UK Gross Domestic Product: Regularly updated data on growth and forecasts.Jump to full report >>
The economy grew by 0.5% in Q4 2017 compared to the previous quarter, following growth of 0.4% in Q3 2017.
Compared to the year before, GDP was 1.5% higher in Q4 2017.
GDP has now increased for 20 consecutive quarters and is estimated to have grown by 1.8% in 2017, following growth of 1.9% in 2016.
GDP in cash terms was £1,963 billion in 2016.
At the November 2017 Budget, the Office for Budget Responsibility (OBR) forecast growth of 1.5% in 2017 and 1.4% in 2018.
The Treasury’s January 2018 survey of independent forecasts for GDP growth showed an average forecast of 1.7% for 2017 and 1.4% for 2018.
Commons Briefing papers SN02783
Author: Feargal McGuinness
Topic: Economic situation