This statistic shows the actual and forecasted primary deficit in the United Kingdom (UK) from 2017/18 to 2023/24, as percentage of gross domestic product (GDP). The primary deficit is forecasted to amount to -0.5 percent of GDP surplus in 2023/24.

United Kingdom UK: IMF Forecast: General Government: Primary Balance: % of GDP data was reported at 0.630 % in 2023. This records an increase from the previous number of 0.560 % for 2022. United Kingdom UK: IMF Forecast: General Government: Primary Balance: % of GDP data is updated yearly, averaging -1.382 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 3.043 % in 2000 and a record low of -8.701 % in 2009. United Kingdom UK: IMF Forecast: General Government: Primary Balance: % of GDP 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.FM: Government Finance Statistics.

The government of the United Kingdom borrowed approximately 1.9 percent worth of its GDP in the 2023/24 financial year, compared with three percent in 2022/23. In 2020/21, government borrowing reached 11.6 percent of GDP, due to increased financial support to public services during the COVID-19 pandemic, combined with reduced revenue because of societal lockdowns.

United Kingdom UK: IMF Forecast: General Government: Primary Balance: % of Potential GDP: Cyclically Adjusted data was reported at 0.611 % in 2023. This records an increase from the previous number of 0.541 % for 2022. United Kingdom UK: IMF Forecast: General Government: Primary Balance: % of Potential GDP: Cyclically Adjusted data is updated yearly, averaging -1.738 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 3.198 % in 2000 and a record low of -7.376 % in 2009. United Kingdom UK: IMF Forecast: General Government: Primary Balance: % of Potential GDP: Cyclically 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.FM: Government Finance Statistics.

Summary, reconciliation and revisions information on UK government deficit and debt figures by calendar and financial year.

United Kingdom CG: RC: sa: API: Gross Operating Surplus data was reported at 4,612.000 GBP mn in Jun 2018. This records a decrease from the previous number of 4,651.000 GBP mn for Mar 2018. United Kingdom CG: RC: sa: API: Gross Operating Surplus data is updated quarterly, averaging 1,257.000 GBP mn from Mar 1955 (Median) to Jun 2018, with 254 observations. The data reached an all-time high of 4,651.000 GBP mn in Mar 2018 and a record low of 77.000 GBP mn in Mar 1955. United Kingdom CG: RC: sa: API: Gross Operating Surplus data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.AB041: ESA10: Resources and Uses: Central Government: Primary Income.

United Kingdom HN: RC: OM: Gross Operating Surplus data was reported at 47,143.000 GBP mn in Jun 2018. This records an increase from the previous number of 46,919.000 GBP mn for Mar 2018. United Kingdom HN: RC: OM: Gross Operating Surplus data is updated quarterly, averaging 12,021.500 GBP mn from Mar 1955 (Median) to Jun 2018, with 254 observations. The data reached an all-time high of 47,143.000 GBP mn in Jun 2018 and a record low of 119.000 GBP mn in Jun 1955. United Kingdom HN: RC: OM: Gross Operating Surplus data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.AB049: ESA10: Resources and Uses: Household and Non Profit Institutions Serving Households: Primary Income.

United Kingdom TE: RC: ASI: Balance of Gross Primary Income data was reported at 509,324.000 GBP mn in Jun 2018. This records a decrease from the previous number of 515,207.000 GBP mn for Mar 2018. United Kingdom TE: RC: ASI: Balance of Gross Primary Income data is updated quarterly, averaging 114,026.000 GBP mn from Mar 1955 (Median) to Jun 2018, with 254 observations. The data reached an all-time high of 515,845.000 GBP mn in Dec 2017 and a record low of 4,679.000 GBP mn in Mar 1955. United Kingdom TE: RC: ASI: Balance of Gross Primary Income data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.AB024: ESA10: Resources and Uses: Total Economy: Secondary Income.

