UK Economy Grew by 0.8% Annually in 2024

13 February 2025

Monthly real gross domestic product (GDP) is estimated to have grown by 0.4% in December 2024, largely because of growth in the service sector, following an unrevised growth of 0.1% in November 2024.
 
Real GDP is estimated to have grown by 0.1% in the three months to December 2024, compared with the three months to September 2024, mainly because of growth in the services sector.
 
Monthly services output grew by 0.4% in December 2024, following growth of 0.2% in November 2024 (revised up from 0.1% growth in our previous publication), and grew by 0.2% in the three months to December 2024.
 
Annually, output GDP is estimated to have grown by 0.8% in 2024 compared with 2023.
 
Source: Office for National Statistics
Post by: Republic of Türkiye Ministry of Trade