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. How big is the UK economy in relation to the rest of the world? 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.  

In May 2024, output in UK construction grew by 1.9 percent, with services growing by 0.3 percent, while production output and agriculture output both grew by 0.2 percent.

United Kingdom UK: GDP: per Capita data was reported at 30,862.888 GBP in 2017. This records an increase from the previous number of 29,930.545 GBP for 2016. United Kingdom UK: GDP: per Capita data is updated yearly, averaging 9,456.718 GBP from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 30,862.888 GBP in 2017 and a record low of 492.967 GBP in 1960. United Kingdom UK: GDP: per Capita 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. 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 local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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.

United Kingdom UK: GDP: saar: Statistical Discrepancy data was reported at 5,796.000 GBP mn in 2017. This records a decrease from the previous number of 8,803.000 GBP mn for 2016. United Kingdom UK: GDP: saar: Statistical Discrepancy data is updated yearly, averaging 0.000 GBP mn from Dec 1955 (Median) to 2017, with 63 observations. The data reached an all-time high of 8,803.000 GBP mn in 2016 and a record low of -1,658.000 GBP mn in 1976. United Kingdom UK: GDP: saar: Statistical Discrepancy data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.IFS: Gross Domestic Product: by Expenditure: Seasonally Adjusted: Annual.

United Kingdom UK: GDP: Changes in Inventories data was reported at 3,040.000 GBP mn in 2017. This records a decrease from the previous number of 9,385.000 GBP mn for 2016. United Kingdom UK: GDP: Changes in Inventories data is updated yearly, averaging 3,648.000 GBP mn from Dec 1965 (Median) to 2017, with 33 observations. The data reached an all-time high of 13,370.000 GBP mn in 2014 and a record low of -12,708.000 GBP mn in 2009. United Kingdom UK: GDP: Changes in Inventories 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. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

In the fourth quarter of 2024, the quarterly gross domestic product of the United Kingdom was approximately, 641 billion British pounds, compared with around 632.4 billion pounds in the same quarter. The large dip in GDP that can be seen in the second quarter of 2020 saw the UK economy fall from 604.7 billion pounds to 481.8 billion, with more usual levels of output not recovering until well into 2021. The COVID-19 lockdowns enacted by the UK government at that time was the main reason for this large fall in GDP. Growth lagging as UK heads into 2025 After ending 2023 in recession, the UK economy started 2024 with the strongest quarterly GDP growth in several years, growing by 0.7 percent in the first quarter, and then by 0.4 percent in the second quarter. Economic growth in the second half of the year was, however, far less promising, with GDP flatlining in the third quarter, and monthly GDP shrinking by 0.1 percent in September and then again in October. Although GDP is still forecast to grow in 2025, the overall economic picture is precarious. In November, UK inflation rose to 2.6 percent, compared with just 1.7 percent in September, while the labor market continues to show signs of cooling after a period of high job vacancies and low unemployment. Labour pinning hopes on long-term growth After winning its first general election in 19 years in 2024, the Labour Government has seen its approval ratings plummet in its first few months in office. This shaky start is partly due to a government strategy of making unpopular decisions early in their tenure, which they hope will eventually encourage stable economic growth in the mid to long-term. By far the least popular policy was the withdrawal of winter fuel benefits for a significant number of pensioners, a cost-cutting measure deemed necessary due to the UK's vulnerable public finance position, with government debt at around 100 percent of GDP. A further measure introduced was a national insurance tax increase for employers, with almost half of UK firms citing increased taxes as their main external concern in Q3 2024. Avoiding any further tax rises or cuts to services will depend on if policies in other areas, such as planning reform, will kickstart the UK economy in time before the next election.

United Kingdom UK: GDP: Real: Final Consumption Expenditure: General Government data was reported at 357,451.954 GBP mn in 2017. This records an increase from the previous number of 356,977.759 GBP mn for 2016. United Kingdom UK: GDP: Real: Final Consumption Expenditure: General Government data is updated yearly, averaging 218,844.644 GBP mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 357,451.954 GBP mn in 2017 and a record low of 128,177.394 GBP mn in 1960. United Kingdom UK: GDP: Real: Final Consumption Expenditure: General Government 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. General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

GDP from Mining in the United Kingdom decreased to 8054 GBP Million in the fourth quarter of 2024 from 8261 GBP Million in the third quarter of 2024. This dataset provides - United Kingdom Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Nominal Gross Domestic Product at Market Prices in the United Kingdom (NGDPMPUKA) from 1700 to 2016 about market-based, academic data, United Kingdom, GDP, and price.