United Kingdom TE: RC: API: Gross Operating Surplus data was reported at 168,451.000 GBP mn in Jun 2018. This records an increase from the previous number of 166,718.000 GBP mn for Mar 2018. United Kingdom TE: RC: API: Gross Operating Surplus data is updated quarterly, averaging 41,101.500 GBP mn from Mar 1955 (Median) to Jun 2018, with 254 observations. The data reached an all-time high of 168,451.000 GBP mn in Jun 2018 and a record low of 1,154.000 GBP mn in Mar 1955. United Kingdom TE: RC: API: Gross Operating Surplus data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.AB023: ESA10: Resources and Uses: Total Economy: Primary Income.

United Kingdom NFC: Uses: API: Gross Balance of Primary Income data was reported at 55,224.000 GBP mn in Jun 2018. This records a decrease from the previous number of 57,771.000 GBP mn for Mar 2018. United Kingdom NFC: Uses: API: Gross Balance of Primary Income data is updated quarterly, averaging 39,130.000 GBP mn from Mar 1987 (Median) to Jun 2018, with 126 observations. The data reached an all-time high of 62,716.000 GBP mn in Mar 2011 and a record low of 20,451.000 GBP mn in Jun 1987. United Kingdom NFC: Uses: API: Gross Balance of Primary Income data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.AB028: ESA10: Resources and Uses: Non Financial Corporations: Primary Income.

United Kingdom FC: RC: sa: API: Gross Operating Surplus data was reported at 13,185.000 GBP mn in Mar 2018. This records a decrease from the previous number of 14,018.000 GBP mn for Dec 2017. United Kingdom FC: RC: sa: API: Gross Operating Surplus data is updated quarterly, averaging 1,771.000 GBP mn from Mar 1955 (Median) to Mar 2018, with 253 observations. The data reached an all-time high of 17,062.000 GBP mn in Jun 2009 and a record low of -21.000 GBP mn in Sep 1960. United Kingdom FC: RC: sa: API: Gross Operating Surplus data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.AB037: ESA10: Resources and Uses: Financial Corporations: Primary Income.

United Kingdom PF: Resources: sa: Gross Balance of Primary Resources data was reported at 2,147.000 GBP mn in Jun 2018. This records a decrease from the previous number of 2,519.000 GBP mn for Mar 2018. United Kingdom PF: Resources: sa: Gross Balance of Primary Resources data is updated quarterly, averaging 1,894.500 GBP mn from Mar 1987 (Median) to Jun 2018, with 126 observations. The data reached an all-time high of 3,518.000 GBP mn in Jun 2016 and a record low of 593.000 GBP mn in Jun 1994. United Kingdom PF: Resources: sa: Gross Balance of Primary Resources data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.AB032: ESA10: Resources and Uses: Public Non Financial Corporations: Secondary Income.

United Kingdom NFC: Resources: sa: Gross Balance of Primary Resources data was reported at 56,938.000 GBP mn in Jun 2018. This records a decrease from the previous number of 57,517.000 GBP mn for Mar 2018. United Kingdom NFC: Resources: sa: Gross Balance of Primary Resources data is updated quarterly, averaging 38,604.500 GBP mn from Mar 1987 (Median) to Jun 2018, with 126 observations. The data reached an all-time high of 61,125.000 GBP mn in Mar 2011 and a record low of 20,319.000 GBP mn in Mar 1987. United Kingdom NFC: Resources: sa: Gross Balance of Primary Resources data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.AB029: ESA10: Resources and Uses: Non Financial Corporations: Secondary Income.

United Kingdom BoP: CA: Primary Income: Investment: Portfolio: Debt Se data was reported at -6,117.000 GBP mn in Mar 2018. This records an increase from the previous number of -8,504.000 GBP mn for Dec 2017. United Kingdom BoP: CA: Primary Income: Investment: Portfolio: Debt Se data is updated quarterly, averaging -1,527.000 GBP mn from Mar 1984 (Median) to Mar 2018, with 137 observations. The data reached an all-time high of 949.000 GBP mn in Sep 1993 and a record low of -10,659.000 GBP mn in Mar 2013. United Kingdom BoP: CA: Primary Income: Investment: Portfolio: Debt Se data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.JB003: BPM6: Balance of Payments: Current Account: Primary Income.

