The gross domestic product of the United Kingdom was around 2.56 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.54 trillion pounds. The significant drop in GDP visible in 2020 was due to the COVID-19 pandemic, with the smaller declines in 2008 and 2009 because of the global financial crisis of the late 2000s. Low growth problem in the UK Despite growing by 0.9 percent in 2024, and 0.4 percent in 2023 the UK economy is not that much larger than it was before the COVID-19 pandemic. Since recovering from a huge fall in GDP in the second quarter of 2020, the UK economy has alternated between periods of contraction and low growth, with the UK even in a recession at the end of 2023. While economic growth picked up somewhat in 2024, GDP per capita is lower than it was in 2022, following two years of negative growth. UK's global share of GDP falling As of 2024, the UK had the sixth-largest economy in the world, behind the United States, China, Japan, Germany, and India. Among European nations, this meant that the UK currently has the second-largest economy in Europe, although the economy of France, Europe's third-largest economy, is of a similar size. The UK's global economic ranking will likely fall in the coming years, however, with the UK's share of global GDP expected to fall from 2.16 percent in 2025 to 2.02 percent by 2029.  

The Gross Domestic Product (GDP) in the United Kingdom was worth 3380.85 billion US dollars in 2023, according to official data from the World Bank. The GDP value of the United Kingdom represents 3.21 percent of the world economy. This dataset provides the latest reported value for - United Kingdom GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in the United Kingdom expanded 0.70 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United Kingdom GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United Kingdom UK: GDP: Real: per Capita data was reported at 27,514.498 GBP in 2017. This records an increase from the previous number of 27,207.249 GBP for 2016. United Kingdom UK: GDP: Real: per Capita data is updated yearly, averaging 18,191.242 GBP from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 27,514.498 GBP in 2017 and a record low of 8,948.840 GBP in 1960. United Kingdom UK: GDP: Real: per Capita 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. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices 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 constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

In May 2024, output in UK construction grew by 1.9 percent, with services growing by 0.3 percent, while production output and agriculture output both grew by 0.2 percent.

United Kingdom UK: GDP: GNI per Capita data was reported at 30,358.815 GBP in 2017. This records an increase from the previous number of 29,217.036 GBP for 2016. United Kingdom UK: GDP: GNI per Capita data is updated yearly, averaging 12,892.396 GBP from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 30,358.815 GBP in 2017 and a record low of 1,042.209 GBP in 1970. United Kingdom UK: GDP: GNI per Capita 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: Nominal. GNI per capita is gross national income divided by midyear population. 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.; ;

In 2023, the gross domestic product for England was 2.14 trillion British pounds, compared with 2022 when the GDP of England was 2.16 trillion pounds.

GDP Constant Prices in the United Kingdom increased to 646833 GBP Million in the first quarter of 2025 from 642287 GBP Million in the fourth quarter of 2024. This dataset provides the latest reported value for - United Kingdom GDP Constant Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, gross domestic product per capita in the United Kingdom was 37,044 British pounds, compared with 37,033 pounds in the previous year. In general, while GDP per capita has grown quite consistently throughout this period, there are noticeable declines, especially between 2007 and 2009, and between 2019 and 2020, due to the Global Financial Crisis, and COVID-19 pandemic, respectively. Why is GDP per capita stagnating when the economy is growing? During the last two years that GDP per capita fell and then stagnated in the UK, the overall economy grew by 0.4 percent in 2023 and 1.1 percent in 2024. While the overall UK economy is therefore larger than it was in 2022, the UK's population has grown at a faster rate, resulting in the lower GDP per capita figure. The long-term slump in the UK's productivity, as measured by output per hour worked, has meant that the gap between GDP growth and GDP per capita growth has been widening for some time. Economy remains the main concern of UK voters As of February 2025, the economy was seen as the main issue facing the UK, just ahead of immigration, health, and several other problems in the country. While Brexit was seen as the most important issue before COVID-19, and concerns about health were dominant throughout 2020 and 2021, the economy has generally been the primary facing voters issue since 2022. The surge in inflation throughout 2022 and 2023, and the impact this had on wages and living standards, resulted in a very tough period for UK households. As of January 2025, 57 percent of households were still noticing rising living costs, although this is down from a peak of 91 percent in August 2022.

