GDP per capita in United Kingdom
United Kingdom - GDP per capita (U.S. Dollars)
The economy loses momentum in the three months to November
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.2% in November over the prior month in seasonally-adjusted terms, up from October’s 0.1% increase. The quarter-on-quarter expansion for the September-November period was 0.3%, matching market expectations and down from 0.4% growth in the August-October period. Growth in September-November was the slowest in six months, and comes amid sluggish momentum in the rest of the EU and rising uncertainty over Brexit. All in all, the monthly GDP data suggests a notable slowdown in the final quarter of the year.
Looking at a sector-by-sector picture, the slowdown in September-November came on the back of a significant contraction in manufacturing, which was in turn linked to soft car production and a weak pharmaceutical sector. Growth in the services sector was steady, albeit substantially below the highs seen during the summer, while the construction sector continued to perform strongly.
UK GDP Forecast
The Central Bank expects the economy to expand 1.7% in both 2019 and 2020. FocusEconomics panelists see GDP expanding 1.5% in both 2019 and 2020.
United Kingdom - GDP per capita (USD) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| GDP per capita (USD) | 42,783 | 46,855 | 44,340 | 40,535 | 39,761 |
United Kingdom Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.31 | -3.04 % | Jan 16 |
| Exchange Rate | 1.29 | -0.35 % | Jan 16 |
| Stock Market | 6,863 | -0.26 % | Jan 16 |
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Economic News
United Kingdom: Inflation dips in December
January 16, 2019
Consumer prices rose 0.2% in December over the previous month, matching November’s figure.
United Kingdom: Industrial production contracts for third straight month in November
January 11, 2019
Industrial production decreased 0.4% in November over the prior month according to the Office for National Statistics, down from October’s revised 0.5% fall (previously reported: -0.6% month-on-month).
United Kingdom: The economy loses momentum in the three months to November
January 11, 2019
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.2% in November over the prior month in seasonally-adjusted terms, up from October’s 0.1% increase.
United Kingdom: Services growth limp in December, manufacturers increase stocks as Brexit uncertainty rises
January 4, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) ticked up slightly from 50.4 in November to 51.2 in December, overshooting analysts’ expectations.
United Kingdom: Housing market wanes in December
January 4, 2019
According to the Nationwide Building Society (NBS), house prices in the United Kingdom decreased 0.7% in December compared to the previous month in seasonally adjusted terms, contrasting November’s 0.4% uptick.
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