The UK economy shrank by 0.1 percent in September 2025 after reporting zero growth in the previous month. Since a huge decline in GDP in April 2020, the UK economy has gradually recovered and is now slightly larger than it was before the COVID-19 pandemic. After the initial recovery from the pandemic, however, the UK economy has effectively flatlined, fluctuating between low growth and small contractions since 2022. Labour banking on growth to turn around fortunes in 2025 In February 2025, just over half a year after winning the last general election, the approval rating for the new Labour government fell to a low of -48 percent. Furthermore, the Prime Minister, Keir Starmer was not only less popular than the new Conservative leader, Kemi Badenoch, but also the leader of the Reform Party, Nigel Farage, whose party have surged in opinion polls recently. This remarkable decline in popularity for the new government is, in some part, due to a deliberate policy of making tough decisions early. Arguably, the most damaging of these policies was the withdrawal of the winter fuel allowance for some pensioners, although other factors such as a controversy about gifts and donations also hurt the government. While Labour aims to restore the UK's economic and political credibility in the long term, they will certainly hope for some good economic news sooner rather than later. Economy bounces back in 2024 after ending 2023 in recession Due to two consecutive quarters of negative economic growth, in late 2023 the UK economy ended the year in recession. After not growing at all in the second quarter of 2023, UK GDP fell by 0.1 percent in the third quarter, and then by 0.3 percent in the last quarter. For the whole of 2023, the economy grew by 0.4 percent compared to 2022, and for 2024 is forecast to have grown by 1.1 percent. During the first two quarters of 2024, UK GDP grew by 0.7 percent, and 0.4 percent, with this relatively strong growth followed by zero percent growth in the third quarter of the year. Although the economy had started to grow again by the time of the 2024 general election, this was not enough to save the Conservative government at the time. Despite usually seen as the best party for handling the economy, the Conservative's economic competency was behind that of Labour on the eve of the 2024 election.

The Gross Domestic Product (GDP) in the United Kingdom expanded 0.10 percent in the third quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United Kingdom GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The UK economy grew by 0.1 percent in the third quarter of 2025, compared with 0.3 percent growth in the previous quarter. After ending 2023 in recession, the UK economy grew strongly in the first half of 2024, growing by 0.8 percent in Q1, and 0.6 percent in Q2, with growth slowing in the second half of the year. In the third quarter of 2020 the UK experienced record setting growth of 16.8 percent, which itself followed the record 20.3 percent contraction in Q2 2020. Growing economy key to Labour's plans Since winning the 2024 general election, the UK's Labour Party have seen their popularity fall substantially. In February 2025, the government's approval rating fell to a low of -54 percent, making them almost as disliked as the Conservatives just before the last election. A string of unpopular policies since taking office have taken a heavy toll on support for the government. Labour hope they can reverse their declining popularity by growing the economy, which has underperformed for several years, and when measured in GDP per capita, fell in 2023, and 2024. Steady labor market trends set to continue? After a robust 2022, the UK labor market remained resilient throughout 2023 and 2024. The unemployment rate at the end of 2024 was 4.4 percent, up from four percent at the start of the year, but still one of the lowest rates on record. While the average number of job vacancies has been falling since a May 2022 peak, there was a slight increase in January 2025 when compared with the previous month. The more concerning aspect of the labor market, from the government's perspective, are the high levels of economic inactivity due to long-term sickness, which reached a peak of 2.84 million in late 2023, and remained at high levels throughout 2024.

The Gross Domestic Product (GDP) in the United Kingdom was worth 3643.83 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United Kingdom represents 3.43 percent of the world economy. This dataset provides the latest reported value for - United Kingdom GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Overview with Chart & Report: United Kingdom Gross Domestic Product q/q is the key indicator of the national economy growth. The index shows changes in the market value of goods and services produced in the country in the given

The statistic shows GDP per capita in the United Kingdom from 1987 to 2020, with projections up until 2030. In 2020, GDP per capita in the United Kingdom was at around 40,230.55 US dollars. The same year, the total UK population amounted to about 67.26 million people. The United Kingdom is among the leading countries in a world GDP ranking.Falling unemployment in a time of recessionGDP is a useful indicator when it comes to measuring the state of a nation’s economy. GDP is the market value of all final goods and services produced within a country in a given period of time, usually a year. GDP per capita equals exactly the GDI (gross domestic income) per capita and is not a measure of an individual’s personal income.As can be seen clearly in the statistic, gross domestic product (GDP) per capita in the United Kingdom is beginning to increase, albeit not to pre-recession levels. The UK is beginning to see signs of an economic recovery, though as of yet it remains unclear what sort of recovery this is. Questions have been raised as to whether the growth being seen is the right sort of growth for a well balanced recovery across the necessary sectors. An interesting oddity occurred in the United Kingdom for nine months in 2012, which saw a decreasing unemployment occurring at the same time as dip in nationwide economic productivity. This seems like good - if not unusual - news, but could be indicative of people entering part-time employment. It could also suggest that labor productivity is falling, meaning that the UK would be less competitive as a nation. The figures continue to rise, however, with an increase in employment in the private sector. With the rate of inflation in the UK impacting everyone’s daily lives, it is becoming increasingly difficult for vulnerable groups to maintain a decent standard of living.

