About This Statistic
This statistic shows the quarterly growth of the real gross domestic product (GDP) in the United Kingdom from the first quarter of 2015 to the first quarter of 2017. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In the fourth quarter of 2016, the seasonally adjusted growth of the real GDP in the United Kingdom increased by 0.7 percent compared to the previous quarter.