UK GDP is estimated to have increased by 0.1% in Q4, unrevised from the first estimate; services sector output increased by 0.1%, construction grew by 0.3% while production fell by 0.4%: ONS

March 31, 2025 (press release) –

Revised quarterly estimate of gross domestic product (GDP) for the UK. Uses additional data to provide a more precise indication of economic growth than the first estimate.

Main points

• UK real gross domestic product (GDP) is estimated to have increased by 0.1% in Quarter 4 (Oct to Dec) 2024, unrevised from the first estimate.
• Looking at the quarters open to revision; real GDP growth is unrevised in five of the eight quarters compared with the first estimate, with growth in Quarter 4 (Oct to Dec) 2023 to Quarter 2 (Apr to June) 2024 each revised up 0.1 percentage points.
• The services sector increased by 0.1% in output terms for Quarter 4 2024; construction also grew, by 0.3%, while production fell by 0.4%.
• Real annual GDP in 2024 is now estimated to have increased by 1.1%, revised up from the first estimate increase of 0.9%, this follows an unrevised increase of 0.4% in 2023.
• Real GDP per head is estimated to have fallen by an unrevised 0.1% in Quarter 4 2024 and showed no growth across all of 2024 (revised up from the first estimate fall of 0.1%).
• This release includes revisions to data from Quarter 1 (Jan to Mar) 2023 to Quarter 4 (Oct to Dec) 2024 because of updated and revised source data, including the full suite of corrected trade in goods and services data (more information is available in Section 4: Expenditure).
• Real households' disposable income (RHDI) per head increased by 1.7% in Quarter 4 2024, up from 0.6% growth in the previous quarter.
• The household saving ratio is estimated at 12.0% in the latest quarter up from 10.3% in Quarter 3 (Jul to Sep) 2024.

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