This statistic presents the economic impact of major cultural and sporting events in London between 2013 and 2016. From the analysis by London & Partners, the impact of major events on London's economy in 2016 was valued at *** million British pounds.

GLA Economics produces long-term employment projections for London by sector and by borough. The methodology in the accompanying report explains the approach adopted.

Links to the 2022 employment projections (latest, interim update)

• Borough projections
• Sector projections
• London labour market projections report

Links to previous employment projections

Provided below are links to the previous versions of GLA Economics’ employment projections, with breakdowns of the numbers (historic and projected) available by sector and by local authority.

2017

• Borough projections, 1971-2050
• Sector projections, 1971-2050
• London projections of scenarios
• London labour market projections report

2016

• Borough Projections, 1971-2041
• Sector Projections, 1971-2041
• London labour market projections report

2015

• Borough [trend-based only], 1981-2036
• Sector, 1984-2036
• Working paper 67

2013

• Borough, 1984-2036
• Sector, 1984-2036
• London labour market projections report

2011

• Borough [trend-based only, data excludes self-employed], 1981-2036
• Sector, 1984-2036
• Working paper 51

2009

• <a href="https://data.london.gov.uk/download/1edc3fa8-ce43-488a-9d6b-8dba432a53ea/fdc905ac-bf95-4956-b77a-6c197b1be1fd/employment-projections-borough-2009.csv" target="_blank"

In 2023, London GDP shrank by 0.5 percent, compared with growth of 7.9 percent in 2022.

United States Months of Supply: Condo/Co-op: London, KY data was reported at 2.000 Month in Aug 2016. This records an increase from the previous number of 0.500 Month for Jun 2016. United States Months of Supply: Condo/Co-op: London, KY data is updated monthly, averaging 2.000 Month from Apr 2013 (Median) to Aug 2016, with 5 observations. The data reached an all-time high of 2.000 Month in Aug 2016 and a record low of 0.500 Month in Jun 2016. United States Months of Supply: Condo/Co-op: London, KY data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB029: Months of Supply: by Metropolitan Areas.

The gross domestic product of the United Kingdom in 2024 was around 2.78 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.75 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 United Kingdom's economy grew by 1.1 percent in 2024, after a growth rate of 0.3 percent in 2023, 5.1 percent in 2022, 8.5 percent in 2021, and a record ten percent fall in 2020. During the provided time period, the biggest annual fall in gross domestic product before 2020 occurred in 2009, when the UK economy contracted by 4.6 percent at the height of the global financial crisis of the late 2000s. Before 2021, the year with the highest annual GDP growth rate was 1973, when the UK economy grew by 6.5 percent. UK economy growing but GDP per capita falling In 2022, the UK's GDP per capita amounted to approximately 37,371 pounds, with this falling to 37,028 pounds in 2023, and 36,977 pounds in 2024. While the UK economy as a whole grew during this time, the UK's population grew at a faster rate, resulting in the negative growth in GDP per capita. This suggests the UK economy's struggles with productivity are not only stagnating, but getting worse. The relatively poor economic performance of the UK in recent years has not gone unnoticed by the electorate, with the economy consistently seen as the most important issue for voters since 2022. Recent shocks to UK economy In the second quarter of 2020, the UK economy shrank by a record 20.3 percent at the height of the COVID-19 pandemic. Although there was a relatively swift economic recovery initially, the economy has struggled to grow much beyond its pre-pandemic size, and was only around 3.1 percent larger in December 2024, when compared with December 2019. Although the labor market has generally been quite resilient during this time, a long twenty-month period between 2021 and 2023 saw prices rise faster than wages, and inflation surge to a high of 11.1 percent in October 2022.

