Government spending in the United Kingdom was approximately 44.7 percent of GDP in 2024/25, compared with 39.6 percent in 2019/20.

United Kingdom UK: GDP: Real: Gross Value Added at Factor Cost: Industry data was reported at 302,638.130 GBP mn in 2017. This records an increase from the previous number of 293,672.602 GBP mn for 2016. United Kingdom UK: GDP: Real: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 289,900.157 GBP mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 309,940.236 GBP mn in 2007 and a record low of 263,337.754 GBP mn in 1992. United Kingdom UK: GDP: Real: Gross Value Added at Factor Cost: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Gross Domestic Product: Real. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

The UK economy grew by 0.1 percent in the third quarter of 2025, compared with 0.3 percent growth in the previous quarter. After ending 2023 in recession, the UK economy grew strongly in the first half of 2024, growing by 0.8 percent in Q1, and 0.6 percent in Q2, with growth slowing in the second half of the year. In the third quarter of 2020 the UK experienced record setting growth of 16.8 percent, which itself followed the record 20.3 percent contraction in Q2 2020. Growing economy key to Labour's plans Since winning the 2024 general election, the UK's Labour Party have seen their popularity fall substantially. In February 2025, the government's approval rating fell to a low of -54 percent, making them almost as disliked as the Conservatives just before the last election. A string of unpopular policies since taking office have taken a heavy toll on support for the government. Labour hope they can reverse their declining popularity by growing the economy, which has underperformed for several years, and when measured in GDP per capita, fell in 2023, and 2024. Steady labor market trends set to continue? After a robust 2022, the UK labor market remained resilient throughout 2023 and 2024. The unemployment rate at the end of 2024 was 4.4 percent, up from four percent at the start of the year, but still one of the lowest rates on record. While the average number of job vacancies has been falling since a May 2022 peak, there was a slight increase in January 2025 when compared with the previous month. The more concerning aspect of the labor market, from the government's perspective, are the high levels of economic inactivity due to long-term sickness, which reached a peak of 2.84 million in late 2023, and remained at high levels throughout 2024.

Key information about United Kingdom Real GDP Growth

• The Gross Domestic Product (GDP) in United Kingdom expanded 1.3 % YoY in Sep 2025, following a growth of 1.4 % in the previous quarter.
• Real GDP Growth YoY data in UK is updated quarterly, available from Mar 1956 to Sep 2025, with an average rate of -0.4 %.
• The data reached an all-time high of 25.5 % in Jun 2021 and a record low of -21.7 % in Jun 2020.

• In the latest reports, Nominal GDP of UK reached 1,029.9 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 3.7 % in Sep 2025.
• GDP Per Capita in UK reached 53,191.3 USD in Dec 2024.
• Its Gross Savings Rate was measured at 17.5 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 17.9 % in Jun 2025.
• Public Consumption accounted for 21.4 % in Jun 2025.
• Private Consumption accounted for 61.2 % in Jun 2025.

United Kingdom UK: GDP: PPP data was reported at 2,856,703.440 Intl $ mn in 2017. This records an increase from the previous number of 2,798,058.629 Intl $ mn for 2016. United Kingdom UK: GDP: PPP data is updated yearly, averaging 1,847,822.483 Intl $ mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 2,856,703.440 Intl $ mn in 2017 and a record low of 969,455.384 Intl $ mn in 1990. United Kingdom UK: GDP: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; Gap-filled total;

United Kingdom UK: Stocks Traded: Turnover Ratio of Domestic Shares data was reported at 146.431 % in 2008. This records an increase from the previous number of 102.632 % for 2007. United Kingdom UK: Stocks Traded: Turnover Ratio of Domestic Shares data is updated yearly, averaging 40.860 % from Dec 1975 (Median) to 2008, with 34 observations. The data reached an all-time high of 146.431 % in 2008 and a record low of 15.170 % in 1978. United Kingdom UK: Stocks Traded: Turnover Ratio of Domestic Shares data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Financial Sector. Turnover ratio is the value of domestic shares traded divided by their market capitalization. The value is annualized by multiplying the monthly average by 12.; ; World Federation of Exchanges database.; Weighted average; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