United Kingdom PC: Resources: sa: API: Gross Operating Surplus data was reported at 96,985.000 GBP mn in Mar 2018. This records an increase from the previous number of 93,569.000 GBP mn for Dec 2017. United Kingdom PC: Resources: sa: API: Gross Operating Surplus data is updated quarterly, averaging 21,791.000 GBP mn from Mar 1955 (Median) to Mar 2018, with 253 observations. The data reached an all-time high of 96,985.000 GBP mn in Mar 2018 and a record low of 793.000 GBP mn in Mar 1955. United Kingdom PC: Resources: sa: API: Gross Operating Surplus data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.AB034: ESA10: Resources and Uses: Private Non Financial Corporations: Primary Income.

United Kingdom PF: RC: sa: API: Gross Operating Surplus data was reported at 2,741.000 GBP mn in Jun 2018. This records a decrease from the previous number of 3,000.000 GBP mn for Mar 2018. United Kingdom PF: RC: sa: API: Gross Operating Surplus data is updated quarterly, averaging 2,018.500 GBP mn from Mar 1955 (Median) to Jun 2018, with 254 observations. The data reached an all-time high of 4,943.000 GBP mn in Jun 2016 and a record low of 123.000 GBP mn in Mar 1955. United Kingdom PF: RC: sa: API: Gross Operating Surplus data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.AB031: ESA10: Resources and Uses: Public Non Financial Corporations: Primary Income.

United Kingdom LG: RC: SIA: Balance of Gross Primary Income data was reported at 2,705.000 GBP mn in Jun 2018. This records an increase from the previous number of 1,085.000 GBP mn for Mar 2018. United Kingdom LG: RC: SIA: Balance of Gross Primary Income data is updated quarterly, averaging 828.500 GBP mn from Mar 1987 (Median) to Jun 2018, with 126 observations. The data reached an all-time high of 3,123.000 GBP mn in Mar 1987 and a record low of -713.000 GBP mn in Mar 2012. United Kingdom LG: RC: SIA: Balance of Gross Primary Income data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.AB046: ESA10: Resources and Uses: Local Government: Secondary Income.

United Kingdom FC: Uses: API: Balance of Gross Primary Income data was reported at 4,656.000 GBP mn in Mar 2018. This records a decrease from the previous number of 5,634.000 GBP mn for Dec 2017. United Kingdom FC: Uses: API: Balance of Gross Primary Income data is updated quarterly, averaging -2,438.000 GBP mn from Mar 1987 (Median) to Mar 2018, with 125 observations. The data reached an all-time high of 12,419.000 GBP mn in Dec 2012 and a record low of -11,716.000 GBP mn in Dec 2000. United Kingdom FC: Uses: API: Balance of Gross Primary Income data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.AB037: ESA10: Resources and Uses: Financial Corporations: Primary Income.

HN: Uses: Balance of Gross Primary Income data was reported at 400,488.000 GBP mn in Mar 2018. This records an increase from the previous number of 378,457.000 GBP mn for Dec 2017. HN: Uses: Balance of Gross Primary Income data is updated quarterly, averaging 231,046.000 GBP mn from Mar 1987 (Median) to Mar 2018, with 125 observations. The data reached an all-time high of 400,488.000 GBP mn in Mar 2018 and a record low of 87,465.000 GBP mn in Mar 1987. HN: Uses: Balance of Gross Primary Income data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.AB049: ESA10: Resources and Uses: Household and Non Profit Institutions Serving Households: Primary Income.

United Kingdom UK: BOP: Current Account: Primary Income: Receipts data was reported at 225.882 USD bn in 2017. This records an increase from the previous number of 185.927 USD bn for 2016. United Kingdom UK: BOP: Current Account: Primary Income: Receipts data is updated yearly, averaging 136.335 USD bn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 620.835 USD bn in 2007 and a record low of 3.586 USD bn in 1970. United Kingdom UK: BOP: Current Account: Primary Income: Receipts 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: Balance of Payments: Current Account. Primary income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.