The GLA strongly believes that Government needs to do more to unlock the power of data, helping organisations to make better decisions and operate more efficiently. Greater sharing of information between public authorities will allow them to improve the lives of citizens and help the economy flourish. To this end, in March 2016, the GLA launched the London City Data Strategy. The aim of this strategy is to give London the most dynamic and productive city data market in the world by reducing friction in the sharing and value-driven exploitation of city data to a minimum. The GLA seeks to recognise city data as part of the capital’s infrastructure, using it to save money, incubate innovation, and drive economic growth, helping London to achieve global renown for data impact. Within this Strategy, we have committed to - as a priority action - pushing for broad access to data across government departments e.g. HMRC and DWP) for London, to overcome issues which currently prevent further data sharing opportunities outside departmental silos and which stand in the way of value creation.

United Kingdom GDHI: per Capita: London data was reported at 27,151.000 GBP in 2016. This records an increase from the previous number of 26,864.000 GBP for 2015. United Kingdom GDHI: per Capita: London data is updated yearly, averaging 20,597.500 GBP from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 27,151.000 GBP in 2016 and a record low of 13,183.000 GBP in 1997. United Kingdom GDHI: per Capita: London 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.A046: ESA 2010: Gross Disposable Household Income: by Region.

United Kingdom GHP: Mean: London: Culture, Media & Sports Occupations data was reported at 17.600 GBP in 2017. This records a decrease from the previous number of 20.540 GBP for 2016. United Kingdom GHP: Mean: London: Culture, Media & Sports Occupations data is updated yearly, averaging 18.200 GBP from Dec 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 20.540 GBP in 2016 and a record low of 16.910 GBP in 2015. United Kingdom GHP: Mean: London: Culture, Media & Sports Occupations 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.G049: Gross Hourly Pay: Mean: by Region.

United States Inventory: Condo/Co-op: London, KY data was reported at 2.000 Unit th in Aug 2016. This records an increase from the previous number of 1.000 Unit th for Jun 2016. United States Inventory: Condo/Co-op: London, KY data is updated monthly, averaging 2.000 Unit th from Apr 2013 (Median) to Aug 2016, with 5 observations. The data reached an all-time high of 2.000 Unit th in Aug 2016 and a record low of 1.000 Unit th in Jun 2016. United States Inventory: Condo/Co-op: London, KY data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB025: Inventory of Home for Sale: by Metropolitan Areas.

United Kingdom GHP: Mean: London: Total data was reported at 21.780 GBP in 2017. This records an increase from the previous number of 20.740 GBP for 2016. United Kingdom GHP: Mean: London: Total data is updated yearly, averaging 20.540 GBP from Dec 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 21.780 GBP in 2017 and a record low of 20.220 GBP in 2015. United Kingdom GHP: Mean: London: Total 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.G049: Gross Hourly Pay: Mean: by Region.

United Kingdom Market Capitalisation: AIM: Basic Materials data was reported at 5,260.048 GBP mn in Oct 2018. This records a decrease from the previous number of 5,688.683 GBP mn for Sep 2018. United Kingdom Market Capitalisation: AIM: Basic Materials data is updated monthly, averaging 7,985.973 GBP mn from Jan 2006 (Median) to Oct 2018, with 154 observations. The data reached an all-time high of 20,688.600 GBP mn in Mar 2007 and a record low of 3,683.827 GBP mn in Jan 2016. United Kingdom Market Capitalisation: AIM: Basic Materials data remains active status in CEIC and is reported by London Stock Exchange. The data is categorized under Global Database’s United Kingdom – Table UK.Z006: London Stock Exchange: Market Capitalisation: AIM Market.

In 2023, the gross domestic product of London was approximately *** billion British pounds, compared with *** billion pounds in 2022.

Content

The Federal Reserve Board has discontinued this series as of October 11, 2016. More information, including possible alternative series, can be found at http://www.federalreserve.gov/feeds/h15.html.

Annualized using a 360-day year or bank interest. Source: Bloomberg and CTRB ICAP Fixed Income & Money Market Products.

Context

This is a dataset from the Federal Reserve hosted by the Federal Reserve Economic Database (FRED). FRED has a data platform found here and they update their information according to the frequency that the data updates. Explore the Federal Reserve using Kaggle and all of the data sources available through the Federal Reserve organization page!

• Update Frequency: This dataset is updated daily.

