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 UK economy grew by 0.4 percent in May 2025 after shrinking by 0.1 percent in May. Since a huge decline in GDP in April 2020, the UK economy has gradually recovered and is now around 4.4 percent larger than it was before the COVID-19 pandemic. After the initial recovery from the pandemic, however, the UK economy has effectively flatlined, fluctuating between low growth and small contractions since January 2022. Labour banking on growth to turn around fortunes in 2025 In February 2025, just over half a year after winning the last general election, the approval rating for the new Labour government fell to a low of -48 percent. Furthermore, the Prime Minister, Keir Starmer was not only less popular than the new Conservative leader, Kemi Badenoch, but also the leader of the Reform Party, Nigel Farage, whose party have surged in opinion polls recently. This remarkable decline in popularity for the new government is, in some part, due to a deliberate policy of making tough decisions early. Arguably, the most damaging of these policies was the withdrawal of the winter fuel allowance for some pensioners, although other factors such as a controversy about gifts and donations also hurt the government. While Labour aims to restore the UK's economic and political credibility in the long term, they will certainly hope for some good economic news sooner rather than later. Economy bounces back in 2024 after ending 2023 in recession Due to two consecutive quarters of negative economic growth, in late 2023 the UK economy ended the year in recession. After not growing at all in the second quarter of 2023, UK GDP fell by 0.1 percent in the third quarter, and then by 0.3 percent in the last quarter. For the whole of 2023, the economy grew by 0.4 percent compared to 2022, and for 2024 is forecast to have grown by 1.1 percent. During the first two quarters of 2024, UK GDP grew by 0.7 percent, and 0.4 percent, with this relatively strong growth followed by zero percent growth in the third quarter of the year. Although the economy had started to grow again by the time of the 2024 general election, this was not enough to save the Conservative government at the time. Despite usually seen as the best party for handling the economy, the Conservative's economic competency was behind that of Labour on the eve of the 2024 election.

The statistic shows GDP per capita in the United Kingdom from 1987 to 2020, with projections up until 2030. 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.

According to Cognitive Market Research, the Women Innerwear Market Size will be USD XX Million in 2024 and is set to achieve a market size of USD XX Million by the end of 2031 growing at a CAGR of XX% from 2025 to 2033

North America held share of XX% in the year 2024 Europe held share of XX% in the year 2024 Asia-Pacific held share of XX% in the year 2024 South America held share of XX% in the year 2024 Middle East and Africa held share of XX% in the year 2024 Market Dynamics of Women's Innerwear Market

Key Drivers for Women's Innerwear Market

Increasing disposable income and evolving lifestyles are driving growth in the women's innerwear market. 

The expansion of the women’s innerwear market is significantly influenced by rising disposable incomes and evolving lifestyles, particularly in emerging economies. As consumers gain greater purchasing power, there is a market shift towards premium and luxury lingerie, reflecting broader trends in fashion consciousness and urban living. In emerging markets, increased disposable income has led to heightened consumer spending on luxury goods, including high-quality lingerie. For instance, the UK shows signs of recovery despite economic challenges, including increased private sector wages and rising disposable incomes, suggesting potential growth in consumer spending. Also, the Australian government projects a positive economic outlook for 2025, with expectations of rising disposable incomes driven by policies such as tax cuts, energy bill relief, and investment in public services. The rising disposable income enables consumers to invest more in high-end fashion items.
Changing lifestyles play a pivotal role in transforming consumer behavior. Increasing urbanization increases exposure to diverse fashion trends, fostering a culture that values style and quality. This shift is evident in the lingerie market, where consumers seek products that align with contemporary fashion sensibilities. As urban consumers embrace form-fitting outfits, body-hugging dresses, and athleisure wear, the need for seamless bras and panties has also surged, making them a staple for urban wardrobes. For instance, EBY offers a range of seamless bras and panties designed for all-day comfort, featuring no-slip grip technology to ensure the garments stay in place. Their collection includes various styles such as briefs, high-waisted panties, and bikini panties available in various sizes. In conclusion, the confluence of rising disposable incomes and changing lifestyles in emerging economies is propelling the women's innerwear market towards premiumization.

Body positivity & inclusive trends are driving growth in the women's innerwear market. 

