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.

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

Annual estimates of balanced UK regional gross domestic product (GDP). Current price estimates and chained volume measures for local enterprise partnership areas and other economic and enterprise regions

In 2022, Inner London - West was the local region of the United Kingdom that had the highest value of gross domestic product, at approximately, 236 billion British pounds, with Inner London - East having the second-highest amount at 121.8 billion pounds.

Of all the countries that comprise the United Kingdom, England had by far the highest gross domestic product in 2022 at over 1.95 trillion British pounds. In this year, Scotland's GDP amounted to over 166.6 billion pounds, with the size of the Welsh economy being around 76.5 billion pounds, and that of Northern Ireland being 50.6 billion pounds.

The statistic shows the growth rate in the real GDP in the United Kingdom from 2019 to 2023, with projections up until 2029. In 2023, the rate of GDP growth in the United Kingdom was at around 0.34 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.

This dataset comprises historical GDP and population data for regional entities in Belgium, Spain and the United Kingdom.

Entities included:
-For Belgium: Brussels, Flanders, Wallonia.
-For Spain: Andalusia, Aragon, Asturias, Balearic Islands, Basque Country, Canary Islands, Cantabria, Castile-la Mancha, Castile-Leon, Catalonia, Extremadura, Galicia, La Rioja, Madrid, Murcia, Navarre, Valencia.
-For the United Kingdom: England, London, Northern Ireland [since 1801], (Southern) Ireland [1801-1921], Scotland, Wales.

Periods covered for GDP data:
-For Belgium: 1846-2005.
-For Spain: 1860-2015.
-For the United Kingdom: 1707-2017.

Periods covered for population data:
-For Belgium: 1841-2017.
-For Spain: 1860-2015.
-For the United Kingdom: 1801-2017.

Sources, acknowledgement and citation:
The data have been compiled and/or calculated by the author based on different sources listed in the 'About'-section of the data sheet. When using the data, please cite the appropriate sources related to the part of the data you use, as well as the present dataset as referenced above.

Latest version: 1.0 [24.05.2022].

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.  

The gross domestic product of London was approximately 508 billion British pounds in 2022, far bigger than any other major metropolitan area of the United Kingdom in that year. The metropolitan area with the second-largest GDP was Greater Manchester, at around 90.8 billion British pounds,

United Kingdom UK: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 9.203 % in 2017. This records an increase from the previous number of 9.015 % for 2016. United Kingdom UK: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 10.479 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 16.704 % in 1990 and a record low of 8.723 % in 2009. United Kingdom UK: GDP: % of GDP: Gross Value Added: Industry: Manufacturing 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: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

GDP per capita is gross domestic product divided by midyear population. 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 U.S. dollars.

Annual estimates of balanced UK regional gross value added (GVA(B)). Current price estimates, chained volume measures and implied deflators for UK countries, ITL1, ITL2 and ITL3 regions, with a detailed industry breakdown.

United Kingdom UK: Oil Rents: % of GDP data was reported at 0.291 % in 2016. This records an increase from the previous number of 0.223 % for 2015. United Kingdom UK: Oil Rents: % of GDP data is updated yearly, averaging 0.585 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 2.664 % in 1984 and a record low of 0.000 % in 1971. United Kingdom UK: Oil Rents: % of GDP 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: Land Use, Protected Areas and National Wealth. Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

This dataset is about countries per year and is filtered where the country includes United Kingdom, featuring 5 columns: continent, country, date, GDP, and region. The preview is ordered by date (descending).

London had the highest unemployment rate among regions of the United Kingdom in the fourth quarter of 2024 at 6.1 percent, while for the UK as a whole, the unemployment rate was 4.4 percent. Four other regions also had an unemployment rate higher than the national average, while Northern Ireland had the lowest unemployment rate in this time period, at two percent. Labor market recovery after COVID-19 After reaching historically low levels of unemployment in 2019, there was a noticeable spike in the UK unemployment rate in the aftermath of the COVID-19 pandemic. After peaking at 5.1 percent in late 2020, the unemployment rate declined throughout 2021 and 2022. High levels of job vacancies, resignations, and staff shortages in 2022, were all indicative of a very tight labor market that year, but all these measures have started to point in the direction of a slightly looser labor market. UK's regional economic divide While the North of England has some of the country’s largest cities, the sheer size and economic power of London is much larger than the UK's other urban agglomerations. Partly, due to the size of London, the United Kingdom is one of Europe’s most centralized counties, and there is a clear divide between the economic prospects of north and south England. In 2022, for example, the gross domestic product per head in London was 57,338 British pounds, far higher than the UK average of 33,593 pounds, and significantly larger than North East England, the region with the lowest GDP per head at 24,172 pounds.

Comparison of quarterly country and regional GDP estimates by industry and region from our latest published timeseries, compiled using the new methodology of constraining to national totals against previously published estimates compiled using the old methodology.

F: Construction, Quarterly growth rate on same quarter of previous year, Chained volume measure, East of England. Quarterly economic activity within England, Wales and the nine English regions (North East, North West, Yorkshire and The Humber, East Midlands, West Midlands, East of England, London, South East, South West).

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.

The economic landscape of the United Kingdom has been significantly shaped by the intertwined issues of Brexit, COVID-19, and their interconnected impacts. Despite the country’s robust and diverse economy, the disruptions caused by Brexit and the COVID-19 pandemic have created uncertainty and upheaval for both businesses and individuals. Recognizing the magnitude of these challenges, academic literature has directed its attention toward conducting immediate research in this crucial area. This study sets out to investigate key economic factors that have influenced various sectors of the UK economy and have broader economic implications within the context of Brexit and COVID-19. The factors under scrutiny include the unemployment rate, GDP index, earnings, and trade. To accomplish this, a range of data analysis tools and techniques were employed, including the Box-Jenkins method, neural network modeling, Google Trend analysis, and Twitter-sentiment analysis. The analysis encompassed different periods: pre-Brexit (2011-2016), Brexit (2016-2020), the COVID-19 period, and post-Brexit (2020-2021). The findings of the analysis offer intriguing insights spanning the past decade. For instance, the unemployment rate displayed a downward trend until 2020 but experienced a spike in 2021, persisting for a six-month period. Meanwhile, total earnings per week exhibited a gradual increase over time, and the GDP index demonstrated an upward trajectory until 2020 but declined during the COVID-19 period. Notably, trade experienced the most significant decline following both Brexit and the COVID-19 pandemic. Furthermore, the impact of these events exhibited variations across the UK’s four regions and twelve industries. Wales and Northern Ireland emerged as the regions most affected by Brexit and COVID-19, with industries such as accommodation, construction, and wholesale trade particularly impacted in terms of earnings and employment levels. Conversely, industries such as finance, science, and health demonstrated an increased contribution to the UK’s total GDP in the post-Brexit period, indicating some positive outcomes. It is worth highlighting that the impact of these economic factors was more pronounced on men than on women. Among all the variables analyzed, trade suffered the most severe consequences in the UK. By early 2021, the macroeconomic situation in the country was characterized by a simple dynamic: economic demand rebounded at a faster pace than supply, leading to shortages, bottlenecks, and inflation. The findings of this research carry significant value for the UK government and businesses, empowering them to adapt and innovate based on forecasts to navigate the challenges posed by Brexit and COVID-19. By doing so, they can promote long-term economic growth and effectively address the disruptions caused by these interrelated issues.