United Kingdom UK: GDP data was reported at 2,037,638.000 GBP mn in 2017. This records an increase from the previous number of 1,963,311.000 GBP mn for 2016. United Kingdom UK: GDP data is updated yearly, averaging 539,091.500 GBP mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 2,037,638.000 GBP mn in 2017 and a record low of 25,831.457 GBP mn in 1960. United Kingdom UK: GDP 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. GDP at purchaser's prices 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 local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

GDP from Services in the United Kingdom increased to 466343 GBP Million in the first quarter of 2025 from 463051 GBP Million in the fourth quarter of 2024. This dataset provides - United Kingdom Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product for United Kingdom (UKNGDP) from Q1 1955 to Q4 2024 about United Kingdom and GDP.

In the first quarter of 2025, the quarterly gross domestic product of the United Kingdom was approximately, 646.8 billion British pounds, compared with around 642 billion pounds in the previous quarter. The large dip in GDP that can be seen in the second quarter of 2020 saw the UK economy fall from 604.7 billion pounds to 481.8 billion, with more usual levels of output not recovering until well into 2021. The COVID-19 lockdowns enacted by the UK government at that time was the main reason for this large fall in GDP. Growth lagging as UK heads into 2025 After ending 2023 in recession, the UK economy started 2024 with the strongest quarterly GDP growth in several years, growing by 0.7 percent in the first quarter, and then by 0.4 percent in the second quarter. Economic growth in the second half of the year was, however, far less promising, with GDP flatlining in the third quarter, and monthly GDP shrinking by 0.1 percent in September and then again in October. Although GDP is still forecast to grow in 2025, the overall economic picture is precarious. In November, UK inflation rose to 2.6 percent, compared with just 1.7 percent in September, while the labor market continues to show signs of cooling after a period of high job vacancies and low unemployment. Labour pinning hopes on long-term growth After winning its first general election in 19 years in 2024, the Labour Government has seen its approval ratings plummet in its first few months in office. This shaky start is partly due to a government strategy of making unpopular decisions early in their tenure, which they hope will eventually encourage stable economic growth in the mid to long-term. By far the least popular policy was the withdrawal of winter fuel benefits for a significant number of pensioners, a cost-cutting measure deemed necessary due to the UK's vulnerable public finance position, with government debt at around 100 percent of GDP. A further measure introduced was a national insurance tax increase for employers, with almost half of UK firms citing increased taxes as their main external concern in Q3 2024. Avoiding any further tax rises or cuts to services will depend on if policies in other areas, such as planning reform, will kickstart the UK economy in time before the next election.

