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 was estimated to have been flat (0.0% growth) in September to November compared with the previous three-month period (June to August), but to have grown by 0.1% in November compared to October. This followed a fall of 0.1% in September.

The services sector grew by 0.1% in November and construction grew by 0.4%, but production fell by 0.4%.

GDP was flat (growth of 0.0%) in the latest calendar quarter (July to September 2024) compared to the previous three-month period (April to June).

In cash terms, GDP was £2,717 billion in 2023.

GDP growth forecasts

In their October 2024 Economic and fiscal outlook, the Office for Budget Responsibility’s (OBR) GDP growth forecast was 1.1% in 2024 and 2.0% in 2025.

The Treasury’s December 2024 survey of independent forecasts showed an average forecast of 0.9% for 2024 and 1.3% for 2025.

Next updates

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

• ONS, GDP monthly estimate, 13 February 2025

• ONS, GDP first quarterly estimate, 13 February 2025

• ONS, GDP national accounts, 28 March 2025

• HM Treasury, Forecasts for the UK economy, 22 January 2025

• OBR, Economic and fiscal outlook, Spring 2025