The United Kingdom's economy grew by 1.1 percent in 2024, after a growth rate of 0.3 percent in 2023, 5.1 percent in 2022, 8.5 percent in 2021, and a record ten 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.

According to statistics published by the European Commission, the value of data economy in the 27 European Union countries and United Kingdom is estimated to exceed 440 billion euros in 2020. The source defines the data economy as representing the overall impacts of the data market on the economy as a whole. It involves the generation, collection, storage, processing, distribution, analysis elaboration, delivery, and exploitation of data enabled by digital technologies.

United Kingdom Leading Economic Index data was reported at 75.100 2016=100 in Mar 2025. This records a decrease from the previous number of 75.400 2016=100 for Feb 2025. United Kingdom Leading Economic Index data is updated monthly, averaging 71.300 2016=100 from Mar 1970 (Median) to Mar 2025, with 661 observations. The data reached an all-time high of 101.300 2016=100 in Feb 2017 and a record low of 36.300 2016=100 in Dec 1974. United Kingdom Leading Economic Index data remains active status in CEIC and is reported by The Conference Board. The data is categorized under Global Database’s United Kingdom – Table UK.The Conference Board: Leading Economic Index. [COVID-19-IMPACT]

Quarterly transactions in trade in goods and services, primary, secondary and investment income, transactions with EU and non-EU countries and capital account.

The gross domestic product of the United Kingdom in 2024 was around 2.78 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.75 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.  

The Gross Domestic Product (GDP) in the United Kingdom expanded 0.10 percent in the third 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.

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.; ;

The Gross Domestic Product (GDP) in the United Kingdom expanded 1.30 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United Kingdom UK: GDP: Gross National Income data was reported at 2,004,358.000 GBP mn in 2017. This records an increase from the previous number of 1,916,508.000 GBP mn for 2016. United Kingdom UK: GDP: Gross National Income data is updated yearly, averaging 745,110.695 GBP mn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 2,004,358.000 GBP mn in 2017 and a record low of 58,012.724 GBP mn in 1970. United Kingdom UK: GDP: Gross National Income 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. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The Gross Domestic Product (GDP) in the United Kingdom was worth 3643.83 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United Kingdom represents 3.43 percent of the world economy. This dataset provides the latest reported value for - United Kingdom GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United Kingdom GDP: GVA: VI: sa: BP: Services: Transport Storage & Communication data was reported at 105.900 2016=100 in Mar 2018. This records an increase from the previous number of 105.800 2016=100 for Dec 2017. United Kingdom GDP: GVA: VI: sa: BP: Services: Transport Storage & Communication data is updated quarterly, averaging 77.100 2016=100 from Mar 1990 (Median) to Mar 2018, with 113 observations. The data reached an all-time high of 105.900 2016=100 in Mar 2018 and a record low of 37.700 2016=100 in Mar 1991. United Kingdom GDP: GVA: VI: sa: BP: Services: Transport Storage & Communication 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.A031: ESA 2010: GVA: by Industry: Chain Linked: 2016=100: Volume Index: Seasonally Adjusted.

United Kingdom Output per Worker: sa: Whole Economy data was reported at 100.900 2016=100 in Jun 2018. This records an increase from the previous number of 100.600 2016=100 for Mar 2018. United Kingdom Output per Worker: sa: Whole Economy data is updated quarterly, averaging 69.750 2016=100 from Sep 1959 (Median) to Jun 2018, with 236 observations. The data reached an all-time high of 101.200 2016=100 in Dec 2017 and a record low of 33.500 2016=100 in Sep 1959. United Kingdom Output per Worker: sa: Whole Economy 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.G044: Output Per Worker: 2016=100: Seasonally Adjusted.

United Kingdom UK:(GDP) Gross Domestic Productper Person Employed: 2011 PPP data was reported at 79,330.523 Intl $ in 2017. This records a decrease from the previous number of 79,377.656 Intl $ for 2016. United Kingdom UK:(GDP) Gross Domestic Productper Person Employed: 2011 PPP data is updated yearly, averaging 75,217.430 Intl $ from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 79,377.656 Intl $ in 2016 and a record low of 57,399.785 Intl $ in 1991. United Kingdom UK:(GDP) Gross Domestic Productper Person Employed: 2011 PPP 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: Employment and Unemployment. GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2011 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

This statistic reflects the percentage distribution of the perception of the impact of Brexit on the economy of the European Union and the United Kingdom according to a survey conducted between May 31 and June 1, 2016 in Spain. **% of the respondents thought that the departure of the United Kingdom from the European Union would have a negative impact on the economy of the British.

Graph and download economic data for Average Weekly Hours Worked in the United Kingdom (AWHWUKA) from 1260 to 2016 about academic data, United Kingdom, average, and hours.

This statistic shows the Economy Confidence Indicator (ECI) of small and medium enterprises (SMEs) in the United Kingdom (UK) from February 2016 to January 2018. The ECI showed a net decrease of six points between February 2016 and February 2017 but remained mostly negative thereafter.

A recent analysis on the impact of Brexit suggests that in 2023, the United Kingdom's economy was *** percent smaller than it would have been in a base scenario where the UK never left the EU. The estimated hit to the UK's gross domestic product (GDP) increases to ***** percent in 2024, and to *** percent by 2025 in this forecast. UK growth cut at start of turbulent 2025 After growing by *** percent in 2024, the UK economy is expected to grow by *** percent in 2025, down from an earlier forecast of *** percent. As of 2025, the UK economy is approximately *** percent larger than it was just before the COVID-19 pandemic five years earlier, which delivered a sudden and severe economic shock to the country. While the initial bounce back from this collapse was robust, the recovery slowed by the end of 2020, and it wasn't until late 2021 that the economy returned to its pre-pandemic size. Throughout 2022 and 2023, the economy continued to struggle, and even experienced a recession at the end of 2023. How voters feel about Brexit in 2025 Since the middle of 2021, a growing majority of voters in Britain have advised that they think Brexit was the wrong decision. As of January 2025, around ** percent thought it was wrong to leave the EU, compared with just ** percent in April 2021. By comparison, the share of Britons who think Brexit was the right decision has fallen from ** percent to ** percent in the same time period. Voters are, however, still quite divided on what relationship they want with the EU, with only ** percent supporting rejoining completely. Furthermore, Brexit has fallen behind other issues for voters such as the economy, the NHS, and immigration and the issue played a much smaller role in the 2024 election than it did in 2019.

United Kingdom UK:(GDP) Gross Domestic ProductVolume Index data was reported at 112.390 2010=100 in 2016. This records an increase from the previous number of 110.396 2010=100 for 2015. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index data is updated yearly, averaging 51.569 2010=100 from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 112.390 2010=100 in 2016 and a record low of 20.309 2010=100 in 1948. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index 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: Deflator and Volume Index: Annual.

This statistic presents the economic contribution of the takeaway sector in the United Kingdom in 2014 and 2016. The takeaway food service sector contributed an estimated *** billion British pounds to the UK economy in 2016, *** million of which was direct revenue from takeaway restaurants.

Graph and download economic data for 10 Year (Medium-Term) Government Bond Yields in the United Kingdom (GBMT10UKA) from 1929 to 2016 about academic data, 10-year, United Kingdom, bonds, yield, government, interest rate, interest, and rate.