2018's final GDP figure is the second lowest reading for the UK economy since it contracted in the fourth quarter of 2012.
The final quarter of 2018's number was only beaten by the 0.1% growth witnessed in the first quarter of last year. Growth in the third quarter of 2018 was 0.6%.
On an annual basis, the ONS said that the economy grew 1.4% in 2018, the lowest growth since 2012.
"GDP slowed in the last three months of the year with the manufacturing of cars and steel products seeing steep falls and construction also declining," the ONS' head of GDP Rob Kent-Smith said in a statement.
"However, services continued to grow with the health sector, management consultants and IT all doing well."
While the quarterly picture is troublingly weak, monthly data for December are even worse, with growth actually shrinking 0.4% in the final month of the year. That may seem like a worrying data point, but Kent-Smith was keen to play down its significance.
"Declines were seen across the economy in December, but single month data can be volatile meaning quarterly figures often give a better indication of the health of the economy," he said.
The central bank lowered its economic growth forecast for the UK in 2019 to just 1.2% last week, which would mark the slowest annual growth since 2009.
"The fog of Brexit is causing short term volatility in economic data, and more fundamentally is creating a series of tensions in the economy," Bank of England Governor Mark Carney said at a press conference.
"Although many companies are stepping up their contingency planning, the economy as a whole is still not yet prepared for a no deal, no transition exit."