The fashion industry's embrace of body positivity and inclusivity has led to significant transformations in the lingerie market. These expand the market as brands now prioritize diverse body types, offering inclusive sizing and adaptive lingerie and launching campaigns that promote self-confidence and natural body shapes. For instance, Rihanna’s lingerie brand Savage X Fenty has been at the forefront of inclusivity, offering a wide range of sizes and featuring models of diverse backgrounds in its campaigns. The brand Valentine's Day 2025 campaign, “Love Your Way,” showcased this commitment by featuring individuals like Serena Page and Kordell Beckham, emphasizing life in all its forms. Also, Summersalt centers around fit and comfort, and its 2021 swimwear campaign features plus-size, disabled, post-partum, and senior models. They also include plus-size BIPOC women in their campaigns— a progressive move since many brands often only show white models in larger sizes. Representation includes LGBTQ+ people, models with chronic illness, body liberation activists, and entrepreneurs, showing that body positivity transcends body shape and size. In conclusion, the lingerie market's focus on body positivity and inclusivity has led to more diverse product offerings and marketing strategies. Brands campaigning about these values have fostered a more inclusive fashion landscape while engaging more customers and catering to diverse requirements.

Key Restraints for Women's Innerwear Market

Fluctuating raw material costs are a major restraint for the women's innerwear market. 

Fluctuation in...

The United Kingdom's economy grew by 1.1 percent in 2024, after a growth rate of 0.4 percent in 2023, 4.8 percent in 2022, 8.6 percent in 2021, and a record 10.3 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 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. 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.  

United Kingdom's main stock market index, the GB100, rose to 9321 points on August 22, 2025, gaining 0.13% from the previous session. Over the past month, the index has climbed 2.87% and is up 11.93% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from United Kingdom. United Kingdom Stock Market Index (GB100) - values, historical data, forecasts and news - updated on August of 2025.

The economy of the United Kingdom grew by 0.4 percent in June 2025, after shrinking by 0.1 percent in May 2025. As of the most recent month, the UK economy is around 4.9 percent larger than it was in February 2020, just before the start of COVID-19 lockdowns. After a record 19.6 percent decline in GDP in April 2020, the UK economy quickly returned to growth in the following months, and grew through most of 2021. Cost of living crisis lingers into 2025 As of December 2024, just over half of people in the UK reported that their cost of living was higher than it was in the previous month. Although this is a decline from the peak of the crisis in 2022 when over 90 percent of people reported a higher cost of living, households are evidently still under severe pressure. While wage growth has outpaced inflation since July 2023, overall consumer prices were 20 percent higher in late 2024 than they were in late 2021. For food and energy, which lower income households spend more on, late 2024 prices were almost 30 percent higher when compared with late 2021. According to recent estimates, living standards, as measured by changes in disposable income fell by 2.1 percent in 2022/23, but did start to grow again in 2023/24. Late 2023 recession followed by growth in 2024 In December 2023, the UK economy was approximately the same size as it was a year earlier, and struggled to achieve modest growth throughout that year. Going into 2023, a surge in energy costs, as well as high interest rates, created an unfavorable environment for UK consumers and businesses. The inflationary pressures that drove these problems did start to subside, however, with inflation falling to 3.9 percent in November 2023, down from a peak of 11.1 percent in October 2022. Although relatively strong economic growth occurred in the first half of 2024, with GDP growing by 0.7 percent, and 0.4 percent in the first two quarters of the year, zero growth was reported in the third quarter of the year. Long-term issues, such as low business investment, weak productivity growth, and regional inequality, will likely continue to hamper the economy going forward.

The GBP/USD exchange rate rose to 1.3521 on August 22, 2025, up 0.82% from the previous session. Over the past month, the British Pound has weakened 0.42%, but it's up by 2.36% over the last 12 months. British Pound - values, historical data, forecasts and news - updated on August of 2025.

View data of the frequency at which one unit of currency purchases domestically produced goods and services within a given time period.

Construction output in the United Kingdom increased 1.50 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United Kingdom Construction Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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River Cruise Market Size 2025-2029

The river cruise market size is forecast to increase by USD 3.41 billion, at a CAGR of 11.1% between 2024 and 2029.

