GDP First Quarterly Estimate, UK: January To March 2022

12th May 2022

UK gross domestic product (GDP) is estimated to have increased by 0.8% in Quarter 1 (Jan to Mar) 2022, and by 8.7% compared with Quarter 1 2021.

In output terms, services increased by 0.4% with the largest contributors from information and communication, accommodation and food, and transportation and storage industries, while there was a decline in wholesale and retail.

In Quarter 1 2022, there was a 0.6% increase in household consumption partially offset by large movements in international trade flows; however, there is some additional uncertainty on the EU trade flows because of recent changes in how some of these data are collated.

The level of quarterly GDP in Quarter 1 2022 is now 0.7% above its pre-coronavirus level (Quarter 4 (Oct to Dec) 2019).

Monthly estimates published today show that GDP rose by 0.7% in January, whereas there was no growth in February 2022 and a fall of 0.1% in March 2022.

Read the full report at
https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpfirstquarterlyestimateuk/januarytomarch2022