In 2022, the gross domestic product of London was approximately 508.4 billion British pounds, compared with 484.6 billion pounds in 2021.

In 2022, London had a gross domestic product of over 508 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 341 billion pounds. North West England, which includes the major cities of Manchester and Liverpool, had the third-largest GDP among UK regions, at approximately 223.5 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 57,338 pounds per person in the UK capital, compared with just over 33,593 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.

In 2022, London GDP grew by 4.9 percent, compared with 8.9 percent in 2021.

Graph and download economic data for Total Per Capita Real Gross Domestic Product for Norwich-New London, CT (MSA) (DISCONTINUED) (PCRGMP35980) from 2001 to 2017 about Norwich, CT, per capita, real, industry, GDP, and USA.

In 2022, gross domestic product per capita in London was 57,338 British pounds, compared with 55,033 pounds in the previous year, and 50,162 in 2020.

Quarterly economic activity within Wales and the nine English regions (North East, North West, Yorkshire and The Humber, East Midlands, West Midlands, East of England, London, South East, and South West).

Gross domestic product (GDP) in current market prices and as chained volume measures, plus GDP per capita, for each local authority district, metropolitan district, London borough and Scottish Council area in the UK.

Graph and download economic data for Total Gross Domestic Product for Norwich-New London, CT (MSA) (NGMP35980) from 2001 to 2023 about Norwich, CT, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: All Industries in New London County, CT (REALGDPALL09011) from 2001 to 2023 about New London County, CT; Norwich; CT; real; industry; GDP; and USA.

This statistic shows the real gross domestic product of London, Ontario, at basic prices from 2013 to 2021. The GDP of London is projected to reach 23 billion Canadian dollars in 2021.

Graph and download economic data for Gross Domestic Product: Government and Government Enterprises in New London County, CT (GDPGOVT09011) from 2001 to 2023 about New London County, CT; Norwich; enterprises; CT; government; GDP; and USA.

This table contains data for gross domestic product (GDP), in current dollars, for all census metropolitan area and non-census metropolitan areas.

Key information about United Kingdom Market Capitalization: % of GDP

• United Kingdom Market Capitalization accounted for 83.8 % of its Nominal GDP in Dec 2024, compared with a percentage of 70.5 % in the previous year
• UK Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1999 to Dec 2024
• The data reached an all-time high of 131.2 % in Dec 2006 and a record low of 70.5 % in Dec 2023

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and quarterly Nominal GDP. London Stock Exchange provides Market Capitalization in local currency. The Office for National Statistics provides Nominal GDP in local currency. As of 2017, definitions from the revised Markets in Financial Instruments Directive (MiFID II) have been introduced. Market Capitalization includes domestically listed companies only.


Further information about United Kingdom Market Capitalization: % of GDP

• In the latest reports, FTSE All-Share recorded a daily P/E ratio of 14.4 in Jul 2022
• FTSE 100 closed at 8,674.0 points in Jan 2025

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. How big is the UK economy in relation to the rest of the world? 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.  

Graph and download economic data for Total Quantity Indexes for Real GDP for Norwich-New London, CT (MSA) (QGMP35980) from 2001 to 2023 about Norwich, quantity index, CT, real, industry, GDP, and USA.

The direct contribution of travel and tourism to London's gross domestic product (GDP) was significantly lower in the first two years of the coronavirus (COVID-19) pandemic compared to 2019. Due to the impact of the health crisis, these industries' direct contribution to GDP in the UK's capital amounted to 3.6 billion British pounds in 2021, dropping by nearly 74 percent from 2019. As forecast, this figure is expected to rebound to an estimated 10.9 billion British pounds in 2022, denoting a sharp annual increase but remaining below pre-pandemic levels.

505 Economics is on a mission to make academic economics accessible. We've developed the first monthly sub-national GDP data for EU and UK regions from January 2015 onwards.

Our GDP dataset uses luminosity as a proxy for GDP. The brighter a place, the more economic activity that place tends to have.

We produce the data using high-resolution night time satellite imagery and Artificial Intelligence.

This builds on our academic research at the London School of Economics, and we're producing the dataset in collaboration with the European Space Agency BIC UK.

We have published peer-reviewed academic articles on the usage of luminosity as an accurate proxy for GDP.

Key features: - Frequent: Data is provided every month from January 2015. This is more frequent than quarterly official datasets. - Timely: Data is provided with a three week lag (i.e. the data for January 2021 was published at the end of February 2021). This is substantially quicker than the 3-6 month lag of official datasets. - Accurate: Our dataset uses Deep Learning to maximise accuracy (RMSE 1.2%).

The dataset can be used by:

• Financial services - to get an indication of national-level GDP before official GDP statistics are released
• Governments and policy makers - to monitor the performance of economies, to measure the impact of policies, and to get a real-time indication of economic activity.
• Engineering companies - to monitor and evaluate the national impact of infrastructure projects
• Consultancies - to forecast the national impact of specific projects, to retrospectively monitor and evaluate the localised impact of existing projects
• Economics firms - to create macro forecasts at the national, to assess the impact of policy interventions.
• Academia / Think Tanks - to conduct novel research with more-frequent GDP data than is available from official sources. E.g. our dataset can be used to measure the impact of localised COVID-19 lockdowns.

We have created this dataset for the UK, Switzerland and 28 EU Countries.

Health Poverty Index - Root Causes: Gross Domestic Product (GDP) per capita

Source: Department of Health (DoH)

Publisher: Health Poverty Index

Geographies: National

Geographic coverage: England

Time coverage: 1998

Type of data: Administrative data

Notes: The lowest level at which data is available is NUTS 3, and so the same GDP was assigned to the constituent Local Authority areas in each NUTS 3 region. For example, the NUTS 3 area Inner London comprises City of London, Camden, Hammersmith and Fulham, Kensington and Chelsea, Wandsworth and Westminster:

A range of indicators for a selection of cities from the New York City Global City database.

Dataset includes the following:

Geography

City Area (km2)

Metro Area (km2)

People

City Population (millions)

Metro Population (millions)

Foreign Born

Annual Population Growth

Economy

GDP Per Capita (thousands $, PPP rates, per resident)

Primary Industry

Secondary Industry

Share of Global 500 Companies (%)

Unemployment Rate

Poverty Rate

Transportation

Public Transportation

Mass Transit Commuters

Major Airports

Major Ports

Education

Students Enrolled in Higher Education

Percent of Population with Higher Education (%)

Higher Education Institutions

Tourism

Total Tourists Annually (millions)

Foreign Tourists Annually (millions)

Domestic Tourists Annually (millions)

Annual Tourism Revenue ($US billions)

Hotel Rooms (thousands)

Health

Infant Mortality (Deaths per 1,000 Births)

Life Expectancy in Years (Male)

Life Expectancy in Years (Female)

Physicians per 100,000 People

Number of Hospitals

Anti-Smoking Legislation

Culture

Number of Museums

Number of Cultural and Arts Organizations

Environment

Green Spaces (km2)

Air Quality

Laws or Regulations to Improve Energy Efficiency

Retrofitted City Vehicle Fleet

Bike Share Program

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.