The market is experiencing significant growth, driven by a robust global economic recovery and the increasing affluence of high-net-worth individuals (HNWIs). This demographic seeks unique and luxurious travel experiences, making river cruises an attractive option due to their intimate and personalized nature. Improvements in port infrastructure along major waterways have further bolstered the market's potential. Enhanced facilities enable larger and more sophisticated vessels to access previously inaccessible destinations, broadening the appeal of river cruises and expanding their reach. However, the market is not without challenges. Overcrowding difficulties faced by river cruise companies threaten to undermine the exclusivity and appeal of these voyages.
As demand continues to grow, operators must address capacity constraints and find innovative solutions to maintain the quality and allure of their offerings. Effective management of passenger numbers, strategic itinerary planning, and collaboration with local authorities will be essential to mitigate these challenges and ensure the long-term success of the market.

What will be the Size of the River Cruise Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic and evolving the market, various entities interplay to create a unique travel experience for passengers. Luxury suites, local communities, travel agencies, and wine tasting are integral components of this industry. The continuous unfolding of market activities is evident in the ongoing emphasis on eco-friendly practices, such as emission control and sustainable tourism. Marketing strategies, cabin classes, and water depth are crucial factors in attracting passengers. River cruise lines prioritize maintenance schedules for vessel maintenance and cultural preservation, ensuring a seamless passenger experience. Fuel efficiency and automated systems contribute to the economic impact of the industry.

Passenger capacity, local cuisine, and booking platforms cater to diverse traveler preferences. Security systems, docking facilities, and canal systems facilitate smooth operations. Preventive maintenance, crew management, and passenger safety are essential for maintaining a positive reputation. Cruise lines collaborate with tourism boards and historical sites to offer guided tours and cultural events. Excursion packages, revenue management, and pricing strategies cater to various budgets. Crew training, pilot training, and navigation systems ensure safe and efficient river navigation. Online reservations, dining rooms, and passenger satisfaction are key performance indicators for the industry. Wellness programs, fitness facilities, and safety regulations prioritize passenger comfort and well-being.

Themes cruises, engine types, and cruise ships cater to diverse traveler preferences. The market's continuous dynamism is reflected in its focus on environmental impact, water treatment, waste management, and legal compliance. GPS technology, navigation charts, and river currents are essential for safe and efficient river navigation. In this ever-evolving market, entities work together to create a unique and memorable travel experience for passengers. From local communities to luxury suites, the river cruise industry continues to adapt and innovate, ensuring a sustainable and enjoyable travel experience.

How is this River Cruise Industry segmented?

The river cruise industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Passenger ticket
  Onboard facilities


Age Group

  56 years and above
  36-55 years
  16-35 years
  Less than 16 years


Cruise Type

  Luxury Cruises
  Mid-Range Cruises
  Budget Cruises


End-User

  Couples
  Families
  Solo Travelers


Duration

  Short Cruises (3-7 Days)
  Medium Cruises (8-14 Days)
  Long Cruises (15+ Days)


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    Australia
    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The passenger ticket segment is estimated to witness significant growth during the forecast period.

The market encompasses various aspects, including job creation through the industry's expansion, eco-friendly practices integrating sustainable tourism, and the integration of deck space and emission control systems for passenger comfort and environmental responsibility. Marketing strategies cat

From 2003 to 2025, the central banks of the United States, United Kingdom, and European Union exhibited remarkably similar interest rate patterns, reflecting shared global economic conditions. In the early 2000s, rates were initially low to stimulate growth, then increased as economies showed signs of overheating prior to 2008. The financial crisis that year prompted sharp rate cuts to near-zero levels, which persisted for an extended period to support economic recovery. The COVID-19 pandemic in 2020 led to further rate reductions to historic lows, aiming to mitigate economic fallout. However, surging inflation in 2022 triggered a dramatic policy shift, with the Federal Reserve, Bank of England, and European Central Bank significantly raising rates to curb price pressures. As inflation stabilized in late 2023 and early 2024, the ECB and Bank of England initiated rate cuts by mid-2024, and the Federal Reserve also implemented its first cut in three years, with forecasts suggesting a gradual decrease in all major interest rates between 2025 and 2026. Divergent approaches within the European Union While the ECB sets a benchmark rate for the Eurozone, individual EU countries have adopted diverse strategies to address their unique economic circumstances. For instance, Hungary set the highest rate in the EU at 13 percent in September 2023, gradually reducing it to 6.5 percent by October 2024. In contrast, Sweden implemented more aggressive cuts, lowering its rate to two percent by June 2025, the lowest among EU members. These variations highlight the complex economic landscape that European central banks must navigate, balancing inflation control with economic growth support. Global context and future outlook The interest rate changes in major economies have had far-reaching effects on global financial markets. Government bond yields, for example, reflect these policy shifts and investor sentiment. As of December 2024, the United States had the highest 10-year government bond yield among developed economies at 4.59 percent, while Switzerland had the lowest at 0.27 percent. These rates serve as important benchmarks for borrowing costs and economic expectations worldwide.

