In 2022, the gross domestic product per capita in London was 57,338 British pounds, compared with 33,593 pounds per capita for the United Kingdom as a whole. Apart from London, the only other region of the UK that had a greater GDP per capita than the UK average was South East England, at 36,425 pounds per capita. By contrast, North East England had the lowest GDP per capita among UK regions, at 24,172 pounds. Regional imbalance in the UK economy? London's overall GDP in 2022 was over 508 billion British pounds, which accounted for almost a quarter of the overall GDP of the United Kingdom. South East England had the second-largest regional economy in the country, with a GDP of almost 341.7 billion British pounds. Furthermore, these two regions were the only ones that had higher levels of productivity (as measured by output per hour worked) than the UK average. While recent governments have recognized regional inequality as a major challenge facing the country, it may take several years for any initiatives to bear fruit. The creation of regional metro mayors across England is one of the earliest attempts at giving regions and cities in particular more power over spending in their regions than they currently have. UK economy growth slow in late 2024 After ending 2023 with two quarters of negative growth, the UK economy grew at the reasonable rate of 0.8 percent and 0.4 percent in the first and second quarters of the year. This was, however, followed by zero growth in the third quarter, and by just 0.1 percent in the last quarter of the year. Other economic indicators, such as the inflation rate, fell within the expected range in 2024, but have started to rise again, with a rate of three percent recorded in January 2025. While unemployment has witnessed a slight uptick since 2022, it is still at quite low levels compared with previous years.

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.

In 2024, gross domestic product per capita in the United Kingdom was 36,977 British pounds, compared with 37,028 pounds in the previous year. This was the second-consecutive year that GDP per head has fallen in the UK, with the measure shrinking by 0.9 percent in 2023. 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 falling when the economy is growing? During the last two years that GDP per capita fell in the UK, the overall economy grew by 0.4 percent in 2023 and 0.9 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.

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.

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.

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.

In the fourth quarter of 2024, the quarterly GDP per person in the United Kingdom was 9,218 British pounds, compared with 9,230 pounds in the previous quarter.

Key information about United Kingdom GDP Per Capita

• United Kingdom Gross Domestic Product (GDP) per Capita reached 46,373.940 USD in Dec 2021, compared with 40,340.010 USD in Dec 2020.
• UK GDP Per Capita data is updated yearly, available from Dec 1957 to Dec 2021, with an average number of 17,637.067 USD.
• The data reached an all-time high of 50,443.269 USD in Dec 2007 and a record low of 1,204.000 in Dec 1957.
• CEIC converts annual GDP per Capita into USD. Office for National Statistics provides GDP per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Seasonally adjusted auxiliary series is used since non-seasonally adjusted data is unavailable from the source.

Related information about United Kingdom GDP Per Capita data

• In the latest reports, UK GDP expanded 1.897 % YoY in Sep 2022.
• UK Nominal GDP reached 735.862 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 6.439 % in Sep 2022.
• Gross Savings Rate of UK was measured at 15.554 % in Sep 2022.

The statistic shows GDP per capita in the United Kingdom from 1987 to 2020, with projections up until 2029. In 2020, GDP per capita in the United Kingdom was at around 40,230.55 US dollars. The same year, the total UK population amounted to about 67.26 million people. The United Kingdom is among the leading countries in a world GDP ranking.Falling unemployment in a time of recessionGDP is a useful indicator when it comes to measuring the state of a nation’s economy. GDP is the market value of all final goods and services produced within a country in a given period of time, usually a year. GDP per capita equals exactly the GDI (gross domestic income) per capita and is not a measure of an individual’s personal income.As can be seen clearly in the statistic, gross domestic product (GDP) per capita in the United Kingdom is beginning to increase, albeit not to pre-recession levels. The UK is beginning to see signs of an economic recovery, though as of yet it remains unclear what sort of recovery this is. Questions have been raised as to whether the growth being seen is the right sort of growth for a well balanced recovery across the necessary sectors. An interesting oddity occurred in the United Kingdom for nine months in 2012, which saw a decreasing unemployment occurring at the same time as dip in nationwide economic productivity. This seems like good - if not unusual - news, but could be indicative of people entering part-time employment. It could also suggest that labor productivity is falling, meaning that the UK would be less competitive as a nation. The figures continue to rise, however, with an increase in employment in the private sector. With the rate of inflation in the UK impacting everyone’s daily lives, it is becoming increasingly difficult for vulnerable groups to maintain a decent standard of living.

Annual estimates of balanced UK regional gross domestic product (GDP). Current price estimates and chained volume measures for local authority districts, London boroughs, unitary authorities and Scottish Council areas.

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.

In 2022, the gross domestic product per capita in England was 34,241 British pounds, compared with 30,586 in Scotland, 24,443 in Wales, and 26,480 in Northern Ireland.

United Kingdom GDHI: per Capita: Index: London data was reported at 139.700 UK=100 in 2016. This records an increase from the previous number of 139.200 UK=100 for 2015. United Kingdom GDHI: per Capita: Index: London data is updated yearly, averaging 131.650 UK=100 from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 139.700 UK=100 in 2016 and a record low of 121.900 UK=100 in 1997. United Kingdom GDHI: per Capita: Index: London 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.A048: ESA 2010: Gross Disposable Household Income: by Region.

Annual estimates of balanced UK regional gross value added (GVA(B)). Current price estimates, GVA per head and annual growth for UK countries, ITL1, ITL2 and ITL3 areas, with a broad industry breakdown and income components.

GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI 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. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

GDP per person in the UK fell by around 0.1 percent in 2024, after also shrinking in 2023. In 2020, gross domestic product per capita shrank by a record 10.4 percent in the United Kingdom, before growing by 8.2 percent in 2021. Before 2021, the highest year-on-year increase was recorded in 1973 when GDP per person grew by 6.3 percent.

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).

In 2016, the gross domestic product (GDP) per capita in London, United Kingdom (UK) was 58.89 thousand U.S. dollars. Compared with 2001, GDP per capita in London has increased by just over ten thousand U.S. dollars and has grown in almost every year with the exceptions of 2008 and 2009.

Annual and quarterly data for UK gross domestic product (GDP) estimates, in chained volume measures and current market prices.

Key information about United Kingdom Private Consumption: % of GDP

• United Kingdom Private Consumption accounted for 62.8 % of its Nominal GDP in Sep 2024, compared with a ratio of 62.7 % in the previous quarter.
• UK Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1955 to Sep 2024, with an average share of 63.4 %.
• The data reached an all-time high of 70.2 % in Dec 1955 and a record low of 55.8 % in Mar 2021.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Private Consumption Expenditure is calculated as the sum of Household and NPISHs consumption. Office for National Statistics provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about United Kingdom Private Consumption: % of GDP

• In the latest reports, UK GDP expanded 0.2 % YoY in Mar 2023.
• Its Nominal GDP reached 786.4 USD bn in Mar 2023.
• UK GDP Per Capita reached 45,308.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 16.4 % in Sep 2024.