• Observation Start: 1971-01-04

• Observation End : 2016-10-07

Acknowledgements

This dataset is maintained using FRED's API and Kaggle's API.

Cover photo by Arvydas Venckus on Unsplash
Unsplash Images are distributed under a unique Unsplash License.

The GLA undertakes regular polling of Londoners' views. The results from these polls appear on this page. December 2017 – Rail services Link to PDF of topline (PDF) November 2017 – Workplace equality Link to PDF of topline (PDF) November 2017 - YouGov/GLA poll results Link to PDF of topline (PDF) October 2017 - YouGov/GLA poll results Link to PDF of topline (PDF) September 2017 – Keeping Londoners safe Link to PDF of topline (PDF) August 2017 – World Athletics Championships Link to PDF of topline (PDF) July 2017 – World Para-athletics Championships Link to PDF of topline (PDF) July 2017 – Food Link to PDF of topline (PDF) June 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) June 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) April 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) March 2017 – Contacting City Hall Link to PDF of topline (PDF) February 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) February 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) January 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) December 2016 – YouGov/GLA poll results Link to PDF of topline (PDF) December 2016 – Transport Link to PDF of topline (PDF) November 2016 – YouGov/GLA poll results Link to PDF of topline (PDF) October 2016 – Public spending and taxation Link to PDF of topline (PDF) Link to analysis of results (PDF) August 2016 – Promoting London Abroad Link to PDF of topline (PDF) August 2016 – Pubs and Clubs Link to PDF of topline (PDF) July 2016 – Devolution Link to PDF of topline (PDF) March 2016 – congestion, night-tube, noise, volunteering and growth Link to PDF of toplines (PDF) Link to crosstabs tables (XLS) January 2016 – culture, anti-social behaviour, sport & exercise, digital technology Link to PDF of toplines (PDF) Link to crosstabs tables (XLS) September 2015 - economy, sugar, awareness of London government and work of Mayor Link to PDF of toplines (PDF) Link to crosstabs tables (XLS) July 2015 - Energy, renting, online shopping and airports Link to PDF of toplines (PDF) Link to Excel tables (XLS) March 2015 - Growth, recycling and reuse Link to PDF of toplines (PDF) Link to PDF of tables January 2015 – Economy, cost of living, living wage, affordable eating, cooking fats, physical activity major events Link to PDF of toplines (PDF) Link to Excel tables (XLS) September 2014 - Awareness, sources, carrier bags and big dance Link to PDF of toplines (PDF) Link to Excel tables (XLS) August 2014 - Health Survey Link to PDF of toplines (PDF) Link to Excel tables (XLS) June 2014 - Economy, cost of living, personal finance, housing and airports Link to PDF of toplines (PDF) May 2014 - Priorities for Safety Link to PDF of toplines (PDF) Link to Excel tables (XLS) March 2014 - Health Survey Link to PDF of toplines (PDF) Link to Excel tables (XLS) February 2014 - Economy, cost of living, priorities and culture Link to PDF of toplines (PDF) Link to Excel tables (XLS) February 2014 - Water Cannon Link to Data Full Tables (XLS) Tables – rebased (XLS) Tables - ethnicity (XLS) Tables - summary (XLS) November 2013 - Economy, cost of living, technology and aiports Link to PDF of toplines (PDF) Link to Excel tables (XLS) September 2013 - Economy, Mayoral responsibilities Link to PDF of toplines (PDF) Link to Excel tables (XLS) June 2013 - Economy, culture and community cohesion Link to PDF of toplines (PDF) Link to PDF tables (PDF) March 2013 – Economy, volunteering, ULEZ, stamp duty, cycling Link to PDF of toplines (PDF) Link to Excel tables (XLS) January 2013 - Economy, apprenticeships, aiport, housing and EU Link to PDF of toplines (PDF) Link to Excel tables (XLS) October 2012 - Economy, Mayoral responsibilities and 2012 Games Link to PDF of toplines (PDF) Link to PDF tables (PDF) June 2012 - Economy and Londoners priorities Link to PDF of toplines (PDF) Link to PDF tables (PDF) February 2012 - Economy and volunteering Link to PDF of toplines (PDF) Link to PDF tables (PDF) November 2011 - Economy, community cohesion, young people, sports Link to PDF of toplines (PDF) Link to PDF tables (PDF) September 2011 - Community cohesion and festivals Link to PDF of toplines (PDF) Link to PDF tables (PDF) June 2011 - Housing, economy, sport, 2012 games Link to PDF of toplines (PDF) Link to PDF tables (PDF) March 2011 - Volunteering Link to PDF of toplines (PDF) Link to PDF tables (PDF) December 2010 - Mayoral Priorities Link to PDF of toplines (PDF) Link to PDF tables (PDF) August 2010 - Energy, and Safety in Parks Link to PDF of toplines (PDF) Link to PDF tables (PDF) May 2010 - Climate Change Link to PDF of toplines (PDF) Link to PDF tables (PDF) March 2010 - Culture Link to PDF of toplines (PDF) Link to PDF tables (PDF) November 2009 - Waste and recycling Link to PDF of toplines (PDF) Link to PDF tables (PDF) June 2009 - Quality of life Link to PDF of toplines (PDF) Link to PDF tables (PDF) April 2009 - Economic outlook, and the Mayor's role Link to PDF of toplines (PDF) Link to PDF tables (PDF) Visit Talk London website to join in with the discussion.