GDP from Public Administration in the United Kingdom increased to 30178 GBP Million in the first quarter of 2025 from 30011 GBP Million in the fourth quarter of 2024. This dataset provides - United Kingdom Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom UK: GDP: Real: Gross Domestic Income data was reported at 1,850,189.035 GBP mn in 2017. This records an increase from the previous number of 1,815,163.515 GBP mn for 2016. United Kingdom UK: GDP: Real: Gross Domestic Income data is updated yearly, averaging 1,028,639.056 GBP mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,850,189.035 GBP mn in 2017 and a record low of 467,292.293 GBP mn in 1960. United Kingdom UK: GDP: Real: Gross Domestic 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: Real. Gross domestic income is derived as the sum of GDP and the terms of trade adjustment. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The statistic shows the growth rate in the real GDP in the United Kingdom from 2020 to 2024, with projections up until 2030. In 2024, the rate of GDP growth in the United Kingdom was at around 1.1 percent compared to the previous year.The economy of the United KingdomGDP is used an indicator as to the shape of a national economy. It is one of the most regularly called upon measurements regarding the economic fitness of a country. GDP is the total market value of all final goods and services that have been produced in a country within a given period of time, usually a year. Inflation adjusted real GDP figures serve as an even more telling indication of a country’s economic state in that they act as a more reliable and clear tool as to a nation’s economic health. The gross domestic product (GDP) growth rate in the United Kingdom has started to level in recent years after taking a huge body blow in the financial collapse of 2008. The UK managed to rise from the state of dark desperation it was in between 2009 and 2010, from -3.97 to 1.8 percent. The country suffered acutely from the collapse of the banking industry, raising a number of questions within the UK with regards to the country’s heavy reliance on revenues coming from London's financial sector, arguably the most important in the world and one of the globe’s financial command centers. Since the collapse of the post-war consensus and the rise of Thatcherism, the United Kingdom has been swept along in a wave of individualism - collective ideals have been abandoned and the mass privatisation of the heavy industries was unveiled - opening them up to market competition and shifting the economic focus to that of service.The Big Bang policy, one of the cornerstones of the Thatcher government programs of reform, involved mass and sudden deregulation of financial markets. This led to huge changes in the way the financial markets in London work, and saw the many old firms being absorbed by big banks. This, one could argue, strengthened the UK financial sector greatly and while frivolous and dangerous practices brought the sector into great disrepute, the city of London alone brings in around one fifth of the countries national income making it a very prominent contributor to wealth in the UK.

GDP from Mining in the United Kingdom decreased to 7909 GBP Million in the first quarter of 2025 from 7951 GBP Million in the fourth quarter of 2024. This dataset provides - United Kingdom Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom UK: GDP: saar: Statistical Discrepancy data was reported at 5,796.000 GBP mn in 2017. This records a decrease from the previous number of 8,803.000 GBP mn for 2016. United Kingdom UK: GDP: saar: Statistical Discrepancy data is updated yearly, averaging 0.000 GBP mn from Dec 1955 (Median) to 2017, with 63 observations. The data reached an all-time high of 8,803.000 GBP mn in 2016 and a record low of -1,658.000 GBP mn in 1976. United Kingdom UK: GDP: saar: Statistical Discrepancy 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: Gross Domestic Product: by Expenditure: Seasonally Adjusted: Annual.

The Gross Domestic Product (GDP) in the United Kingdom expanded 1.30 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, London had a gross domestic product of over 569 billion British pounds, by far the most of any region of the United Kingdom. The region of South East England which surrounds London had the second-highest GDP in this year, at over 360 billion pounds. North West England, which includes the major cities of Manchester and Liverpool, had the third-largest GDP among UK regions, at almost 250 billion pounds. Levelling Up the UK London’s economic dominance of the UK can clearly be seen when compared to the other regions of the country. In terms of GDP per capita, the gap between London and the rest of the country is striking, standing at over 63,600 pounds per person in the UK capital, compared with just over 37,100 pounds in the rest of the country. To address the economic imbalance, successive UK governments have tried to implement "levelling-up policies", which aim to boost investment and productivity in neglected areas of the country. The success of these programs going forward may depend on their scale, as it will likely take high levels of investment to reverse economic neglect regions have faced in the recent past. Overall UK GDP The gross domestic product for the whole of the United Kingdom amounted to 2.56 trillion British pounds in 2024. During this year, GDP grew by 0.9 percent, following a growth rate of 0.4 percent in 2023. Due to the overall population of the UK growing faster than the economy, however, GDP per capita in the UK fell in both 2023 and 2024. Nevertheless, the UK remains one of the world’s biggest economies, with just five countries (the United States, China, Japan, Germany, and India) having larger economies. It is it likely that several other countries will overtake the UK economy in the coming years, with Indonesia, Brazil, Russia, and Mexico all expected to have larger economies than Britain by 2050.