In 2024, the gross domestic product (GDP) of the United Kingdom grew by 0.9 percent and is expected to grow by just one percent in 2025 and by 1.9 percent in 2026. Growth is expected to slow down to 1.8 percent in 2027, and then grow by 1.7, and 1.8 percent in 2027 and 2028 respectively. The sudden emergence of COVID-19 in 2020 and subsequent closure of large parts of the economy were the cause of the huge 9.4 percent contraction in 2020, with the economy recovering somewhat in 2021, when the economy grew by 7.6 percent. UK growth downgraded in 2025 Although the economy is still expected to grow in 2025, the one percent growth anticipated in this forecast has been halved from two percent in October 2024. Increased geopolitical uncertainty as well as the impact of American tariffs on the global economy are some of the main reasons for this mark down. The UK's inflation rate for 2025 has also been revised, with an annual rate of 3.2 percent predicated, up from 2.6 percent in the last forecast. Unemployment is also anticipated to be higher than initially thought, with the annual unemployment rate likely to be 4.5 percent instead of 4.1 percent. Long-term growth problems In the last two quarters of 2023, the UK economy shrank by 0.1 percent in Q3 and by 0.3 percent in Q4, plunging the UK into recession for the first time since the COVID-19 pandemic. Even before that last recession, however, the UK economy has been struggling with weak growth. Although growth since the pandemic has been noticeably sluggish, there has been a clear long-term trend of declining growth rates. The economy has consistently been seen as one of the most important issues to people in Britain, ahead of health, immigration and the environment. Achieving strong levels of economic growth is one of the main aims of the Labour government elected in 2024, although after almost one year in power it has so far proven elusive.

Government spending in the United Kingdom was approximately 44.7 percent of GDP in 2024/25, compared with 39.6 percent in 2019/20.

The government of the United Kingdom borrowed approximately 2.6 percent worth of its GDP in the 2024/25 financial year, compared with 2.3 percent in 2023/24. 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.

Graph and download economic data for Financial System Deposits to GDP for United Kingdom (DISCONTINUED) (DDDI08GBA156NWDB) from 1960 to 2009 about United Kingdom, deposits, financial, and GDP.

United Kingdom UK: Banking Institutions: Foreign Assets data was reported at 3,692,394.000 GBP mn in Sep 2018. This records a decrease from the previous number of 3,715,082.000 GBP mn for Jun 2018. United Kingdom UK: Banking Institutions: Foreign Assets data is updated quarterly, averaging 547,933.000 GBP mn from Mar 1963 (Median) to Sep 2018, with 223 observations. The data reached an all-time high of 3,905,217.000 GBP mn in Dec 2008 and a record low of 1,693.000 GBP mn in Mar 1963. United Kingdom UK: Banking Institutions: Foreign Assets 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: Financial System: Deposit Money Banks: Quarterly.

In 2024, agriculture contributed around 0.56 percent to the United Kingdom’s GDP, 16.74 percent came from the manufacturing industry, and 72.79 percent from the services sector. The UK is not a farmer’s marketThe vast majority of the UK’s GDP is generated by the services sector, and tourism in particular keeps the economy going. In 2017, almost 214 billion British Pounds were contributed to the GDP through travel and tourism – about 277 billion U.S. dollars – and the forecasts see an upwards trend. For comparison, only an estimated 10.3 billion GBP were generated by the agriculture sector in the same year. But is it a tourist’s destination still? Though forecasts are not in yet, it is unclear whether travel and tourism can keep the UK’s economy afloat in the future, especially after Brexit and all its consequences. Higher travel costs, having to wait for visas, and overall more complicated travel arrangements are just some of the concerns tourists have when considering vacationing in the UK after Brexit. Consequences of the referendum are already observable in the domestic travel industry: In 2017, about 37 percent of British travelers said Brexit caused them to cut their holidays short by a few days, and about 14 percent said they did not leave the UK for their holidays because of it.

The United Kingdom: Financial system deposits, percent of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for the United Kingdom from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

United Kingdom UK: Monetary Authorities: Reserve Money data was reported at 537,810.000 GBP mn in 2017. This records an increase from the previous number of 446,877.000 GBP mn for 2016. United Kingdom UK: Monetary Authorities: Reserve Money data is updated yearly, averaging 12,884.500 GBP mn from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 537,810.000 GBP mn in 2017 and a record low of 1,822.000 GBP mn in 1950. United Kingdom UK: Monetary Authorities: Reserve Money 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: Financial System: Monetary Authorities: Annual.

