Gross domestic product (GDP) in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Gross domestic product (GDP) was 3.26 trillion Domestic currency in 2027. ◆ Volatile
Gross domestic product (GDP) in United Kingdom of Great Britain and Northern Ireland, 1950–2027
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
United Kingdom of Great Britain and Northern Ireland recorded 3.26 trillion Domestic currency for gross domestic product (gdp) in 2027. That is the highest value across all 78 years on record.
Compared with earlier readings it is up 3.6% on the previous year and up 55.4% over ten years.
Over the whole period, gross domestic product (gdp) in United Kingdom of Great Britain and Northern Ireland peaked at 3.26 trillion Domestic currency in 2027 and was at its lowest, 14.32 billion Domestic currency, in 1950.
That places United Kingdom of Great Britain and Northern Ireland 40th out of 86 countries with data for 2027, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 1950 | 14.32 billion Domestic currency | — |
| 1951 | 15.95 billion Domestic currency | +11.4% |
| 1952 | 17.21 billion Domestic currency | +7.9% |
| 1953 | 18.46 billion Domestic currency | +7.2% |
| 1954 | 19.53 billion Domestic currency | +5.8% |
| 1955 | 21.08 billion Domestic currency | +7.9% |
| 1956 | 22.67 billion Domestic currency | +7.6% |
| 1957 | 23.93 billion Domestic currency | +5.6% |
| 1958 | 24.95 billion Domestic currency | +4.3% |
| 1959 | 26.44 billion Domestic currency | +6.0% |
| 1960 | 28.27 billion Domestic currency | +6.9% |
| 1961 | 29.95 billion Domestic currency | +6.0% |
| 1962 | 31.46 billion Domestic currency | +5.0% |
| 1963 | 33.40 billion Domestic currency | +6.2% |
| 1964 | 36.51 billion Domestic currency | +9.3% |
| 1965 | 39.35 billion Domestic currency | +7.8% |
| 1966 | 41.90 billion Domestic currency | +6.5% |
| 1967 | 44.11 billion Domestic currency | +5.3% |
| 1968 | 47.83 billion Domestic currency | +8.4% |
| 1969 | 51.49 billion Domestic currency | +7.6% |
| 1970 | 56.53 billion Domestic currency | +9.8% |
| 1971 | 63.06 billion Domestic currency | +11.5% |
| 1972 | 70.61 billion Domestic currency | +12.0% |
| 1973 | 81.08 billion Domestic currency | +14.8% |
| 1974 | 91.57 billion Domestic currency | +12.9% |
| 1975 | 115.59 billion Domestic currency | +26.2% |
| 1976 | 136.87 billion Domestic currency | +18.4% |
| 1977 | 159.45 billion Domestic currency | +16.5% |
| 1978 | 185.80 billion Domestic currency | +16.5% |
| 1979 | 220.59 billion Domestic currency | +18.7% |
| 1980 | 259.50 billion Domestic currency | +17.6% |
| 1981 | 289.65 billion Domestic currency | +11.6% |
| 1982 | 319.00 billion Domestic currency | +10.1% |
| 1983 | 350.81 billion Domestic currency | +10.0% |
| 1984 | 377.39 billion Domestic currency | +7.6% |
| 1985 | 414.16 billion Domestic currency | +9.7% |
| 1986 | 446.36 billion Domestic currency | +7.8% |
| 1987 | 496.23 billion Domestic currency | +11.2% |
| 1988 | 555.98 billion Domestic currency | +12.0% |
| 1989 | 615.12 billion Domestic currency | +10.6% |
| 1990 | 669.87 billion Domestic currency | +8.9% |
| 1991 | 706.82 billion Domestic currency | +5.5% |
| 1992 | 732.29 billion Domestic currency | +3.6% |
| 1993 | 771.41 billion Domestic currency | +5.3% |
| 1994 | 812.29 billion Domestic currency | +5.3% |
| 1995 | 853.23 billion Domestic currency | +5.0% |
| 1996 | 911.19 billion Domestic currency | +6.8% |
| 1997 | 952.59 billion Domestic currency | +4.5% |
| 1998 | 998.32 billion Domestic currency | +4.8% |
| 1999 | 1.04 trillion Domestic currency | +4.4% |
| 2000 | 1.10 trillion Domestic currency | +5.4% |
| 2001 | 1.14 trillion Domestic currency | +4.0% |
| 2002 | 1.19 trillion Domestic currency | +4.2% |
| 2003 | 1.26 trillion Domestic currency | +5.8% |
| 2004 | 1.32 trillion Domestic currency | +5.0% |
| 2005 | 1.40 trillion Domestic currency | +5.8% |
| 2006 | 1.48 trillion Domestic currency | +5.5% |
| 2007 | 1.55 trillion Domestic currency | +5.1% |
| 2008 | 1.60 trillion Domestic currency | +3.0% |
| 2009 | 1.56 trillion Domestic currency | -2.6% |
| 2010 | 1.61 trillion Domestic currency | +3.5% |
| 2011 | 1.67 trillion Domestic currency | +3.6% |
| 2012 | 1.72 trillion Domestic currency | +3.1% |
