Data summarising the economic situation in the regions and countries of the UK
Documents to download
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GDP - International Comparisons: Key Economic Indicators (107 KB, PDF)
UK GDP fell by 20.4% in Q2 2020, compared with the previous quarter. Eurozone GDP fell by 11.8%, while US GDP declined by 9.1%. In Germany, GDP fell by 9.7%, while in France it declined by 13.8%.
Headline GDP growth figures across countries are not always 100% comparable. For example, during the Covid-19 outbreak, statisticians in different countries have taken different approaches to calculating output in the education and health sectors.
Forecasts
The OECD’s latest forecasts, published 16 September, project a sharp contraction in the world economy in 2020 due to Covid-19. The UK is forecast to see a 10.1% fall in GDP in 2020, with 7.6% growth in 2021.
The IMF’s latest forecasts, published 24 June, also project a large contraction in the world economy in 2020 due to Covid-19. The UK is forecast to see a GDP decline by 10.2% in 2020, with GDP growth of 6.3% in 2021.
Documents to download
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GDP - International Comparisons: Key Economic Indicators (107 KB, PDF)
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International Inflation: Harmonised Index of Comsumer Prices data on international inflation rates.
