Estimates of economic activity within the countries of the UK and the nine English regions for October to December 2020.
Gross domestic product (GDP) measures the value of goods and services produced in the UK. It estimates the size of and growth in the economy.
These are experimental statistics and should be treated with caution. The data can be volatile, and quarterly movements should normally be considered alongside the long-term trend.
Change over the quarter
GDP in Wales increased by 0.9% in quarter 4 (October to December) 2020 compared with the previous quarter (July to September 2020).
This is the second smallest increase of the UK countries. It follows record growth in quarter 3, 2020 as the economy saw some recovery from the large falls in quarter 2 at the start of the pandemic.
The Office for National Statistics have paused updating the time series between Quarter 1 2012 and Quarter 3 2020 to focus on developing methods to improve data quality and minimise the frequency of revisions.
As a result, data within this release have been updated to include Quarter 4 (October to December) 2020 but do not include any revisions to earlier data periods, including alignment to recently published Annual Regional Accounts or Quarterly National Accounts. As such, the commentary has been limited to quarter-on-quarter changes from Quarter 3 2020 to Quarter 4 2020.
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