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United Kingdom Monthly Gross Domestic Product (GDP) Year-over-Year (YoY)

Price

1.1 %
Change +/-
+0.2 %
Percentage Change
+20.00 %

The current value of the Monthly Gross Domestic Product (GDP) Year-over-Year (YoY) in United Kingdom is 1.1 %. The Monthly Gross Domestic Product (GDP) Year-over-Year (YoY) in United Kingdom increased to 1.1 % on 8/1/2024, after it was 0.9 % on 7/1/2024. From 1/1/1998 to 9/1/2024, the average GDP in United Kingdom was 1.85 %. The all-time high was reached on 4/1/2021 with 29.9 %, while the lowest value was recorded on 4/1/2020 with -24.5 %.

Source: Office for National Statistics

Monthly Gross Domestic Product (GDP) Year-over-Year (YoY)

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Monthly GDP YoY

Monthly Gross Domestic Product (GDP) Year-over-Year (YoY) History

DateValue
8/1/20241.1 %
7/1/20240.9 %
6/1/20240.5 %
5/1/20241.2 %
4/1/20240.5 %
3/1/20240.7 %
1/1/20240.1 %
9/1/20230.8 %
8/1/20230.2 %
7/1/20230.2 %
1
2
3
4
5
...
29

Similar Macro Indicators to Monthly Gross Domestic Product (GDP) Year-over-Year (YoY)

NameCurrentPreviousFrequency
🇬🇧
Annual GDP Growth Rate
0.7 %0.3 %Quarter
🇬🇧
GDP
3.34 T USD3.089 T USDAnnually
🇬🇧
GDP at constant prices
640.002 B GBP639.095 B GBPQuarter
🇬🇧
GDP from Agriculture
4.242 B GBP4.195 B GBPQuarter
🇬🇧
GDP from Construction
35.163 B GBP35.238 B GBPQuarter
🇬🇧
GDP from Manufacturing
51.336 B GBP51.688 B GBPQuarter
🇬🇧
GDP from Mining
3.301 B GBP3.374 B GBPQuarter
🇬🇧
GDP from Public Administration
29.527 B GBP29.322 B GBPQuarter
🇬🇧
GDP from Services
461.233 B GBP458.33 B GBPQuarter
🇬🇧
GDP from the Transportation Sector
21.198 B GBP21.276 B GBPQuarter
🇬🇧
GDP Growth for the Full Year
0.1 %4.3 %Annually
🇬🇧
GDP Growth Rate
0.7 %-0.3 %Quarter
🇬🇧
GDP per capita
47,005.12 USD47,343.47 USDAnnually
🇬🇧
GDP per capita PPP
54,126.14 USD54,515.75 USDAnnually
🇬🇧
Gross Capital Expenditure
113.833 B GBP113.179 B GBPQuarter
🇬🇧
Gross National Income
668.636 B GBP671.335 B GBPQuarter
🇬🇧
Monthly GDP MoM
0 %0.4 %Monthly

Gross Domestic Product (GDP) quantifies the value of goods and services produced within the United Kingdom. The measurement indicates the year-on-year growth rate.

What is Monthly Gross Domestic Product (GDP) Year-over-Year (YoY)?

