Historical dataset showing U.K. economic growth by year from 1955 to 2018.

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.

United Kingdom Credit Cond: UL: L3: HH: AB: Factor: Economic Outlook data was reported at -3.400 % Point in Sep 2018. This records a decrease from the previous number of -2.500 % Point for Jun 2018. United Kingdom Credit Cond: UL: L3: HH: AB: Factor: Economic Outlook data is updated quarterly, averaging 0.000 % Point from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 11.200 % Point in Mar 2010 and a record low of -34.700 % Point in Sep 2008. United Kingdom Credit Cond: UL: L3: HH: AB: Factor: Economic Outlook data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB018: Credit Conditions Survey: Unsecured Lending: Last 3 Months.

United Kingdom Credit Cond: UL: N3: HH: AB: Factor: Economic Outlook data was reported at -1.500 % Point in Sep 2018. This records an increase from the previous number of -2.000 % Point for Jun 2018. United Kingdom Credit Cond: UL: N3: HH: AB: Factor: Economic Outlook data is updated quarterly, averaging -1.450 % Point from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 17.900 % Point in Jun 2010 and a record low of -35.400 % Point in Sep 2008. United Kingdom Credit Cond: UL: N3: HH: AB: Factor: Economic Outlook data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB019: Credit Conditions Survey: Unsecured Lending: Next 3 Months.

United Kingdom Credit Cond: SL: N3: HH: CA: Factor: Economic Outlook data was reported at -7.900 % Point in Sep 2018. This records a decrease from the previous number of -2.400 % Point for Jun 2018. United Kingdom Credit Cond: SL: N3: HH: CA: Factor: Economic Outlook data is updated quarterly, averaging -2.150 % Point from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 15.800 % Point in Dec 2009 and a record low of -38.900 % Point in Mar 2008. United Kingdom Credit Cond: SL: N3: HH: CA: Factor: Economic Outlook data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB017: Credit Conditions Survey: Secured Lending: Next 3 Months.

United Kingdom Credit Cond: CL: L3: AB: Factor: Economic Outlook data was reported at -0.700 % Point in Sep 2018. This records an increase from the previous number of -1.600 % Point for Jun 2018. United Kingdom Credit Cond: CL: L3: AB: Factor: Economic Outlook data is updated quarterly, averaging 0.150 % Point from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 32.500 % Point in Jun 2014 and a record low of -53.000 % Point in Sep 2008. United Kingdom Credit Cond: CL: L3: AB: Factor: Economic Outlook data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB020: Credit Conditions Survey: Corporate Lending: Last 3 Months.

In 2028, the ad spending growth is forecast to significantly decrease in all segments compared to the previous time point. Consistent with the decreasing trend, the indicator experiences the lowest values across all segments towards the end of the observation period. Particularly noteworthy is the segment Search Advertising Desktop, as it exhibits the lowest value of *** percent. Find other insights concerning similar markets and segments, such as a comparison of ad spending in Spain and a comparison of share of revenue generated via desktop purchases in Russia.The Statista Market Insights cover a broad range of additional markets.

The Gross Domestic Product (GDP) in the United Kingdom expanded 0.10 percent in the third quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United Kingdom GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

United Kingdom Credit Cond: CL: N3: AB: Factor: Economic Outlook data was reported at -6.800 % Point in Sep 2018. This records a decrease from the previous number of 2.700 % Point for Jun 2018. United Kingdom Credit Cond: CL: N3: AB: Factor: Economic Outlook data is updated quarterly, averaging 0.300 % Point from Jun 2007 (Median) to Sep 2018, with 46 observations. The data reached an all-time high of 38.500 % Point in Jun 2013 and a record low of -48.400 % Point in Sep 2007. United Kingdom Credit Cond: CL: N3: AB: Factor: Economic Outlook data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB021: Credit Conditions Survey: Corporate Lending: Next 3 Months.

In 2027, the revenue change is forecast to significantly decrease in all segments compared to the previous time point. Comparing the two different segments for the year 2027, the segment 'Music Streaming' leads the ranking with **** percent. Contrastingly, 'Music Downloads' is ranked last, with ***** percent. Their difference, compared to Music Streaming, lies at **** percentage points. Find further statistics on other topics such as a comparison of the number of users in the United States and a comparison of the number of users in Italy. The Statista Market Insights cover a broad range of additional markets.

The Gross Domestic Product (GDP) in the United Kingdom expanded 1.30 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the GDP of the United Kingdom between 1987 and 2024, with projections up until 2030, in US dollars.Private-sector-led economic recoveryGDP is counted among the primary indicators that are used to gauge the state of health of a national economy. GDP is the total value of all completed goods and services that have been produced within a country in a given period of time, usually a year. GDP figures allow us to gain a broader understanding of a country’s economy in a clear way. Real GDP, in a similar way, is also a rather useful indicator; this is a measurement that takes prices changes (inflation and deflation) into account, thereby acting as a key indicator for economic growth.The gross domestic product of the United Kingdom is beginning to show signs of recovery since seeing a sharp decline in the wake of the financial crisis. The decreasing unemployment rate in the United Kingdom is also indicating that the worst could be over for the country. However, some concerns have arisen about what forms of employment are being represented, how stable the jobs are, and whether or not they are simply being cited by officials in government as validation for reforms that are criticized by opponents as being ‘ideologically motivated’. Whatever the political motivation, the coalition government’s efforts to let the private sector lead the economic recovery through increasing employment in the UK in the private sector appear, for now at least, to be working.

