Trend

Economy

GDP

GDP Level

Gross Domestic Product, GDP, is the total value of everything produced in the UK economy in a given period. Every good made, every service sold, every hour worked. It is the single number politicians reach for first when they want to talk about the economy, released every quarter by the ONS, and treated by governments of every stripe as the closest thing economics has to a scoreboard.

LATEST · 2026 Q1£710bn
GROWTH · YOY+0.9%
HIGH · 2026 Q1£710bn
LOW · 2020 Q2£522bn
£500bn£550bn£600bn£650bn£700bn201620182020202220242026
LabourConservativeCoalition

Source: Office for National Statistics

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Inflation

CPI Inflation Rate

The Consumer Prices Index measures how much more expensive everyday life has become compared to a year ago. It tracks a basket of hundreds of goods and services, from bread to broadband, and calculates the average price change. When CPI rises, your money buys less. The Bank of England's target is 2%. When it misses that target upward, interest rates tend to follow.

LATEST · May 20262.8%
AVERAGE3.4%
HIGH · Oct 202211.1%
LOW · Aug 20200.2%
0.0%2.0%4.0%6.0%8.0%10.0%12.0%20182020202220242026
LabourConservativeCoalition

Source: Office for National Statistics

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Productivity

Output per Hour

Productivity measures how much the economy produces for every hour worked. It is the single most important long-run driver of living standards, more than wages, more than employment rates, more than any government policy. The UK's productivity has grown far more slowly since the 2008 financial crisis than in any comparable period in modern history. Economists call it the productivity puzzle. Nobody has fully solved it.

LATEST · 2025 Q499.1
GROWTH · YOY-0.5%
HIGH · 2020 Q3102.9
LOW · 2015 Q492.7
92.094.096.098.0100.0102.0104.020162018202020222024
LabourConservativeCoalition

Source: Office for National Statistics

Recent News · 25