0.80 Jun/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
United Kingdom 0.70 Jun/16
Ireland 0.60 Jun/16
Latvia 0.60 Jun/16
Moldova 0.60 Jun/16
Netherlands 0.60 Jun/16
Switzerland 0.60 Jun/16
Ukraine 0.60 Jun/16
Australia 0.50 Jun/16
Belgium 0.50 Jun/16
Croatia 0.50 Jun/16
Estonia 0.50 Jun/16
Slovenia 0.50 Jun/16
Sweden 0.50 Jun/16
Denmark 0.40 Jun/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Austria 0.30 Jun/16
Cameroon 0.30 Mar/16
Euro Area 0.30 Jun/16
Portugal 0.30 Jun/16
Singapore 0.30 Jun/16
Turkey 0.30 Jun/16
Colombia 0.20 Jun/16
Greece 0.20 Jun/16
Japan 0.20 Jun/16
Lithuania 0.20 Jun/16
Malta 0.20 Jun/16
Tunisia 0.20 Jun/16
Taiwan 0.15 Jun/16
Belize 0.05 Jun/16
Finland 0.00 Jun/16
Italy 0.00 Jun/16
Mozambique 0.00 Jun/16
Norway 0.00 Jun/16
Peru 0.00 Mar/16
Serbia 0.00 Jun/16
Uruguay 0.00 Jun/16
France -0.10 Jun/16
Mexico -0.20 Jun/16
Canada -0.40 Jun/16
Chile -0.40 Jun/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Brazil -0.60 Jun/16
Jamaica -0.60 Mar/16
Botswana -1.30 Jun/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Rwanda -1.40 Jun/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Argentina -2.10 Jun/16
Senegal -2.50 Jun/16
Qatar -2.60 Mar/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16