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.

🇬🇧 영국 English The GLA undertakes regular polling of Londoners' views. The results from these polls appear on this page. December 2017 – Rail services Link to PDF of topline (PDF) November 2017 – Workplace equality Link to PDF of topline (PDF) November 2017 - YouGov/GLA poll results Link to PDF of topline (PDF) October 2017 - YouGov/GLA poll results Link to PDF of topline (PDF) September 2017 – Keeping Londoners safe Link to PDF of topline (PDF) August 2017 – World Athletics Championships Link to PDF of topline (PDF) July 2017 – World Para-athletics Championships Link to PDF of topline (PDF) July 2017 – Food Link to PDF of topline (PDF) June 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) June 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) April 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) March 2017 – Contacting City Hall Link to PDF of topline (PDF) February 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) February 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) January 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) December 2016 – YouGov/GLA poll results Link to PDF of topline (PDF) December 2016 – Transport Link to PDF of topline (PDF) November 2016 – YouGov/GLA poll results Link to PDF of topline (PDF) October 2016 – Public spending and taxation Link to PDF of topline (PDF) Link to analysis of results (PDF) August 2016 – Promoting London Abroad Link to PDF of topline (PDF) August 2016 – Pubs and Clubs Link to PDF of topline (PDF) July 2016 – Devolution Link to PDF of topline (PDF) March 2016 – congestion, night-tube, noise, volunteering and growth Link to PDF of toplines (PDF) Link to crosstabs tables (XLS) January 2016 – culture, anti-social behaviour, sport & exercise, digital technology Link to PDF of toplines (PDF) Link to crosstabs tables (XLS) September 2015 - economy, sugar, awareness of London government and work of Mayor Link to PDF of toplines (PDF) Link to crosstabs tables (XLS) July 2015 - Energy, renting, online shopping and airports Link to PDF of toplines (PDF) Link to Excel tables (XLS) March 2015 - Growth, recycling and reuse Link to PDF of toplines (PDF) Link to PDF of tables January 2015 – Economy, cost of living, living wage, affordable eating, cooking fats, physical activity major events Link to PDF of toplines (PDF) Link to Excel tables (XLS) September 2014 - Awareness, sources, carrier bags and big dance Link to PDF of toplines (PDF) Link to Excel tables (XLS) August 2014 - Health Survey Link to PDF of toplines (PDF) Link to Excel tables (XLS) June 2014 - Economy, cost of living, personal finance, housing and airports Link to PDF of toplines (PDF) May 2014 - Priorities for Safety Link to PDF of toplines (PDF) Link to Excel tables (XLS) March 2014 - Health Survey Link to PDF of toplines (PDF) Link to Excel tables (XLS) February 2014 - Economy, cost of living, priorities and culture Link to PDF of toplines (PDF) Link to Excel tables (XLS) February 2014 - Water Cannon Link to Data Full Tables (XLS) Tables – rebased (XLS) Tables - ethnicity (XLS) Tables - summary (XLS) November 2013 - Economy, cost of living, technology and aiports Link to PDF of toplines (PDF) Link to Excel tables (XLS) September 2013 - Economy, Mayoral responsibilities Link to PDF of toplines (PDF) Link to Excel tables (XLS) June 2013 - Economy, culture and community cohesion Link to PDF of toplines (PDF) Link to PDF tables (PDF) March 2013 – Economy, volunteering, ULEZ, stamp duty, cycling Link to PDF of toplines (PDF) Link to Excel tables (XLS) January 2013 - Economy, apprenticeships, aiport, housing and EU Link to PDF of toplines (PDF) Link to Excel tables (XLS) October 2012 - Economy, Mayoral responsibilities and 2012 Games Link to PDF of toplines (PDF) Link to PDF tables (PDF) June 2012 - Economy and Londoners priorities Link to PDF of toplines (PDF) Link to PDF tables (PDF) February 2012 - Economy and volunteering Link to PDF of toplines (PDF) Link to PDF tables (PDF) November 2011 - Economy, community cohesion, young people, sports Link to PDF of toplines (PDF) Link to PDF tables (PDF) September 2011 - Community cohesion and festivals Link to PDF of toplines (PDF) Link to PDF tables (PDF) June 2011 - Housing, economy, sport, 2012 games Link to PDF of toplines (PDF) Link to PDF tables (PDF) March 2011 - Volunteering Link to PDF of toplines (PDF) Link to PDF tables (PDF) December 2010 - Mayoral Priorities Link to PDF of toplines (PDF) Link to PDF tables (PDF) August 2010 - Energy, and Safety in Parks Link to PDF of toplines (PDF) Link to PDF tables (PDF) May 2010 - Climate Change Link to PDF of toplines (PDF) Link to PDF tables (PDF) March 2010 - Culture Link to PDF of toplines (PDF) Link to PDF tables (PDF) November 2009 - Waste and recycling Link to PDF of toplines (PDF) Link to PDF tables (PDF) June 2009 - Quality of life Link to PDF of toplines (PDF) Link to PDF tables (PDF) April 2009 - Economic outlook, and the Mayor's role Link to PDF of toplines (PDF) Link to PDF tables (PDF) Visit Talk London website to join in with the discussion.

