This statistic shows the potential GDP growth rate in the United Kingdom (UK) as forecasted from 2013 to 2060. The United Kingdom's GDP is projected to grow over this period at the highest rate in 2040 at *** percent.

The Gross Domestic Product (GDP) in the United Kingdom expanded 0.30 percent in the second 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.

This statistic shows the employment growth rate in the United Kingdom (UK) as forecasted from 2013 to 2060. The employment rate in the United Kingdom is predicted to decline over the ** year period, from a peak of *** in 2013 to *** in 2060.

This statistic shows the potential GDP per worker growth rate in the United Kingdom (UK) as forecasted from 2013 to 2060. The GDP per worker growth rate is projected to increase over the ** year period period, from * in 2013 to *** in 2060.

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.

United Kingdom UK: GDP: % of Manufacturing: Machinery and Transport Equipment data was reported at 34.728 % in 2013. This records an increase from the previous number of 32.599 % for 2012. United Kingdom UK: GDP: % of Manufacturing: Machinery and Transport Equipment data is updated yearly, averaging 23.181 % from Dec 1963 (Median) to 2013, with 47 observations. The data reached an all-time high of 34.728 % in 2013 and a record low of 21.524 % in 1987. United Kingdom UK: GDP: % of Manufacturing: Machinery and Transport Equipment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Machinery and transport equipment correspond to ISIC divisions 29, 30, 32, 34, and 35.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;

United Kingdom UK: GDP: sa: Changes in Inventories data was reported at 2,056.000 GBP mn in Jun 2018. This records an increase from the previous number of -2,917.000 GBP mn for Mar 2018. United Kingdom UK: GDP: sa: Changes in Inventories data is updated quarterly, averaging 1,072.500 GBP mn from Mar 1995 (Median) to Jun 2018, with 94 observations. The data reached an all-time high of 6,966.000 GBP mn in Dec 2013 and a record low of -7,818.000 GBP mn in Dec 2008. United Kingdom UK: GDP: sa: Changes in Inventories 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: Seasonally Adjusted: Quarterly.

United Kingdom UK: GDP: Real: Net Current Transfer from Abroad data was reported at -16,012.095 GBP mn in 2013. This records a decrease from the previous number of -5,375.578 GBP mn for 2012. United Kingdom UK: GDP: Real: Net Current Transfer from Abroad data is updated yearly, averaging 0.000 GBP mn from Dec 1960 (Median) to 2013, with 54 observations. The data reached an all-time high of 28,210.320 GBP mn in 2008 and a record low of -16,012.095 GBP mn in 2013. United Kingdom UK: GDP: Real: Net Current Transfer from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Gross Domestic Product: Real. Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

United Kingdom UK: GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 47.367 % in 2015. This records a decrease from the previous number of 50.178 % for 2014. United Kingdom UK: GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 43.770 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 50.528 % in 2013 and a record low of 41.974 % in 2003. United Kingdom UK: GDP: % of Manufacturing: Medium and High Tech Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Share of GDP. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;

United Kingdom UK: GDP: Volume: Chain-Linked: Reference Year 2013: Seasonally Adjusted data was reported at 1,865.410 GBP bn in 2016. This records an increase from the previous number of 1,832.320 GBP bn for 2015. United Kingdom UK: GDP: Volume: Chain-Linked: Reference Year 2013: Seasonally Adjusted data is updated yearly, averaging 1,739.560 GBP bn from Dec 2010 (Median) to 2016, with 7 observations. The data reached an all-time high of 1,865.410 GBP bn in 2016 and a record low of 1,659.770 GBP bn in 2010. United Kingdom UK: GDP: Volume: Chain-Linked: Reference Year 2013: Seasonally Adjusted 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: Seasonally Adjusted: Annual.