The Gross Domestic Product (GDP) in the United Kingdom was worth 3643.83 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United Kingdom represents 3.43 percent of the world economy. This dataset provides the latest reported value for - United Kingdom GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

According to 6Wresearch, UK Recloser market size grew at a CAGR of 4.4% during 2018-24.

United Kingdom UK: GDP: Net Primary Income from Abroad data was reported at 514,937.000 GBP mn in Dec 2018. This records an increase from the previous number of 502,976.000 GBP mn for Sep 2018. United Kingdom UK: GDP: Net Primary Income from Abroad data is updated quarterly, averaging 400,342.000 GBP mn from Mar 1995 (Median) to Dec 2018, with 96 observations. The data reached an all-time high of 514,937.000 GBP mn in Dec 2018 and a record low of 206,005.000 GBP mn in Mar 1995. United Kingdom UK: GDP: Net Primary Income from Abroad data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: by Expenditure: Quarterly.

Import Prices in the United Kingdom increased to 111.40 Index Points in April from 111.30 Index Points in March of 2018. This dataset provides - United Kingdom Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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UK Data Center Market Size 2024-2028

The uk data center market size is forecast to increase by USD 37.87 billion, at a CAGR of 21.8% between 2023 and 2028.

The Data Center Market in the UK is experiencing significant shifts, driven by the increasing adoption of multi-cloud solutions and the necessity to upgrade networks to support the rollout of 5G technology. These trends reflect the evolving digital landscape, with businesses seeking greater agility, scalability, and efficiency in their IT infrastructure. Simultaneously, the consolidation of data centers continues, as organizations aim to optimize resources and reduce operational costs. However, these advancements come with challenges, including the growing power consumption demands of data centers, which necessitate sustainable energy solutions and innovative cooling technologies to mitigate environmental concerns and maintain cost competitiveness. Companies in the UK data center market must navigate these trends and challenges to capitalize on opportunities for growth and maintain a competitive edge in the rapidly evolving digital economy.

What will be the size of the UK Data Center Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The UK data center market is witnessing significant advancements, driven by the increasing demand for power-hungry tower servers and the shift towards renewable energy sources. With the expansion of data center footprints, IP addressing and data center certifications have become crucial for ensuring efficient network management. Green data centers, integrating cooling technology and energy management, are gaining traction as businesses prioritize sustainability. Server clustering, virtual machines (VMs), solid-state drives (SSDs), and storage arrays are key technologies enhancing data center performance. Location selection, risk management, and business continuity plans are essential considerations for organizations. Data analytics, wireless networking, and big data applications are fueling the adoption of high-performance computing (HPC) solutions, including blade servers and load balancing. Fiber optic cables and Ethernet cables are vital components for seamless connectivity, while tape libraries and optical storage cater to data archiving needs. Sustainable data centers, employing energy-efficient rackmount servers and advanced cooling systems, are the future of the industry.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ComponentIT infrastructurePower managementMechanical constructionGeneral constructionSecurity solutionsTypeOn-premiseHyperscaleHPCColocationEdgeOn-premiseHyperscaleHPCColocationEdgeDesignTraditionalContainerizedModularTraditionalContainerizedModularGeographyEuropeUK

By Component Insights

The it infrastructure segment is estimated to witness significant growth during the forecast period.

The data center IT infrastructure market in the UK is experiencing significant growth due to the increasing demand for computing power and storage to accommodate expanding data traffic. Enterprises are transitioning from traditional on-premises data centers to cloud-based solutions, including hyperscale data centers and edge computing. Modular data centers and containerized data centers are gaining popularity for their flexibility and scalability. Network security and access control are essential considerations, with high-availability systems and disaster recovery solutions ensuring business continuity. Energy efficiency and liquid cooling are key trends, as are managed services, remote monitoring, and data center automation. IT infrastructure solutions encompass server racks, network switches, cooling systems, and performance monitoring tools. Software-defined networking (SDN) and data center virtualization are crucial components, enabling temperature control, power capacity, and storage virtualization. Data storage and capacity planning require technical expertise, while backup and recovery solutions ensure business continuity. The market is also witnessing the adoption of hybrid cloud and maintenance contracts for network management. Data center design and construction are ongoing processes, with a focus on reducing carbon footprint and optimizing airflow management. Cloud migration is a significant trend, with the need for seamless integration and efficient data transfer.

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The IT infrastructure segment was valued at USD 11191.10 million in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, alo