UK Gross Domestic Product: Regularly updated data on growth and forecasts.Jump to full report >>
The economy grew by 0.4% in April-June 2018 compared to 0.2% in the previous quarter (January-March).
Compared to the year before, GDP was 1.3% higher in April-June 2018. The general trend in GDP over the past few years has been one of slowing growth since 2014.
On a monthly basis, GDP was estimated to have increased by 0.1% in June, following growth of 0.3% in May and 0.2% in April. Monthly data are more volatile than quarterly estimates.
In cash terms, GDP was £2,041 billion in 2017.
The Treasury’s August 2018 survey of independent forecasts for GDP growth showed an average forecast of 1.3% for 2018 and 1.5% for 2019.
At the March 2018 Spring Statement, the Office for Budget Responsibility (OBR) forecast growth of 1.5% in 2018 and 1.3% in 2019.
Commons Briefing papers SN02783
Author: Feargal McGuinness
Topic: Economic situation