United Kingdom Number of Listed Companies: Annual: AIM data was reported at 982.000 Unit in 2016. This records a decrease from the previous number of 1,044.000 Unit for 2015. United Kingdom Number of Listed Companies: Annual: AIM data is updated yearly, averaging 1,032.500 Unit from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 1,694.000 Unit in 2007 and a record low of 121.000 Unit in 1995. United Kingdom Number of Listed Companies: Annual: AIM data remains active status in CEIC and is reported by London Stock Exchange. The data is categorized under Global Database’s United Kingdom – Table UK.Z013: London Stock Exchange: Number of Listed Companies and Securities.

Floorspace of selected night time economy establishments by town centre data.

The Town centre boundaries used are from the 2016 Town Centre Health Check.

This dataset is included in the Greater London Authority's Night Time Observatory. Click here to find out more.

United Kingdom Fuel Consumption: Personal: Greater London data was reported at 1,717.275 Tonne th in 2016. This records a decrease from the previous number of 1,722.757 Tonne th for 2015. United Kingdom Fuel Consumption: Personal: Greater London data is updated yearly, averaging 1,937.328 Tonne th from Dec 2005 (Median) to 2016, with 12 observations. The data reached an all-time high of 2,122.210 Tonne th in 2005 and a record low of 1,717.275 Tonne th in 2016. United Kingdom Fuel Consumption: Personal: Greater London data remains active status in CEIC and is reported by Department for Business, Energy and Industrial Strategy. The data is categorized under Global Database’s UK – Table UK.RB019: Fuel Consumption: By Type of Vehicles and By Region.