UK Gross Domestic Product: Regularly updated data on growth and forecasts.
Gross Domestic Product (GDP): Key Economic Indicators (93 KB , PDF)
GDP grew by 2.9% in June-August 2021 compared to the previous three-month period (March-May), and grew by 0.4% in August 2021 compared to July. This followed a fall of 0.1% in July compared to June. August GDP remained 0.8% below pre-pandemic levels in February 2020.
The services sector grew by 0.3% in August, while production increased by 0.8% and construction fell by 0.2%. All are below pre-pandemic February 2020 levels, by 0.6% for services, 1.3% for production and 1.5% for construction.
In the latest calendar quarter (April-June 2021), GDP increased by 5.5% compared to the previous quarter. This was revised from the initial estimate of a 4.8% increase in the quarterly national accounts.
In cash terms, GDP was £2,156 billion in 2020.
In their March 2021 Economic and fiscal outlook, the Office for Budget Responsibility’s (OBR) forecast was 4.0% in 2021 and 7.3% in 2022.
The Treasury’s October 2021 survey of independent forecasts showed an average forecast of 7.0% for 2021 and 5.0% for 2022.
Gross Domestic Product (GDP): Key Economic Indicators (93 KB , PDF)
Business and Consumer Confidence: Information on business and consumer confidence surveys, which is generally released ahead of official statistical data and can indicate changes to the economic outlook as well as turning points in the economic cycle.
Service industries: Data for the sector that incorporates the retail sector, the financial sector, the public sector, business administration and cultural activities.
Inflation: Data on both the CPI and RPI inflation indices.
