In 2023 gross domestic product per capita in Northern Ireland amounted to approximately ****** British pounds, compared with ****** in the previous year.

In 2023, the gross domestic product of Northern Ireland was just under 58 billion British pounds, compared with 57.6 billion pounds in 2022.

The Gross Domestic Product per capita in Ireland was last recorded at 91514.33 US dollars in 2024. The GDP per Capita in Ireland is equivalent to 725 percent of the world's average. This dataset provides the latest reported value for - Ireland GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the gross domestic product per capita in England was ****** British pounds, compared with ****** in Scotland, ****** in Wales, and ****** in Northern Ireland.

In 2023, the gross domestic product per capita in London was 63,618 British pounds, compared with 37,135 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 38,004 pounds per capita. By contrast, North East England had the lowest GDP per capita among UK regions, at 26,347 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.

For Western Europe's economies in the late twentieth century, there were regional differences in the development of GDP per capita in many of the northern, industrialized nations and those in the south and on the northern periphery. In 1950, GDP per capita was lower than the regional average in these countries due to the lower levels of industrialization. The south then managed to make up a lot of ground by 1973. During Western Europe's "Golden Age of Capitalism," however, Ireland actually lost ground on the rest of the region due to its isolationist policies and inability to industrialize at the same pace. The last quarter-century of the decade saw this trend reverse, with Ireland's GDP per capita eventually growing above the regional average due to the influx of U.S. investment and its increased integration with European markets. Finland, which had a fairly unique position as being a West Bloc country within the Soviet sphere of influence, did experience some economic success during the Cold War through its exports into the East Bloc. The dissolution of the Soviet Union saw Finland rapidly restructure its economy to compete with the west, which caused GDP to fall by 14 percent between 1989 and 1993. By the end of the decade, however, this transition saw Finland emerge as a global leader in the export of high-tech goods, and income surpassed Swedish figures. By 2004, Ireland and Finland were respectively ranked as the top two leading nations in high-tech manufacturing by the OECD.

Physical (non-monetary) and monetary estimates of services provided by natural assets in the UK between 2010 and 2017.

In the third quarter of 2025, the unemployment rate in the United Kingdom was highest in Wales, where it was 5.7 percent, followed by England at 5.1 percent, Scotland at 3.7 percent, and 2.4 percent in Northern Ireland, the lowest rate among the four countries of the UK. For all four countries, the peak in unemployment during this period was in the early 2010s. England and Scotland's unemployment rates were highest in Q4 2011 at 8.4 percent and 8.6 percent respectively, with unemployment reaching 9.7 percent in Wales during Q3 2011. Northern Ireland reported its highest unemployment rate in Q1 of 2013 when it reached eight percent. Unemployment ticking up as UK enters 2025 For the United Kingdom as a whole, the unemployment rate was 4.4 percent in November 2024, the joint-highest rate recorded since August 2021. After reaching 8.5 percent in late 2011, unemployment in the UK fell quite consistently for several years, with this recovery interrupted by the COVID-19 pandemic, which saw unemployment rise to 5.3 percent in late 2020 and early 2021. From this point onwards, however, the labor market bounced back, and was particular strong in 2022 when there were a record number of job vacancies and unemployment fell to as low as 3.6 percent. While the labor market cooled throughout 2023 and 2024, unemployment remained at historically low levels. Overall economy grows but GDP per head falls Throughout the whole of 2024, gross domestic product in the UK grew by 0.9 percent, but in the third quarter of the year, there was no economic growth, followed by the relatively weak growth rate of 0.1 percent in the fourth quarter. Furthermore, GDP per head in the UK, declined for a second-consecutive year, and was just 36,977 pounds in 2024, compared with 37,371 pounds in 2022. Inflation, meanwhile, has fallen from the peak of 11.1 percent in October 2022, but was still at the relatively high rate of 4 percent at the start of 2024, with this falling to 2.5 percent by the end of the year.

Public sector expenditure for each country and region of the UK.

In September 2024, the national debt of the United States had risen up to 35.46 trillion U.S. dollars. The national debt per capita had risen to 85,552 U.S. dollars in 2021. As represented by the statistic above, the public debt of the United States has been continuously rising. U.S. public debt Public debt, also known as national and governmental debt, is the debt owed by a nations’ central government. In the case of the U.S., national debt is owed by the federal government to Treasury security holders. Generally speaking, government debt increases with government spending, and can be decreased through taxes. During the COVID-19 pandemic, the U.S. government increased spending significantly to finance virus infrastructure, aid, and various forms of economic relief. International public debt Venezuela leads the global ranking of the 20 countries with the highest public debt in 2021. In relation to the Gross Domestic Product (GDP), Venezuela's public debt amounted to around 306.95 percent of GDP. Eritrea was ranked fifth, with an estimated debt of 170 percent of the Gross Domestic Product. The national debt of the United Kingdom is forecasted to grow from 87 percent in 2022 to 70 percent in 2027, in relation to the Gross Domestic Product. These figures include England, Wales, Scotland as well as Northern Ireland. Greece had the highest national debt among EU countries as of the 4th quarter of 2020 in relation to the Gross Domestic Product. Germany ranked 13th in the EU, with its national debt amounting to 69 percent of GDP in the same time period. Tuvalu was one of the 20 countries with the lowest national debt in 2021 in relation to the GDP, while Macao had an estimated level of national debt of zero percent, the lowest of any country. The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance.

London had the highest unemployment rate among regions of the United Kingdom in the third quarter of 2025 at *** percent, while for the UK as a whole, the unemployment rate was **** percent. Six 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 *** 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 ****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 ****** British pounds, far higher than the UK average of *******pounds, and significantly larger than North East England, the region with the lowest GDP per head at *******pounds.