Labor productivity in the United Kingdom, as measured by output per hour worked, fell 0.8% in the third quarter of 2024, following a 0.2% rise in the previous period, preliminary estimates showed. On a yearly basis, output per hour worked declined 1.8%, after a 0.3% decrease in the prior quarter. The drop was attributed to a 2.8% growth in the number of hours worked, which outpaced the 1% rise in gross value added (GVA). Meanwhile, productivity was 2% above its pre-pandemic levels, driven by a 3.6% increase in GVA since 2019, while the number of hours worked rose by 1.5% over the period. source: Office for National Statistics

Productivity in the United Kingdom decreased to 99.10 points in the third quarter of 2024 from 99.90 points in the second quarter of 2024. Productivity in the United Kingdom averaged 74.86 points from 1971 until 2024, reaching an all time high of 102.20 points in the third quarter of 2020 and a record low of 41.50 points in the first quarter of 1971. This page provides the latest reported value for - United Kingdom Productivity - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Productivity - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Productivity in the United Kingdom decreased to 99.10 points in the third quarter of 2024 from 99.90 points in the second quarter of 2024. Productivity in the United Kingdom is expected to be 102.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Productivity is projected to trend around 102.90 points in 2025 and 103.10 points in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-15 09:30 AM Labour Productivity QoQ Final Q2 0.2% -0.2% 0.3%
2024-11-15 09:30 AM Labour Productivity QoQ Prel Q3 -0.8% 0.2% 0.1%
2025-02-18 09:30 AM Labour Productivity QoQ Prel Q4 102.9%


Related Last Previous Unit Reference
Average Weekly Hours 31.90 32.10 Hours Nov 2024
Claimant Count Change 0.70 -25.10 Thousand Dec 2024
Employed Persons 33783.00 33770.00 Thousand Nov 2024
Employment Change 36.00 173.00 Thousand Nov 2024
Employment Rate 74.80 74.90 percent Nov 2024
Full Time Employment 25364.00 25283.00 Thousand Nov 2024
Job Vacancies 812.00 813.00 Thousand Nov 2024
Labor Force Participation Rate 78.40 78.30 percent Nov 2024
Labour Costs 110.50 110.20 points Jun 2024
HMRC Payrolls Change -46.92 -32.14 Thousand Dec 2024
Part Time Employment 8420.00 8487.00 Thousand Nov 2024
Population 68.27 67.60 Million Dec 2023
Labour Productivity 99.10 99.90 points Sep 2024
Unemployed Persons 1768.50 1768.20 Thousand Nov 2024
Unemployment Rate 4.40 4.30 percent Nov 2024
Average Earnings incl. Bonus (3Mo/Yr) 5.60 5.20 percent Nov 2024
Wages 705.00 708.00 GBP/Week Nov 2024
Wages in Manufacturing 772.00 771.00 GBP/Week Nov 2024
Youth Unemployment Rate 12.80 12.70 percent Nov 2024

United Kingdom Productivity
In the United Kingdom, Productivity is the real value of output produced by a unit of labor during a certain time.
Actual Previous Highest Lowest Dates Unit Frequency
99.10 99.90 102.20 41.50 1971 - 2024 points Quarterly
SA, 2022=100


News Stream
UK Productivity Falls in Q3
Labor productivity in the United Kingdom, as measured by output per hour worked, fell 0.8% in the third quarter of 2024, following a 0.2% rise in the previous period, preliminary estimates showed. On a yearly basis, output per hour worked declined 1.8%, after a 0.3% decrease in the prior quarter. The drop was attributed to a 2.8% growth in the number of hours worked, which outpaced the 1% rise in gross value added (GVA). Meanwhile, productivity was 2% above its pre-pandemic levels, driven by a 3.6% increase in GVA since 2019, while the number of hours worked rose by 1.5% over the period.
2024-11-15
UK Productivity Rebounds in Q2
Labor productivity in the United Kingdom, as measured by output per hour worked, rose 0.3% on quarter in the second quarter of 2024, following a revised 0.2% fall in the previous period and defying market forecasts of a 0.3% drop, preliminary estimates showed. On a yearly basis, output per hour worked decreased 0.1%, after a 0.1% rise in the prior quarter. The drop was attributed to a 1% growth in the number of hours worked, which outpaced the 0.9% rise in gross value added (GVA). Meanwhile, productivity was 2.1% above its pre-pandemic levels, driven by a 2.8% increase in GVA since 2019, while the number of hours worked rose by 0.6% over the period.
2024-08-15
UK Productivity Falls in Q1
Labor productivity in the United Kingdom, as measured by output per hour worked, fell 0.3% on quarter in the first quarter of 2024, following a 0.9% decrease in the previous period, preliminary estimates showed. Compared to the previous year, output per hour worked went up 0.1%. Output per hour worked increased because gross value added (GVA) increased by more (0.2%) than hours worked (0.1%) compared with the same quarter a year ago. Also, productivity is now 1.7% above the pre-coronavirus period, caused by an increase in GVA of 2.0% since 2019, while the number of hours worked increased by 0.3% over the period
2024-05-14