In 2022, London had a gross domestic product of over 508 billion British pounds, by far the most of any region of the United Kingdom. The region of South East England which surrounds London had the second-highest GDP in this year, at over 341 billion pounds. North West England, which includes the major cities of Manchester and Liverpool, had the third-largest GDP among UK regions, at approximately 223.5 billion pounds. Levelling Up the UK London’s economic dominance of the UK can clearly be seen when compared to the other regions of the country. In terms of GDP per capita, the gap between London and the rest of the country is striking, standing at 57,338 pounds per person in the UK capital, compared with just over 33,593 pounds in the rest of the country. To address the economic imbalance, successive UK governments have tried to implement "levelling-up policies", which aim to boost investment and productivity in neglected areas of the country. The success of these programs going forward may depend on their scale, as it will likely take high levels of investment to reverse economic neglect regions have faced in the recent past. Overall UK GDP The gross domestic product for the whole of the United Kingdom amounted to 2.56 trillion British pounds in 2024. During this year, GDP grew by 0.9 percent, following a growth rate of 0.4 percent in 2023. Due to the overall population of the UK growing faster than the economy, however, GDP per capita in the UK fell in both 2023 and 2024. Nevertheless, the UK remains one of the world’s biggest economies, with just five countries (the United States, China, Japan, Germany, and India) having larger economies. It is it likely that several other countries will overtake the UK economy in the coming years, with Indonesia, Brazil, Russia, and Mexico all expected to have larger economies than Britain by 2050.

Monthly GDP MoM in the United Kingdom decreased to -0.10 percent in January from 0.40 percent in December of 2024. This dataset includes a chart with historical data for the United Kingdom Monthly GDP MoM.

GDP from Public Administration in the United Kingdom increased to 29908 GBP Million in the fourth quarter of 2024 from 29779 GBP Million in the third quarter of 2024. This dataset provides - United Kingdom Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom UK: Gross Domestic Product (GDP) data was reported at 519,535.000 GBP mn in Jun 2018. This records a decrease from the previous number of 521,334.000 GBP mn for Mar 2018. United Kingdom UK: Gross Domestic Product (GDP) data is updated quarterly, averaging 105,054.500 GBP mn from Mar 1955 (Median) to Jun 2018, with 254 observations. The data reached an all-time high of 524,670.000 GBP mn in Dec 2017 and a record low of 4,606.000 GBP mn in Mar 1955. United Kingdom UK: Gross Domestic Product (GDP) data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.IFS: Gross Domestic Product: by Expenditure: Quarterly.

United Kingdom UK: GDP: sa: Gross Saving data was reported at 71,709.000 GBP mn in Mar 2017. This records a decrease from the previous number of 72,476.000 GBP mn for Dec 2016. United Kingdom UK: GDP: sa: Gross Saving data is updated quarterly, averaging 41,548.000 GBP mn from Mar 1980 (Median) to Mar 2017, with 149 observations. The data reached an all-time high of 72,476.000 GBP mn in Dec 2016 and a record low of 10,176.000 GBP mn in Mar 1980. United Kingdom UK: GDP: sa: Gross Saving 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.

Graph and download economic data for Real Gross Domestic Product for United Kingdom (DISCONTINUED) (CLVMNACSCAB1GQUK) from Q1 1975 to Q3 2020 about United Kingdom, real, and GDP.

In 2022, the gross domestic product for England was 1.96 trillion British pounds, compared with 2021 when the GDP of England was 1.88 trillion pounds.

Gross National Product in the United Kingdom increased to 702109 GBP Million in the third quarter of 2024 from 696603 GBP Million in the second quarter of 2024. This dataset provides the latest reported value for - United Kingdom Gross National Income - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

The statistic shows the growth rate in the real GDP in the United Kingdom from 2019 to 2023, with projections up until 2029. In 2023, the rate of GDP growth in the United Kingdom was at around 0.34 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.