United Kingdom UK: GDP: Growth: Gross Value Added: Industry data was reported at 3.053 % in 2017. This records an increase from the previous number of 1.452 % for 2016. United Kingdom UK: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 1.098 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 4.640 % in 2010 and a record low of -10.086 % in 2009. United Kingdom UK: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

United Kingdom UK: GDP: Net Primary Income from Abroad data was reported at 514,937.000 GBP mn in Dec 2018. This records an increase from the previous number of 502,976.000 GBP mn for Sep 2018. United Kingdom UK: GDP: Net Primary Income from Abroad data is updated quarterly, averaging 400,342.000 GBP mn from Mar 1995 (Median) to Dec 2018, with 96 observations. The data reached an all-time high of 514,937.000 GBP mn in Dec 2018 and a record low of 206,005.000 GBP mn in Mar 1995. United Kingdom UK: GDP: Net Primary Income from Abroad data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: by Expenditure: Quarterly.

United Kingdom Money Supply M4: OF: Excl Intermediate Other Financial Corp data was reported at 313,863.000 GBP mn in Sep 2018. This records a decrease from the previous number of 314,692.000 GBP mn for Aug 2018. United Kingdom Money Supply M4: OF: Excl Intermediate Other Financial Corp data is updated monthly, averaging 259,523.000 GBP mn from Jun 2009 (Median) to Sep 2018, with 112 observations. The data reached an all-time high of 334,562.000 GBP mn in May 2018 and a record low of 237,084.000 GBP mn in Dec 2011. United Kingdom Money Supply M4: OF: Excl Intermediate Other Financial Corp data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KA001: Money Stock.

United Kingdom UK: GDP: Real: Net Income from Abroad data was reported at -24,216.015 GBP mn in 2015. This records a decrease from the previous number of -22,371.201 GBP mn for 2014. United Kingdom UK: GDP: Real: Net Income from Abroad data is updated yearly, averaging 13,853.045 GBP mn from Dec 1999 (Median) to 2015, with 17 observations. The data reached an all-time high of 36,765.086 GBP mn in 2005 and a record low of -24,216.015 GBP mn in 2015. United Kingdom UK: GDP: Real: Net Income from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Gross Domestic Product: Real. Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

United Kingdom UK: GDP: Gross National Income data was reported at 2,004,358.000 GBP mn in 2017. This records an increase from the previous number of 1,916,508.000 GBP mn for 2016. United Kingdom UK: GDP: Gross National Income data is updated yearly, averaging 745,110.695 GBP mn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 2,004,358.000 GBP mn in 2017 and a record low of 58,012.724 GBP mn in 1970. United Kingdom UK: GDP: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

United Kingdom UK: GDP: Real: Gross Capital Formation data was reported at 352,224.601 GBP mn in 2017. This records an increase from the previous number of 346,534.956 GBP mn for 2016. United Kingdom UK: GDP: Real: Gross Capital Formation data is updated yearly, averaging 188,636.293 GBP mn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 352,224.601 GBP mn in 2017 and a record low of 99,225.415 GBP mn in 1981. United Kingdom UK: GDP: Real: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Real. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

United Kingdom UK: Ease of Doing Business Index: 1=Most Business-friendly Regulations data was reported at 7.000 NA in 2017. United Kingdom UK: Ease of Doing Business Index: 1=Most Business-friendly Regulations data is updated yearly, averaging 7.000 NA from Dec 2017 (Median) to 2017, with 1 observations. United Kingdom UK: Ease of Doing Business Index: 1=Most Business-friendly Regulations data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Business Environment. Ease of doing business ranks economies from 1 to 190, with first place being the best. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation. The index averages the country's percentile rankings on 10 topics covered in the World Bank's Doing Business. The ranking on each topic is the simple average of the percentile rankings on its component indicators.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; ; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.

