The UK's GDP for the fourth quarter of 2025 saw a 0.1% increase, following a 0.1% rise in the previous quarter. This growth is reflected in a 1.0% increase in GDP compared to the same quarter a year ago. The output-based growth was primarily driven by a 1.2% increase in production, while construction saw a 2.1% decline and services showed no growth. Annually, GDP grew by 1.3% in 2025, following a 1.1% growth in 2024. Real GDP per head, however, saw a 0.1% decrease for the second consecutive quarter, but was 0.6% higher compared to the same quarter a year ago. Annual real GDP per head increased by 1.0% in 2025, following no growth in 2024. This bulletin includes revisions to data from Quarter 1 to Quarter 3 of 2025, aligning with the National Accounts Revisions Policy. Early GDP estimates are subject to revisions, with a mean absolute revision of 0.28 percentage points between the first quarterly estimate and the estimate three years later. Revisions are made when more detailed information becomes available through the comprehensive annual supply and use balancing process. The GDP growth vintages from 2024 onwards are detailed in Table 4, with more information on uncertainty provided in Section 11. The implied GDP deflator, a broad measure of inflation, grew by 3.2% in Quarter 4 2025, primarily driven by household expenditure, gross capital formation, general government, and exports. The services sector saw revisions due to late responses and updates in Monthly Business Survey returns, retail trade updates, and a review of seasonal adjustment models. The production sector's growth was mainly due to manufacturing and electricity, gas, steam, and air conditioning supply. Construction output fell by 2.1% in Quarter 4 2025. Expenditure grew by 0.1% in Quarter 4 2025, driven by increases in gross capital formation, household consumption, and government consumption. Household final consumption expenditure increased by 0.2%, while real government consumption expenditure grew by 0.4%. Gross capital formation saw a 0.1% fall, with business investment down by 2.7%. Net trade, excluding non-monetary gold, saw a 0.5% deficit in Quarter 4 2025. Export volumes fell by 0.6%, while import volumes increased by 0.8%. Nominal GDP grew by 0.6% in Quarter 4 2025, driven by an increase in compensation of employees. Compensation of employees increased by 1.4%, with employers' social contributions and wages and salaries both rising. Other income increased by 0.5%, and taxes less subsidies fell by 0.5%. Gross operating surplus of corporations grew by 1.7% in 2025. Real GDP per head fell by 0.1% in Quarter 4 2025 but was 0.6% higher compared to the same quarter a year ago. The GDP implied deflator grew by 3.2% in Quarter 4 2025, primarily driven by household expenditure, gross capital formation, general government, and exports. The services sector saw revisions due to late responses and updates in Monthly Business Survey returns, retail trade updates, and a review of seasonal adjustment models. The production sector's growth was mainly due to manufacturing and electricity, gas, steam, and air conditioning supply. Construction output fell by 2.1% in Quarter 4 2025. The UK's trade deficit for goods and services is estimated at 2.0% of nominal GDP in Quarter 4 2025, excluding non-monetary gold. Excluding non-monetary gold, the trade deficit is estimated at 0.5% of nominal GDP in Quarter 4 2025. Export volumes fell by 0.6%, while import volumes increased by 0.8%. The GDP implied deflator grew by 3.2% in Quarter 4 2025, primarily driven by household expenditure, gross capital formation, general government, and exports. The services sector saw revisions due to late responses and updates in Monthly Business Survey returns, retail trade updates, and a review of seasonal adjustment models.
