Service industries: Economic indicators
The service industries include retail, finance, administration, and other areas. Find the latest data on the activity of the UK services sector.
GDP measures the size of the economy. Find the latest GDP growth data for the UK and comparisons with other G7 economies.
GDP international comparisons: Economic indicators (137 KB , PDF)
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.
In Q3 2024, UK GDP was flat (0.0% growth) compared with the previous quarter (Q2 2024), slower than 0.4% in Q2. GDP growth in the Eurozone was 0.4% in Q3 2024, while US GDP rose by 0.8% over the quarter.
UK GDP in Q3 2024 was 2.9% above its pre-pandemic level of Q4 2019. This compares with Eurozone GDP being 4.6% higher, with GDP in Germany only 0.1% higher. The US had the highest GDP growth among G7 economies over this period at 11.5%.
On 4 December, the OECD published new forecasts for the world economy. The OECD said the global economy had remained resilient in 2024, but “risks are casting a shadow” over the outlook. The OECD lifted its forecast for UK GDP growth in 2025 from 1.2% to 1.7%, boosted by an increase in public spending announced at the Autumn Budget
On 22 October, the IMF published new forecasts for the world economy. The IMF expects global growth to remain stable but underwhelming. Meanwhile, its chief economist said that “it looks like the global battle against inflation has largely been won“. The IMF lifted its forecast for UK GDP growth in 2024 from 0.7% to 1.1%. It left its forecast for UK GDP growth in 2025 unchanged at 1.5%.
This page is updated when new data is published. The next source updates will be:
IMF, World Economic Outlook update, 17 January 2025
OECD, Interim Economic Outlook, February/March 2025
GDP international comparisons: Economic indicators (137 KB , PDF)
The service industries include retail, finance, administration, and other areas. Find the latest data on the activity of the UK services sector.
The UK exports and imports billions of pounds worth of goods and services. Find the latest data on UK trade and the current account.
GDP measures the size of the economy. Find the latest data on the industries and elements that make up the UK’s GDP.