UK real gross domestic product (GDP) is estimated to have increased by 0.1% in Quarter 4 (Oct to Dec) 2024, unrevised from the first estimate, data from the Office for National Statistics showed.

The services sector increased by 0.1% in output terms for Quarter 4 2024; construction also grew, by 0.3%, while production fell by 0.4%.

Real annual GDP in 2024 is now estimated to have increased by 1.1%, revised up from the first estimate increase of 0.9%, this follows an unrevised increase of 0.4% in 2023, ONS said.

Real GDP per head is estimated to have fallen by an unrevised 0.1% in Quarter 4 2024 and showed no growth across all of 2024 (revised up from the first estimate fall of 0.1%).

Real households' disposable income (RHDI) per head increased by 1.7% in Quarter 4 2024, up from 0.6% growth in the previous quarter. The household saving ratio is estimated at 12.0% in the latest quarter up from 10.3% in Quarter 3 (Jul to Sep) 2024.

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