United Kingdom GDP Growth Rate 1955-2014 | Data | Chart | Calendar

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.

   
 
 

United Kingdom GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.80 5.30 -2.50 1955 - 2014 Percent Quarterly
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. Content for - United Kingdom GDP Growth Rate - was last refreshed on Saturday, September 20, 2014.


UK GDP Growth Confirmed at 0.8% in Q2


UK economy expanded by 0.8 percent in Q2 2014, the second consecutive quarter-on-quarter increase of 0.8 percent, unrevised from the preliminary estimate published on July 25th.

Output increased by 1.0 percent in services and by 0.3 percent in production. However, output was flat in construction and decreased by 0.2 percent in agriculture.

In Q2 2014 GDP was estimated to be 0.2 percent above the pre-downturn peak in Q1 2008. From peak to trough in 2009, the economy shrank by 7.2 percent.

GDP was 3.2 percent higher in Q2 2014 compared with the same quarter a year ago, revised from 3.1 percent as published in the preliminary estimate.

ONS | anna@tradingeconomics.com
8/15/2014 9:37:19 AM


Recent Releases

UK GDP Expands 0.8% in Q2
The UK economy advanced 0.8 percent on quarter in the three months to June, the same growth rate recorded in the previous period, driven by the services sector. Preliminary estimates showed the economy is now 0.2 percent bigger than in the first quarter of 2008, its previous peak. Published on 2014-07-25

Investment Drives UK GDP Growth in Q1
The British economy expanded 0.8 percent in the first quarter of 2014, according to final figures and unchanged from the previous estimates, driven by business investment. Year-on-year, the GDP advanced 3 percent, slightly down from a preliminary 3.1 percent estimate. Published on 2014-06-27


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-22 09:30 AM United Kingdom
GDP Growth Rate QoQ - 2 Est
Q1 2014 0.8% 0.7% 0.8% 0.8%
2014-06-27 09:30 AM United Kingdom
GDP Growth Rate QoQ Final
Q1 2014 0.8% 0.7% 0.8% 0.8%
2014-07-25 09:30 AM United Kingdom
GDP Growth Rate QoQ Prel
Q2 2014 0.8% 0.8% 0.8% 0.82%
2014-08-15 09:30 AM United Kingdom
GDP Growth Rate QoQ - 2 Est
Q2 2014 0.8% 0.8% 0.8% 0.8%
2014-09-30 09:30 AM United Kingdom
GDP Growth Rate QoQ Final
Q2 2014 0.8%


GDP Last Previous Highest Lowest Unit
GDP 2522.26 2461.77 2857.08 72.33 USD Billion [+]
GDP Growth Rate 0.80 0.80 5.30 -2.50 Percent [+]
GDP Annual Growth Rate 3.20 3.00 10.20 -6.80 Percent [+]
GDP Constant Prices 393512.00 390389.00 393512.00 88041.00 GBP Million [+]
Gross National Product 408480.00 401631.00 409331.00 4776.00 GBP Million [+]
GDP per capita 37955.11 37569.79 40230.96 13478.93 USD [+]
Gross Fixed Capital Formation 56901.00 55896.00 70435.00 10182.00 GBP Million [+]
GDP per capita PPP 35013.27 34657.81 37112.75 23542.10 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Jun/14 1.10 4.50 -2.00 Percent [+]
Brazil -0.60 Jun/14 -0.20 4.50 -4.20 Percent [+]
Canada 0.80 Jun/14 0.20 3.33 -1.80 Percent [+]
China 2.00 Jun/14 1.50 2.50 1.40 Percent [+]
Euro Area 0.00 Jun/14 0.20 1.30 -2.80 Percent [+]
France 0.00 Jun/14 0.00 1.60 -1.70 Percent [+]
Germany -0.20 Jun/14 0.70 2.10 -3.70 Percent [+]
India 1.20 Jun/14 1.90 5.80 -1.90 Percent [+]
Indonesia 2.47 Jun/14 0.97 3.82 -3.57 Percent [+]
Italy -0.20 Jun/14 -0.10 6.00 -3.50 Percent [+]
Japan -1.80 Jun/14 1.50 3.20 -4.00 Percent [+]
Mexico 1.00 Jun/14 0.44 2.90 -6.60 Percent [+]
Netherlands 0.50 Jun/14 -0.40 2.00 -2.20 Percent [+]
Russia -0.30 Mar/14 0.30 4.10 -5.40 Percent [+]
South Korea 0.50 Jun/14 0.90 6.80 -7.00 Percent [+]
Spain 0.60 Jun/14 0.40 1.53 -1.60 Percent [+]
Switzerland 0.00 Jun/14 0.50 1.90 -2.20 Percent [+]
Turkey -0.50 Jun/14 1.80 6.69 -7.57 Percent [+]
United Kingdom 0.80 Jun/14 0.80 5.30 -2.50 Percent [+]
United States 4.20 Jun/14 -2.10 16.90 -10.00 Percent [+]





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