United Kingdom UK: Monetary Authorities: Foreign Assets data was reported at 19,446.000 GBP mn in 2017. This records an increase from the previous number of 17,964.000 GBP mn for 2016. United Kingdom UK: Monetary Authorities: Foreign Assets data is updated yearly, averaging 10,114.500 GBP mn from Dec 1952 (Median) to 2017, with 66 observations. The data reached an all-time high of 39,075.000 GBP mn in 2008 and a record low of 659.000 GBP mn in 1952. United Kingdom UK: Monetary Authorities: Foreign Assets 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: Financial System: Monetary Authorities: Annual.

[The spreadsheet is organised into two parts. The first contains a broad set of annual data covering the UK national accounts and other financial and macroeconomic data stretching back in some cases to the late 17th century. The second and third sections cover the available monthly and quarterly data for the UK to facilitate higher frequency analysis on the macroeconomy and the financial system. The spreadsheet attempts to provide continuous historical time series for most variables up to the present day by making various assumptions about how to link the historical components together. But we also have provided the various chains of raw historical data and retained all our calculations in the spreadsheet so that the method of calculating the continuous times series is clear and users can construct their own composite estimates by using different linking procedures., This dataset contains a broad set of historical data covering the UK national accounts and other financial and macroeconomic data stretching back in some cases to the late 17th century.]

United Kingdom UK: Monetary Authorities: Foreign Liabilities data was reported at 25,697.000 GBP mn in 2017. This records a decrease from the previous number of 25,912.000 GBP mn for 2016. United Kingdom UK: Monetary Authorities: Foreign Liabilities data is updated yearly, averaging 8,100.500 GBP mn from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 50,792.000 GBP mn in 2008 and a record low of 1,918.000 GBP mn in 1976. United Kingdom UK: Monetary Authorities: Foreign Liabilities 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: Financial System: Monetary Authorities: Annual.

Graph and download economic data for Deposit Money Bank Assets to GDP for United Kingdom (DDDI02GBA156NWDB) from 1960 to 2021 about United Kingdom, deposits, assets, banks, depository institutions, and GDP.

Money Supply M3 in the United Kingdom increased to 3716531 GBP Million in October from 3708235 GBP Million in September of 2025. This dataset provides - United Kingdom Money Supply M3 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Abstract

Financial inclusion is critical in reducing poverty and achieving inclusive economic growth. When people can participate in the financial system, they are better able to start and expand businesses, invest in their children’s education, and absorb financial shocks. Yet prior to 2011, little was known about the extent of financial inclusion and the degree to which such groups as the poor, women, and rural residents were excluded from formal financial systems.

By collecting detailed indicators about how adults around the world manage their day-to-day finances, the Global Findex allows policy makers, researchers, businesses, and development practitioners to track how the use of financial services has changed over time. The database can also be used to identify gaps in access to the formal financial system and design policies to expand financial inclusion.

Geographic coverage

National Coverage

Analysis unit

Individual

Universe

The target population is the civilian, non-institutionalized population 15 years and above.

Kind of data

Sample survey data [ssd]

Frequency of data collection

Triennial

Sampling procedure

As in the first edition, the indicators in the 2014 Global Findex are drawn from survey data covering almost 150,000 people in more than 140 economies-representing more than 97 percent of the world's population. The survey was carried out over the 2014 calendar year by Gallup, Inc. as part of its Gallup World Poll, which since 2005 has continually conducted surveys of approximately 1,000 people in each of more than 160 economies and in over 140 languages, using randomly selected, nationally representative samples. The target population is the entire civilian, noninstitutionalized population age 15 and above. The set of indicators will be collected again in 2017.

Surveys are conducted face to face in economies where telephone coverage represents less than 80 percent of the population or is the customary methodology. In most economies the fieldwork is completed in two to four weeks. In economies where face-to-face surveys are conducted, the first stage of sampling is the identification of primary sampling units. These units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. To increase the probability of contact and completion, attempts are made at different times of the day and, where possible, on different days. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used. Respondents are randomly selected within the selected households by means of the Kish grid. In economies where cultural restrictions dictate gender matching, respondents are randomly selected through the Kish grid from among all eligible adults of the interviewer's gender.

