Annual government expenditure by function (COFOG) — Gross fixed in United Kingdom of Great Britain and Northern Ireland

United Kingdom of Great Britain and Northern Ireland: Annual government expenditure by function (COFOG) — Gross fixed was 93,796 National currency in 2024. ▲ Rising

Latest (2024)
93,796 National currency
Change on year
up 6.8%
World rank
14th
of 27 countries
All-time high
93,796 National currency
in 2024
All-time low
17,118 National currency
in 1997
Years of data
30
1995–2024

Annual government expenditure by function (COFOG) — Gross fixed in United Kingdom of Great Britain and Northern Ireland, 1995–2024

20.0k40.0k60.0k80.0k100.0k1995200920241995: 19.2k National currency1996: 17.6k National currency1997: 17.1k National currency1998: 18.6k National currency1999: 18.5k National currency2000: 18.9k National currency2001: 22.9k National currency2002: 25.5k National currency2003: 28.0k National currency2004: 34.0k National currency2005: 43.5k National currency2006: 37.6k National currency2007: 39.7k National currency2008: 48.1k National currency2009: 52.0k National currency2010: 51.3k National currency2011: 47.8k National currency2012: 45.5k National currency2013: 43.7k National currency2014: 50.2k National currency2015: 51.7k National currency2016: 51.4k National currency2017: 57.6k National currency2018: 58.4k National currency2019: 62.3k National currency2020: 66.0k National currency2021: 71.6k National currency2022: 79.0k National currency2023: 87.8k National currency2024: 93.8k National currency

Source: Organisation for Economic Co-operation and Development. Measured in National currency.

Analysis

The most recent figure for annual government expenditure by function (cofog) — gross fixed in United Kingdom of Great Britain and Northern Ireland is 93,796 National currency, measured in 2024. That is the highest value across all 30 years on record.

The figure is up 6.8% on the previous year and up 86.8% over ten years.

Over the whole period, annual government expenditure by function (cofog) — gross fixed in United Kingdom of Great Britain and Northern Ireland peaked at 93,796 National currency in 2024 and was at its lowest, 17,118 National currency, in 1997.

That places United Kingdom of Great Britain and Northern Ireland 14th out of 27 countries with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently rising across the 30 years of available data.

Annual government expenditure by function (COFOG) — Gross fixed in United Kingdom of Great Britain and Northern Ireland, year by year

Annual values for Annual government expenditure by function (COFOG) — Gross fixed capital formation in United Kingdom of Great Britain and Northern Ireland, 1995 to 2024.
Year National currency Change
1995 19,238 National currency
1996 17,616 National currency -8.4%
1997 17,118 National currency -2.8%
1998 18,641 National currency +8.9%
1999 18,512 National currency -0.7%
2000 18,923 National currency +2.2%
2001 22,933 National currency +21.2%
2002 25,528 National currency +11.3%
2003 27,953 National currency +9.5%
2004 34,048 National currency +21.8%
2005 43,504 National currency +27.8%
2006 37,632 National currency -13.5%
2007 39,689 National currency +5.5%
2008 48,106 National currency +21.2%
2009 51,967 National currency +8.0%
2010 51,313 National currency -1.3%
2011 47,847 National currency -6.8%
2012 45,541 National currency -4.8%
2013 43,737 National currency -4.0%
2014 50,225 National currency +14.8%
2015 51,663 National currency +2.9%
2016 51,366 National currency -0.6%
2017 57,598 National currency +12.1%
2018 58,396 National currency +1.4%
2019 62,276 National currency +6.6%
2020 65,974 National currency +5.9%
2021 71,608 National currency +8.5%
2022 78,979 National currency +10.3%
2023 87,825 National currency +11.2%
2024 93,796 National currency +6.8%

Averages by decade

DecadeAverage LowestHighest Years
1990s 18,225 National currency 17,118 National currency 19,238 National currency 5
2000s 35,028 National currency 18,923 National currency 51,967 National currency 10
2010s 51,996 National currency 43,737 National currency 62,276 National currency 10
2020s 79,636 National currency 65,974 National currency 93,796 National currency 5

Countries ranked near United Kingdom of Great Britain and Northern Ireland

  1. 11 Romania 103,192 National currency compare
  2. 12 Israel 102,961 National currency compare
  3. 13 Australia 101,606 National currency compare
  4. 15 Denmark 92,992 National currency compare
  5. 16 Italy 78,345 National currency compare
  6. 17 Spain 43,485 National currency compare

See the full ranking of 38 places →

More public sector data for United Kingdom of Great Britain and Northern Ireland

All data for United Kingdom of Great Britain and Northern Ireland →

Frequently asked questions

What is annual government expenditure by function (cofog) — gross fixed in United Kingdom of Great Britain and Northern Ireland?
Annual government expenditure by function (cofog) — gross fixed in United Kingdom of Great Britain and Northern Ireland was 93,796 National currency in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest annual government expenditure by function (cofog) — gross fixed recorded in United Kingdom of Great Britain and Northern Ireland?
The highest recorded value was 93,796 National currency in 2024.
What is the lowest annual government expenditure by function (cofog) — gross fixed recorded in United Kingdom of Great Britain and Northern Ireland?
The lowest recorded value was 17,118 National currency in 1997.
How does United Kingdom of Great Britain and Northern Ireland rank for annual government expenditure by function (cofog) — gross fixed?
United Kingdom of Great Britain and Northern Ireland ranks 14th out of 27 countries with data for 2024.
Is annual government expenditure by function (cofog) — gross fixed rising or falling in United Kingdom of Great Britain and Northern Ireland?
Over the last ten years it is up 86.8%. The long-run trend across the full record is rising.
Where does this United Kingdom of Great Britain and Northern Ireland data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross fixed capital formation. Statizoid updates them automatically from the source API.

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Annual government expenditure by function (COFOG) — Gross fixed in United Kingdom of Great Britain and Northern Ireland. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 26 August 2026, from https://public-sector.statizoid.com/stat/annual-government-expenditure-by-function-cofog-gross-fixed-capital-formation/united-kingdom/

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About this data

Indicator
Annual government expenditure by function (COFOG) — Gross fixed capital formation
Unit
National currency
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
38 places, 1,116 data points, 1970–2025
Last refreshed

This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org