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United Kingdom GDP Annual Growth Rate

The United Kingdom's GDP annual growth rate rose to 1.1% in 2024, up from 0.4% in 2023, according to World Bank. This represents an increase of 0.7% from the previous year. The United Kingdom has GDP annual growth rate lower than the global median (1.10% vs median 3.24%). Compared with the median in Europe, the United Kingdom is lower (1.10% vs regional median 2.10%) and ranks 32nd out of 47 countries in Europe.

The United Kingdom's real GDP rose to $3.27 trillion in 2024, up from $3.24 trillion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 1.1%
2023 0.4%
2022 4.84%
2021 8.58%
2020 -10.3%
2019 1.62%
2018 1.41%
2017 2.66%
2016 1.92%
2015 2.22%
2014 3.19%
2013 1.8%
2012 1.51%
2011 1.14%
2010 2.23%
2009 -4.62%
2008 -0.25%
2007 2.62%
2006 2.38%
2005 2.73%
2004 2.46%
2003 3.15%
2002 1.8%
2001 2.57%
2000 4.34%
1999 3.06%
1998 3.4%
1997 4.92%
1996 2.58%
1995 2.53%
1994 3.85%
1993 2.49%
1992 0.4%
1991 -1.1%
1990 0.73%
1989 2.58%
1988 5.73%
1987 5.39%
1986 3.15%
1985 4.15%
1984 2.27%
1983 4.22%
1982 1.99%
1981 -0.79%
1980 -2.03%
1979 3.75%
1978 4.2%
1977 2.46%
1976 2.91%
1975 -1.47%
1974 -2.48%
1973 6.52%
1972 4.32%
1971 3.5%
1970 2.71%
1969 1.94%
1968 5.47%
1967 2.78%
1966 1.57%
1965 2.13%
1964 5.59%
1963 4.86%
1962 1.1%
1961 2.7%
United Kingdom GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in United Kingdom's total economic output.
Indicator Last Value Prior Value Period
GDP $3.64T $3.37T 2024
GDP Growth Rate (QoQ) 0.3% 0.7% Jun'25
GDP Growth Rate (YoY) 1.4% 1.7% Jun'25
GDP per Capita $47,265 $47,251.44 2024
GDP per Capita PPP $52,517.98 $52,502.92 2024
R&D Expenditure (% GDP) 2.9% 2.94% 2021
Real GDP $3.27T $3.24T 2024