GDP Increased By An Estimated 7.5% In 2021, Following A 9.4% Fall In 2020

11th February 2022

From the Office for National Statistics published on 11 February 2022.

UK gross domestic product (GDP) is estimated to have increased by 1.0% in Quarter 4 (Oct to Dec) 2021, following a downwardly revised 1.0% increase in Quarter 3 (July to Sept).

In output terms, the largest contributors to this quarterly increase were from human health and social work activities driven by increased GP visits at the start of the quarter, and a large increase in coronavirus (COVID-19) testing and tracing activities and the extension of the vaccination programme.

In Quarter 4 2021, excluding non-monetary gold in net trade, household consumption made the largest positive contribution to growth.

The level of quarterly GDP in Quarter 4 2021 is now 0.4% below its pre-coronavirus level (Quarter 4 2019).

Monthly estimates published today show that GDP fell by 0.2% in December 2021 but is at its pre-coronavirus level (February 2020).

GDP increased by an estimated 7.5% in 2021, following a 9.4% fall in 2020.

Read the full report HERE