Leading Economic Index the United Kingdom increased 0.10 percent in September of 2025 over the same month in the previous year. This dataset provides - United Kingdom Monthly GDP- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in the United Kingdom expanded 1.30 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Economic Activity Index in the United Kingdom decreased to 6.90 percent in August from 8.80 percent in July of 2021. This dataset provides - United Kingdom GDP YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in the United Kingdom was last recorded at 47265 US dollars in 2024. The GDP per Capita in the United Kingdom is equivalent to 374 percent of the world's average. This dataset provides the latest reported value for - United Kingdom GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP from Services in the United Kingdom increased to 515505 GBP Million in the third quarter of 2025 from 514541 GBP Million in the second quarter of 2025. This dataset provides - United Kingdom Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom GDP: 2016p: HCE: Domestic: RC: NB: Newspaper & Periodicals data was reported at 850.000 GBP mn in Jun 2018. This records an increase from the previous number of 823.000 GBP mn for Mar 2018. United Kingdom GDP: 2016p: HCE: Domestic: RC: NB: Newspaper & Periodicals data is updated quarterly, averaging 1,907.500 GBP mn from Mar 1985 (Median) to Jun 2018, with 134 observations. The data reached an all-time high of 2,399.000 GBP mn in Mar 1990 and a record low of 823.000 GBP mn in Mar 2018. United Kingdom GDP: 2016p: HCE: Domestic: RC: NB: Newspaper & Periodicals data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.A013: ESA 2010: GDP: Household Consumption Expenditure: Chain Linked: 2016 Prices.

GDP from Manufacturing in the United Kingdom decreased to 56473 GBP Million in the third quarter of 2025 from 56909 GBP Million in the second quarter of 2025. This dataset provides - United Kingdom Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom GDP: CL: 2008p: HCE: Domestic: RC: NB: Newspaper & Periodicals data was reported at 939.000 GBP mn in Mar 2012. This records an increase from the previous number of 881.000 GBP mn for Dec 2011. United Kingdom GDP: CL: 2008p: HCE: Domestic: RC: NB: Newspaper & Periodicals data is updated quarterly, averaging 1,267.000 GBP mn from Mar 1997 (Median) to Mar 2012, with 61 observations. The data reached an all-time high of 1,543.000 GBP mn in Sep 2000 and a record low of 881.000 GBP mn in Dec 2011. United Kingdom GDP: CL: 2008p: HCE: Domestic: RC: NB: Newspaper & Periodicals data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.A068: ESA 1995: GDP: Household Consumption Expenditure: Chain Linked: 2008 Prices: SIC 2007.

United Kingdom (DC)GDP: HCE: Domestic: RC: NB: Newspaper & Periodicals data was reported at 1,027.000 GBP mn in Mar 2011. This records a decrease from the previous number of 1,041.000 GBP mn for Dec 2010. United Kingdom (DC)GDP: HCE: Domestic: RC: NB: Newspaper & Periodicals data is updated quarterly, averaging 649.000 GBP mn from Mar 1963 (Median) to Mar 2011, with 193 observations. The data reached an all-time high of 1,152.000 GBP mn in Mar 2004 and a record low of 55.000 GBP mn in Jun 1963. United Kingdom (DC)GDP: HCE: Domestic: RC: NB: Newspaper & Periodicals data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.A065: ESA 1995: GDP: Household Consumption Expenditure: Current Prices (Discontinued).

GDP Constant Prices in the United Kingdom increased to 706062 GBP Million in the third quarter of 2025 from 705486 GBP Million in the second quarter of 2025. This dataset provides the latest reported value for - United Kingdom GDP Constant Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP from Mining in the United Kingdom decreased to 6621 GBP Million in the third quarter of 2025 from 6721 GBP Million in the second quarter of 2025. This dataset provides - United Kingdom Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom GDP: CL 2015p: HCE: Domestic: RC: NB: Newspaper & Periodicals data was reported at 833.000 GBP mn in Mar 2018. This records a decrease from the previous number of 838.000 GBP mn for Dec 2017. United Kingdom GDP: CL 2015p: HCE: Domestic: RC: NB: Newspaper & Periodicals data is updated quarterly, averaging 1,864.000 GBP mn from Mar 1985 (Median) to Mar 2018, with 133 observations. The data reached an all-time high of 2,305.000 GBP mn in Mar 1990 and a record low of 833.000 GBP mn in Mar 2018. United Kingdom GDP: CL 2015p: HCE: Domestic: RC: NB: Newspaper & Periodicals data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.A015: ESA 2010: GDP: Household Consumption Expenditure: Chain Linked: 2015 Prices.