UK Shows Economic Growth in Fourth Quarter

31 March 2022

UK gross domestic product (GDP) is estimated to have increased by 1.3% in Quarter 4 (Oct to Dec) 2021, upwardly revised from the first quarterly estimate of a 1.0% increase. The level of GDP is now 0.1% below where it was pre-coronavirus (COVID-19) at Quarter 4 2019, revised from the previous estimate of 0.4% below.

There was a marked increase in output for human health and social work activities (4.3%) in Quarter 4 2021. There was also strong growth of 4.3% across the professional, scientific and technical activities sector. The household saving ratio decreased to 6.8% in Quarter 4 2021 compared with 7.5% in Quarter 3 2021.

Source:  Office for National Statistics
Post by: Republic of Turkiye Ministry of Trade