In 2023, the share of travel and tourism's total contribution to GDP in European Union member countries and the United Kingdom remained in most cases below the figures reported before the COVID-19 pandemic, but showed strong signs of recovery. Overall, Croatia was the EU country where travel and tourism contributed the highest share of gross domestic product in 2023. That year, these industries generated, directly and indirectly, nearly ** percent of the country's GDP. Portugal and Greece followed in the ranking in 2023, with travel and tourism representing **** percent and **** percent of GDP, respectively.

With a Gross Domestic Product of over 4.3 trillion Euros, the German economy was by far the largest in Europe in 2024. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 7.4 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.95 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

The gross domestic product (GDP) of all G7 countries decreased sharply in 2009 and 2020 due to the financial crisis and COVID-19 pandemic, respectively. The growth decline was heavier after the COVID-19 pandemic than the financial crisis. Moreover, Italy had a negative GDP growth rate in 2012 and 2013 following the euro crisis. In 2023, Germany experienced an economic recession.

Out of the world's seven largest economies, the United Kingdom was the most negatively affected by the coronavirus (COVID-19) pandemic. During the third quarter of 2020, the GDP growth rate of the UK stood at minus *** percent compared to the previous year. Furthermore, the GDPs of India and Japan were contracted by minus *** percent. Only China experienced a positive GDP growth rate of *** percent during that same period. However, in 2021, all the largest economies worldwide started to recover, with growth rates varying from *** percent (Japan) to over **** percent (India).

England had the highest number of new heavy goods vehicle registrations in the United Kingdom in 2022, with just over ****** new units registered, significantly outperforming the other regions of the United Kingdom. For instance, Scotland came in second in the ranking with close to ***** vehicles registered. All registrations overall increased in 2021 and 2022, showing signs of recovery from the economic downturn linked to the Covid-19 pandemic.

The revenue change in the apparel market in the United Kingdom was forecast to continuously decrease between 2025 and 2029 by in total 0.3 percentage points. According to this forecast, in 2029, the revenue change will have decreased for the third consecutive year to 3.22 percent. Find other key market indicators concerning the revenue and volume.The Statista Market Insights cover a broad range of additional markets.

The unemployment rate of the United Kingdom was 4.7 percent in June 2025, unchanged from the previous month. Before the arrival of the COVID-19 pandemic, the UK had relatively low levels of unemployment, comparable with the mid-1970s. Between January 2000 and the most recent month, unemployment was highest in November 2011, when the unemployment rate hit 8.5 percent. Will unemployment continue to rise in 2025? Although low by historic standards, there has been a noticeable uptick in the UK's unemployment rate, with other labor market indicators also pointing to further loosening. In December 2024, the number of job vacancies in the UK fell to its lowest level since May 2021, while payrolled employment declined by 47,000 compared with November. Whether this is a continuation of a broader cooling of the labor market since 2022 or a reaction to more recent economic developments, such as upcoming tax rises for employers, remains to be seen. Forecasts made in late 2024 suggest that the unemployment rate will remain relatively stable in 2025, averaging out at 4.1 percent and falling again to four percent in 2026.
Demographics of the unemployed As of the third quarter of 2024, the unemployment rate for men was slightly higher than that of women, at 4.4 percent, compared to 4.1 percent. During the financial crisis at the end of the 2000s, the unemployment rate for women peaked at a quarterly rate of 7.7 percent, whereas for men, the rate was 9.1 percent. Unemployment is also heavily associated with age, and young people in general are far more vulnerable to unemployment than older age groups. In late 2011, for example, the unemployment rate for those aged between 16 and 24 reached 22.3 percent, compared with 8.2 percent for people aged 25 to 34, while older age groups had even lower peaks during this time.