The tourism sector GDP share in the United Kingdom was forecast to increase between 2023 and 2028 by in total *** percentage points. This overall increase does not happen continuously, notably not in 2027. The share is estimated to amount to **** percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

United Kingdom UK: GDP: % of Manufacturing: Chemicals data was reported at 9.775 % in 2013. This records a decrease from the previous number of 10.381 % for 2012. United Kingdom UK: GDP: % of Manufacturing: Chemicals data is updated yearly, averaging 10.605 % from Dec 1963 (Median) to 2013, with 47 observations. The data reached an all-time high of 13.462 % in 2010 and a record low of 9.523 % in 1998. United Kingdom UK: GDP: % of Manufacturing: Chemicals data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Chemicals correspond to ISIC division 24.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;

United Kingdom UK: GDP: % of Manufacturing: Other Manufacturing data was reported at 34.894 % in 2013. This records a decrease from the previous number of 37.017 % for 2012. United Kingdom UK: GDP: % of Manufacturing: Other Manufacturing data is updated yearly, averaging 46.236 % from Dec 1963 (Median) to 2013, with 47 observations. The data reached an all-time high of 48.028 % in 2001 and a record low of 34.856 % in 2010. United Kingdom UK: GDP: % of Manufacturing: Other Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Other manufacturing, a residual, covers wood and related products (ISIC division 20), paper and related products (ISIC divisions 21 and 22), petroleum and related products (ISIC division 23), basic metals and mineral products (ISIC division27), fabricated metal products and professional goods (ISIC division 28), and other industries (ISIC divisions 25, 26, 31, 33, 36, and 37). Includes unallocated data. When data for textiles, machinery, or chemicals are shown as not available, they are included in other manufacturing.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;

United Kingdom UK: GDP: % of Manufacturing: Food, Beverages and Tobacco data was reported at 18.325 % in 2013. This records an increase from the previous number of 17.704 % for 2012. United Kingdom UK: GDP: % of Manufacturing: Food, Beverages and Tobacco data is updated yearly, averaging 13.848 % from Dec 1963 (Median) to 2013, with 47 observations. The data reached an all-time high of 19.737 % in 2009 and a record low of 12.015 % in 1963. United Kingdom UK: GDP: % of Manufacturing: Food, Beverages and Tobacco data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Food, beverages, and tobacco correspond to ISIC divisions 15 and 16.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;

United Kingdom UK: GDP: Net Current Transfer from Abroad data was reported at -24,349.000 GBP mn in 2016. This records an increase from the previous number of -24,699.000 GBP mn for 2015. United Kingdom UK: GDP: Net Current Transfer from Abroad data is updated yearly, averaging -4,642.299 GBP mn from Dec 1970 (Median) to 2016, with 36 observations. The data reached an all-time high of 522.682 GBP mn in 1986 and a record low of -26,863.000 GBP mn in 2013. United Kingdom UK: GDP: Net Current Transfer from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Nominal. Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

United Kingdom UK: GDP: USD: Net Current Transfer from Abroad data was reported at -32.876 USD bn in 2016. This records an increase from the previous number of -37.735 USD bn for 2015. United Kingdom UK: GDP: USD: Net Current Transfer from Abroad data is updated yearly, averaging -7.286 USD bn from Dec 1970 (Median) to 2016, with 36 observations. The data reached an all-time high of 766.171 USD mn in 1986 and a record low of -41.996 USD bn in 2013. United Kingdom UK: GDP: USD: Net Current Transfer from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Nominal. Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

United Kingdom UK: GDP: % of Manufacturing: Textiles and Clothing data was reported at 2.278 % in 2013. This records a decrease from the previous number of 2.299 % for 2012. United Kingdom UK: GDP: % of Manufacturing: Textiles and Clothing data is updated yearly, averaging 5.682 % from Dec 1963 (Median) to 2013, with 47 observations. The data reached an all-time high of 10.536 % in 1963 and a record low of 2.064 % in 2011. United Kingdom UK: GDP: % of Manufacturing: Textiles and Clothing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Textiles and clothing correspond to ISIC divisions 17-19.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;

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.