United States Exports: 3-Digit: UK: Barley: Unmilled data was reported at 0.000 USD mn in Sep 2018. This records a decrease from the previous number of 0.039 USD mn for Aug 2018. United States Exports: 3-Digit: UK: Barley: Unmilled data is updated monthly, averaging 0.000 USD mn from Jan 1996 (Median) to Sep 2018, with 273 observations. The data reached an all-time high of 1.923 USD mn in Dec 1997 and a record low of 0.000 USD mn in Sep 2018. United States Exports: 3-Digit: UK: Barley: Unmilled data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.JA108: Trade Statistics: United Kingdom: Exports: FAS: SITC.

United Kingdom Total Economy (TE): Uses: Allocations of Primary Income Account (API data was reported at 673,594.000 GBP mn in Mar 2018. This records a decrease from the previous number of 673,744.000 GBP mn for Dec 2017. United Kingdom Total Economy (TE): Uses: Allocations of Primary Income Account (API data is updated quarterly, averaging 420,984.000 GBP mn from Mar 1987 (Median) to Mar 2018, with 125 observations. The data reached an all-time high of 673,744.000 GBP mn in Dec 2017 and a record low of 168,250.000 GBP mn in Mar 1987. United Kingdom Total Economy (TE): Uses: Allocations of Primary Income Account (API data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.AB023: ESA10: Resources and Uses: Total Economy: Primary Income.

United Kingdom UK: General Government: Net Acquisition of Financial Assets: by Instrument: Financial Derivatives data was reported at 983.000 GBP mn in Mar 2018. This records an increase from the previous number of -161.000 GBP mn for Dec 2017. United Kingdom UK: General Government: Net Acquisition of Financial Assets: by Instrument: Financial Derivatives data is updated quarterly, averaging 0.000 GBP mn from Mar 1999 (Median) to Mar 2018, with 77 observations. The data reached an all-time high of 1,363.000 GBP mn in Sep 2017 and a record low of -653.000 GBP mn in Mar 2015. United Kingdom UK: General Government: Net Acquisition of Financial Assets: by Instrument: Financial Derivatives data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.IFS: Government Finance: Operations Statement: Quarterly.

United Kingdom UK: GDP: sa: Exports of Goods and Services data was reported at 617,232.000 GBP mn in 2017. This records an increase from the previous number of 554,738.000 GBP mn for 2016. United Kingdom UK: GDP: sa: Exports of Goods and Services data is updated yearly, averaging 104,055.000 GBP mn from Dec 1955 (Median) to 2017, with 63 observations. The data reached an all-time high of 617,232.000 GBP mn in 2017 and a record low of 4,166.000 GBP mn in 1955. United Kingdom UK: GDP: sa: Exports of Goods and Services data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: by Expenditure: Seasonally Adjusted: Annual.

United Kingdom UK: GDP: Net Income from Abroad data was reported at -23,129.000 GBP mn in 2016. This records an increase from the previous number of -25,746.000 GBP mn for 2015. United Kingdom UK: GDP: Net Income from Abroad data is updated yearly, averaging -234.453 GBP mn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 32,624.000 GBP mn in 2005 and a record low of -25,746.000 GBP mn in 2015. United Kingdom UK: GDP: Net Income from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Nominal. Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

United Kingdom UK: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 1.964 % in 2017. This records a decrease from the previous number of 1.974 % for 2016. United Kingdom UK: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 2.031 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 10.808 % in 1995 and a record low of 0.456 % in 2015. United Kingdom UK: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

United Kingdom E Commerce: 1000+ Employees data was reported at 92.200 % in 2016. This records an increase from the previous number of 87.300 % for 2015. United Kingdom E Commerce: 1000+ Employees data is updated yearly, averaging 85.000 % from Dec 2012 (Median) to 2016, with 5 observations. The data reached an all-time high of 92.200 % in 2016 and a record low of 81.100 % in 2012. United Kingdom E Commerce: 1000+ Employees data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.S039: E Commerce: Proportion of Businesses Using Social Media: By Size of Business.