Economy of the United Kingdom - Wikipedia
The economy of the United Kingdom is a highly developed social market economy. [25][26][27] It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), tenth-largest by purchasing power parity (PPP), and twentieth by nominal GDP per capita, constituting 3.1% of nominal world GDP. [28] .
The UK economy - Statistics & Facts | Statista
The gross domestic product of the British economy was 2.27 trillion British pounds in 2023 and was the sixth- largest global economy, behind the United States, China, Japan, Germany, and...
UK economy - Financial Times
3 days ago · News and headlines on the state of the UK economy. The latest economic data, reports and updates from the UK, including Budgets and inflation forecasts.
UK set to be the fastest growing European economy – IMF
Jan 19, 2025 · Growth returned to the UK economy for the first time in three months in November, while inflation has slowed and gilt yields started to fall. The IMF expects British gross domestic product (GDP ...
United Kingdom - Economy, Trade, Manufacturing | Britannica
5 days ago · United Kingdom - Economy, Trade, Manufacturing: The United Kingdom has a fiercely independent, developed, and international trading economy that was at the forefront of the 19th-century Industrial Revolution.
Economy - Office for National Statistics
UK economic activity covering production, distribution, consumption, and trade of goods and services. Individuals, businesses, organisations and governments all affect the...
Economic indicators: Key statistics for the UK economy
Dec 23, 2024 · GDP is estimated to have risen by 0.1% in August to October 2024 compared to the previous three-month period (May to July). Eurozone GDP grew by 0.4% in July to September 2024. Services output was up by 1.6% in August to October 2024 compared to the previous year. Manufacturing output fell by 0.3%.
The Economy of the United Kingdom - Investopedia
Aug 11, 2023 · With a gross domestic product (GDP) of $3.07 trillion in 2022 and a population of more than 67 million, the United Kingdom has the sixth-largest economy after the U.S., China, Japan, Germany,...
Gross Domestic Product (GDP) - Office for National Statistics
Annual estimates of economic activity by UK country, region and local area using gross domestic product (GDP). Estimates are available in current market prices and in chained volume measures...
National accounts at a glance - Office for National Statistics
Oct 31, 2024 · Real gross domestic product (GDP) is estimated to have increased by 0.3% in 2023, following a recovery from the impacts of the coronavirus (COVID-19) pandemic over the two previous years (Figure...
How will the UK economy compare to other countries in 2024? - BBC
Rising prices, stagnant incomes, and flatlining growth raising fears of recession: 2023 was tough. But with a pre-Christmas surprise drop in inflation, will the dawning of 2024 - likely to be an...
Strong rebound to British economy ends 'technical recession'
May 10, 2024 · LONDON (AP) — The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession”, official figures showed Friday.
The UK economy: a dashboard
Jan 17, 2024 · This interactive dashboard shows data on economic growth, inflation, trade, employment, government borrowing and debt across the UK. The dashboard allows you to investigate how the UK economy has performed over the past 70 years, including during the coronavirus pandemic.
How fast is the UK's economy growing and what is GDP?
Jan 16, 2025 · It now expects the UK economy will have grown by 0.9% across the year as a whole, down from its previous prediction of 1.1%. That would make it the fourth best performer in the G7 group of rich...
The deep rooted problem holding back the UK economy
Sep 27, 2023 · The UK has an underinvestment crisis, and it affects both the private and the public sector. Why is UK inflation so high? Why does the Bank of England change interest rates?
How will the UK economy compare to other countries in 2024?
Dec 31, 2023 · Rising prices, stagnant incomes, and flatlining growth raising fears of recession: 2023 was tough. But with a pre-Christmas surprise drop in inflation, will the dawning of 2024 - likely to be an...
UK economy - BBC News
Official figures show the economy grew by 0.1% in November, although that was lower than had been expected. How fast is the UK's economy growing? How the health of the UK economy is...
Understanding the UK economy - Office for National Statistics
Jan 15, 2025 · In the latest quarter, there was no growth in the services sector. There was a 0.7% increase in the construction sector, offset by a 0.4% fall in production. GDP increased by 0.9% in Quarter 3...
UK economy just about returns to growth after two months of …
Jan 16, 2025 · UK economy just about returns to growth after two months of contraction. The ONS said the economy was "broadly flat" but pubs, restaurants and IT companies are doing well.
Slow UK growth ticks up in January but price pressures climb, PMI …
2 days ago · S&P Global said its UK services PMI also rose to a three-month high of 51.2, up from December's 51.1. But manufacturing shrank for a fourth month running and factory employers cut jobs at the ...
Britain’s government has spooked markets and riled businesses
Jan 16, 2025 · Businesses are also in a sour mood. One gripe is the main tax rise of the budget: an annual £25bn ($31bn, or 0.9% of GDP) increase to employers’ national insurance, a payroll tax levied on ...
Understanding the UK economy - Office for National Statistics
Jan 17, 2025 · Bringing together the latest data on employment, prices and trade to give an overview of the economy in the UK.
UK economy: Where is the growth in this Budget? - BBC News
Oct 30, 2024 · Over the next two years, yes. But the UK's official independent forecaster's verdict is that all the measures in the Budget do not boost the economy in the next three to five years. The National...
UK faces four years of economic pain because of Labour's budget ...
2 days ago · UK faces four years of economic pain because of Labour's budget, BrewDog co-founder says. James Watt also suggests Britain is work-shy and only hard graft will lead to prosperity, which is lacking ...
IMF predicts UK economy will outpace Germany, France and Italy
Jan 17, 2025 · US and UK are the only nations in the G7 to receive upgrades in latest report
Business insights and impact on the UK economy: 23 January 2025
3 days ago · Economic activity and social change in the UK, real-time indicators: 23 January 2025 Bulletin | Updated frequently Early data on the UK economy and society. These faster indicators are created using rapid response surveys, novel data sources and innovative methods. These are official statistics in development.