You are here:

House of Commons Library

GDP - International Comparisons: Key Economic Indicators

Published Thursday, February 15, 2018

GDP International Comparisons: data and forecasts for the UK and the world's largest economies.

Jump to full report >>

GDP in the UK grew by 0.5% in Q4 2017 compared with the previous quarter. The US and Eurozone economies saw growth of 0.6% Compared with a year earlier, UK GDP rose 1.5%, while it was 2.5% higher in the US and up 2.7% in the Eurozone.

G7 quarterly GDP growth Q4 2017


On 7 February the European Commission released its new set of forecasts. They reflected the stronger Eurozone economy, with growth for the Eurozone raised to 2.3% in 2018. UK GDP growth forecasts for 2018 were raised slightly to 1.4% from 1.3% previously.

On 22 January the IMF left its 2018 GDP growth forecast for the UK unchanged at 1.5%, but slightly lowered its forecast for 2019 from 1.6% to 1.5%. The IMF raised world growth forecasts, with notable increases in US and Eurozone growth expectations.

 IMF G7 2018 GDP growth forecasts


Commons Briefing papers SN02784

Author: Daniel Harari

Topics: Economic situation, International economic relations, World economy

Share this page

Stay up to date

  • Subscribe to RSS feed Subscribe to Email alerts Commons Briefing papers

House of Commons Library

The House of Commons Library provides research, analysis and information services for MPs and their staff.