At Eulerpool, we pride ourselves on providing extensive macroeconomic data to help economists, analysts, investors, and policymakers make well-informed decisions. One of the critical metrics we offer in our array of comprehensive economic indicators is the "Monthly GDP YoY" (Gross Domestic Product Year-over-Year) data. Understanding this measure is paramount for anyone engaged in economic forecasting, policy assessment, or investment strategies. Monthly GDP Year-over-Year data is an essential economic indicator that compares a country's gross domestic product for a given month with the same month in the preceding year. This metric provides invaluable insights into the economy's growth trajectory, allowing analysts to discern whether economic activity is accelerating or decelerating over a 12-month period. By focusing on Year-over-Year growth, this measure smooths out seasonal variations and offers a clearer picture of underlying economic trends. GDP, or Gross Domestic Product, represents the total market value of all finished goods and services produced within a country's borders during a specific period. It is a comprehensive measure of national economic activity and is widely regarded as an indicator of the health of an economy. By monitoring the Year-over-Year change in monthly GDP, analysts at Eulerpool can capture the pace of economic growth and identify potential turning points in the economic cycle. When interpreting Monthly GDP YoY data, it is crucial to contextualize the numbers within the broader economic landscape. For instance, a positive Year-over-Year change in GDP usually signifies aggregate economic expansion, reflecting higher consumer spending, increased business investment, improved industrial activity, and enhanced governmental expenditures. Conversely, a negative Year-over-Year change often points to a contraction in economic activities, raising concerns about potential recessions, diminished consumer confidence, reduced corporate earnings, and possible declines in employment levels. A detailed analysis of Monthly GDP YoY enables stakeholders to break down the growth into various contributing factors. Analysts might dissect the data further into components such as consumer spending, business investments, government expenditures, and net exports to identify which sectors are driving growth and which are lagging. This granular analysis can help businesses and governments to tailor strategic measures aimed at fostering robust and sustainable growth. Moreover, understanding the nuances in Monthly GDP YoY data can be instrumental for central banks and monetary policy authorities. Central banks, such as the Federal Reserve in the United States or the European Central Bank in the Eurozone, closely monitor GDP growth as part of their mandate to maintain economic stability. Accelerating GDP growth may prompt central banks to raise interest rates to cool down an overheating economy and curb inflationary pressures. Conversely, slowing GDP growth may lead to interest rate cuts or other accommodative monetary measures to stimulate the economy. From an investment perspective, Monthly GDP YoY data provides a wealth of actionable insights. Investors use GDP trends to gauge the overall economic environment and make informed decisions about asset allocation. In periods of robust economic growth, equity markets typically perform well, and investors might prefer growth-oriented stocks. On the other hand, during economic downturns, investors might look to defensive stocks or safe-haven assets like gold and government bonds to preserve capital. At Eulerpool, we ensure that the Monthly GDP YoY data we present is meticulously sourced and promptly updated. Our data is derived from national statistical agencies, international institutions like the International Monetary Fund (IMF) and the World Bank, and other reliable sources. By providing accurate and up-to-date information, we empower our users to analyze GDP data with confidence and draw meaningful insights. Beyond merely displaying numbers, Eulerpool offers analytical tools and visualization options to present Monthly GDP YoY data in an intuitive and user-friendly manner. Users can access historical trends, compare data across different countries and regions, and generate custom reports tailored to their specific requirements. These features enhance the usability of our platform and enable our users to conduct in-depth analyses with ease. Understanding global economic patterns through Monthly GDP YoY also lays the foundation for evaluating cross-border trade and investment opportunities. For instance, an investor considering portfolio diversification into emerging markets would find the Year-over-Year GDP growth data invaluable in identifying countries with strong economic momentum. Similarly, multinational corporations can use this data to strategize their market entry or expansion plans by targeting economies displaying robust year-over-year growth. Furthermore, policymakers rely on Monthly GDP YoY data to assess the effectiveness of ongoing economic policies and to make informed decisions about future initiatives. For example, a government that observes consistent negative Year-over-Year GDP growth might implement fiscal stimulus measures to invigorate the economy. Conversely, sustained positive growth might lead to considerations for policy normalization and budgetary consolidations. In summary, the Monthly GDP YoY data on Eulerpool is a cornerstone of macroeconomic analysis, offering indispensable insights into a nation’s economic health. It allows for a thorough examination of growth trends, helps distinguish cyclical patterns from structural changes, and provides a robust framework for strategic economic planning and decision-making. By presenting this data in a clear, accessible, and insightful manner, Eulerpool stands as a trusted partner for all your macroeconomic research needs. Whether you are an economist, analyst, investor, or policymaker, our platform equips you with the necessary tools to navigate the complex and dynamic world of economic performance assessment. We invite you to explore the rich repository of macroeconomic data on Eulerpool, where the Monthly GDP YoY data serves as a vital resource for your analytical and strategic endeavors. With our commitment to quality, accuracy, and user-friendliness, we are here to support your pursuit of economic excellence and informed decision-making.