Annual government: Gross fixed capital formation … function fixed in United Kingdom
United Kingdom: Annual government: Gross fixed capital formation … function fixed was 93,796 National currency in 2024. ▲ Rising
Annual government expenditure by function (COFOG) — Gross fixed in United Kingdom, 1995–2024
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 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 peaked at 93,796 National currency in 2024 and was at its lowest, 17,118 National currency, in 1997.
That places United Kingdom 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: Gross fixed capital formation … function fixed in United Kingdom, year by year
| 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% |
United Kingdom compared with similar countries
- United Kingdom's 93,796 National currency is above the median for high income countries, which is 93,394 National currency, 1.0× the median. (26 countries reporting)
- United Kingdom's 93,796 National currency is above the median for Europe & Central Asia, which is 78,345 National currency, 1.2× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
More public sector data for United Kingdom
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is annual government expenditure by function (cofog) — gross fixed in United Kingdom?
- Annual government expenditure by function (cofog) — gross fixed in United Kingdom 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?
- 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?
- The lowest recorded value was 17,118 National currency in 1997.
- How does United Kingdom rank for annual government expenditure by function (cofog) — gross fixed?
- United Kingdom 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?
- 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 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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About this data
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