How fast is the UK’s economy growing and what is GDP?

The latest monthly figures show that GDP grew by 0.1% in November, partly driven by better trading for pubs, restaurants and the construction industry.

This was the first growth for three months after the economy shrank in both September and October, but was lower than economists had expected.

In December 2024, the influential think tank the Organisation for Economic Co-operation and Development (OECD) cut its growth forecast for the UK for 2024.

It now expects the UK economy will have grown by 0.9% across the year as a whole, down from its previous prediction of 1.1%.

That would make it the fourth best performer in the G7 group of rich nations, according to the OECD, external, behind the US, Canada and France, but ahead of Italy, Germany and Japan.

However, economic forecasts are not always accurate.