GDP international comparisons: 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.

Latest GDP data

In Q4 2024, UK GDP grew by 0.1% compared with the previous quarter (Q3 2024), following no growth (0.0%) in Q3. GDP in the Eurozone was up by 0.2% in Q4 2024, while US GDP rose by 0.6% over the quarter.

Source: OECD data explorer, Quarterly real GDP growth of G7 

GDP growth in recent years

UK GDP in Q4 2024 was 3.4% above its pre-pandemic level of Q4 2019. This compares with Eurozone GDP being 4.9% higher, with GDP in Germany 0.1% lower. The US had the highest GDP growth among G7 economies over this period at 12.2%. 

Source: Calculations based on OECD data explorer, Quarterly GDP level of G7 and Eurozone

OECD and IMF forecasts

On 22 April, the IMF published new forecasts for the world economy. The IMF downgraded its global growth forecasts due to higher US tariffs and increased uncertainty. It also raised its inflation forecasts. The IMF lowered its forecast for UK GDP growth in 2025 from 1.6% to 1.1%, citing some negative impact from tariffs and some from UK-specfic factors.

On 17 March, the OECD published new forecasts for the world economy. The OECD noted that significant changes in trade policies, referring mostly to US tariffs, could hit global growth if sustained. It also observed that inflationary pressures continue to linger. The OECD lowered its forecast for UK GDP growth in 2025 from 1.7% to 1.4%. 

Next updates

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

• OECD, data table showing latest GDP growth data for G7, updated frequently

• IMF, World Economic Outlook update, July 2025

• OECD, Economic Outlook, June 2025