Gross domestic product (GDP): Economic indicators

Economic indicators are quick-read summaries of the latest data focusing on different aspects of the UK economy. The full suite of indicators can be found on the main Economic Indicators page.

GDP is estimated to have grown by 0.7% in January-March 2025 (Quarter 1) compared to the previous three-month period (October to December 2024). This followed growth of 0.1% in October-December.

The services sector grew by 0.7% in Quarter 1 and production grew by 1.1%, while there was no growth (0.0%) in construction.

GDP is estimated to have grown by 0.2% in March compared to February, following growth of 0.5% in February.

The services sector grew by 0.4% in March and construction grew by 0.5%, but production fell by 0.7%.

In cash terms, GDP was £2,851 billion in 2024.

GDP growth forecasts

In their March 2025 Economic and fiscal outlook, the Office for Budget Responsibility’s (OBR) GDP growth forecast was 1.0% in 2025 and 1.9% in 2026.

The Treasury’s May 2025 survey of independent forecasts showed an average forecast of 1.0% for 2025 and 1.1% for 2026.

Next updates

This page is updated when new data is published. The next source updates will be:

• ONS, GDP monthly estimate, 12 June 2025

• ONS, GDP first quarterly estimate, 14 August 2025

• ONS, GDP national accounts, 30 June 2025

• HM Treasury, Forecasts for the UK economy, 18 June 2025

• OBR, Economic and fiscal outlook, October 2025