In economies where telephone interviewing is employed, random digit dialing or a nationally representative list of phone numbers is used. In most economies where cell phone penetration is high, a dual sampling frame is used. Random selection of respondents is achieved by using either the latest birthday or Kish grid method. At least three attempts are made to reach a person in each household, spread over different days and times of day.

The sample size in United Kingdom was 1,000 individuals.

Mode of data collection

Other [oth]

Research instrument

The questionnaire was designed by the World Bank, in conjunction with a Technical Advisory Board composed of leading academics, practitioners, and policy makers in the field of financial inclusion. The Bill and Melinda Gates Foundation and Gallup Inc. also provided valuable input. The questionnaire was piloted in multiple countries, using focus groups, cognitive interviews, and field testing. The questionnaire is available in 142 languages upon request.

Questions on cash withdrawals, saving using an informal savings club or person outside the family, domestic remittances, school fees, and agricultural payments are only asked in developing economies and few other selected countries. The question on mobile money accounts was only asked in economies that were part of the Mobile Money for the Unbanked (MMU) database of the GSMA at the time the interviews were being held.

Sampling error estimates

Estimates of standard errors (which account for sampling error) vary by country and indicator. For country-specific margins of error, please refer to the Methodology section and corresponding table in Asli Demirguc-Kunt, Leora Klapper, Dorothe Singer, and Peter Van Oudheusden, “The Global Findex Database 2014: Measuring Financial Inclusion around the World.” Policy Research Working Paper 7255, World Bank, Washington, D.C.

United Kingdom UK: Monetary Authorities: Claims on Central Government: Net data was reported at 479,723.000 GBP mn in 2017. This records an increase from the previous number of 471,092.000 GBP mn for 2016. United Kingdom UK: Monetary Authorities: Claims on Central Government: Net data is updated yearly, averaging 9,332.000 GBP mn from Dec 1951 (Median) to 2017, with 67 observations. The data reached an all-time high of 479,723.000 GBP mn in 2017 and a record low of 1,791.000 GBP mn in 1988. United Kingdom UK: Monetary Authorities: Claims on Central Government: Net 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: Financial System: Monetary Authorities: Annual.

The United Kingdom: Bank concentration: percent of bank assets held by top three banks: The latest value from 2021 is 42.91 percent, a decline from 45.28 percent in 2020. In comparison, the world average is 67.43 percent, based on data from 135 countries. Historically, the average for the United Kingdom from 2000 to 2021 is 50.84 percent. The minimum value, 33.84 percent, was reached in 2003 while the maximum of 68.17 percent was recorded in 2004.

United Kingdom UK: Banking Survey: Claims on Government: Net data was reported at 588,924.000 GBP mn in Sep 2018. This records a decrease from the previous number of 602,775.000 GBP mn for Aug 2018. United Kingdom UK: Banking Survey: Claims on Government: Net data is updated monthly, averaging 23,733.000 GBP mn from Jan 1987 (Median) to Sep 2018, with 381 observations. The data reached an all-time high of 622,630.000 GBP mn in Apr 2017 and a record low of -29,210.000 GBP mn in Feb 2007. United Kingdom UK: Banking Survey: Claims on Government: Net 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: Financial System: Monetary.

United Kingdom UK: Banking Survey: Broad Money: % Change over Previous Year data was reported at 8.717 % in 2016. This records an increase from the previous number of 1.974 % for 2015. United Kingdom UK: Banking Survey: Broad Money: % Change over Previous Year data is updated yearly, averaging 8.825 % from Dec 1952 (Median) to 2016, with 65 observations. The data reached an all-time high of 27.901 % in 1972 and a record low of -4.418 % in 2011. United Kingdom UK: Banking Survey: Broad Money: % Change over Previous Year 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: Financial System: Monetary: Annual.

This dataset is about book subjects. It has 1 row and is filtered where the books is British economic growth,1688-1959 : trends and structure. It features 10 columns including number of authors, number of books, earliest publication date, and latest publication date.

Financial inclusion is critical in reducing poverty and achieving inclusive economic growth. When people can participate in the financial system, they are better able to start and expand businesses, invest in their children’s education, and absorb financial shocks. Yet prior to 2011, little was known about the extent of financial inclusion and the degree to which such groups as the poor, women, and rural residents were excluded from formal financial systems.

By collecting detailed indicators about how adults around the world manage their day-to-day finances, the Global Findex allows policy makers, researchers, businesses, and development practitioners to track how the use of financial services has changed over time. The database can also be used to identify gaps in access to the formal financial system and design policies to expand financial inclusion.