UK GDP estimated to have grown 0.7% QoQ, 1.3% YoY in Q1 2025: ONS

Real GDP is estimated to have increased by 1.3 per cent year on year (YoY) in the quarter.

Monthly GDP is estimated to have grown by 0.2 per cent in March this year.

Production grew by 1.1 per cent QoQ in the quarter following consecutive falls in the previous three quarters. Early estimates show 14 out of 20 sub-sectors grew across Q1 2025—up from 13 in the previous quarter.

In expenditure terms, growth in the latest quarter was driven by increases in gross fixed capital formation, net trade and household consumption, an ONS release said.

Nominal GDP is estimated to have increased by 1.6 per cent QoQ in the quarter, mainly driven by an increase in compensation of employees. It is estimated to have increased by 5.8 per cent YoY in the quarter.

Real GDP per head is estimated to have grown by 0.5 per cent in the quarter following two consecutive quarterly falls.

ALCHEMPro News Desk (DS)