| 2013 | 1.79 trillion Domestic currency | +4.2% |
| 2014 | 1.88 trillion Domestic currency | +4.6% |
| 2015 | 1.94 trillion Domestic currency | +3.1% |
| 2016 | 2.02 trillion Domestic currency | +4.2% |
| 2017 | 2.10 trillion Domestic currency | +4.0% |
| 2018 | 2.17 trillion Domestic currency | +3.7% |
| 2019 | 2.26 trillion Domestic currency | +3.7% |
| 2020 | 2.15 trillion Domestic currency | -4.7% |
| 2021 | 2.32 trillion Domestic currency | +7.8% |
| 2022 | 2.54 trillion Domestic currency | +9.8% |
| 2023 | 2.77 trillion Domestic currency | +9.0% |
| 2024 | 2.89 trillion Domestic currency | +4.4% |
| 2025 | 3.02 trillion Domestic currency | +4.3% |
| 2026 | 3.15 trillion Domestic currency | +4.3% |
| 2027 | 3.26 trillion Domestic currency | +3.6% |
United Kingdom of Great Britain and Northern Ireland compared with similar countries
- United Kingdom of Great Britain and Northern Ireland's 3.26 trillion Domestic currency is above the median for high income countries, which is 1.66 trillion Domestic currency, 2.0× the median. (47 countries reporting)
- United Kingdom of Great Britain and Northern Ireland's 3.26 trillion Domestic currency is above the median for Europe & Central Asia, which is 1.16 trillion Domestic currency, 2.8× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) in United Kingdom of Great Britain and Northern Ireland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1975 | +26.2% | 91.57 billion Domestic currency | 115.59 billion Domestic currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 20.46 billion Domestic currency | 14.32 billion Domestic currency | 26.44 billion Domestic currency | 10 |
| 1960s | 38.43 billion Domestic currency | 28.27 billion Domestic currency | 51.49 billion Domestic currency | 10 |
| 1970s | 118.11 billion Domestic currency | 56.53 billion Domestic currency | 220.59 billion Domestic currency | 10 |
| 1980s | 412.42 billion Domestic currency | 259.50 billion Domestic currency | 615.12 billion Domestic currency | 10 |
| 1990s | 845.00 billion Domestic currency | 669.87 billion Domestic currency | 1.04 trillion Domestic currency | 10 |
| 2000s | 1.36 trillion Domestic currency | 1.10 trillion Domestic currency | 1.60 trillion Domestic currency | 10 |
| 2010s | 1.92 trillion Domestic currency | 1.61 trillion Domestic currency | 2.26 trillion Domestic currency | 10 |
| 2020s | 2.76 trillion Domestic currency | 2.15 trillion Domestic currency | 3.26 trillion Domestic currency | 8 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
- 37 Hong Kong, China 3.67 trillion Domestic currency compare
- 38 Canada 3.36 trillion Domestic currency compare
- 39 Denmark 3.36 trillion Domestic currency compare
- 41 France 3.15 trillion Domestic currency compare
- 42 Australia 2.99 trillion Domestic currency compare
- 43 Albania 2.66 trillion Domestic currency compare
More public sector data for United Kingdom of Great Britain and Northern Ireland
- Arms imports 643.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 9.28 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 36.23 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 643.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,180 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0221 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.58 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 81.76 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,951 SIPRI trend indicator values per square kilometre (2023)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is gross domestic product (gdp) in United Kingdom of Great Britain and Northern Ireland?
- Gross domestic product (gdp) in United Kingdom of Great Britain and Northern Ireland was 3.26 trillion Domestic currency in 2027, according to International Monetary Fund.
- What is the highest gross domestic product (gdp) recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 3.26 trillion Domestic currency in 2027.
- What is the lowest gross domestic product (gdp) recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 14.32 billion Domestic currency in 1950.
- How does United Kingdom of Great Britain and Northern Ireland rank for gross domestic product (gdp)?
- United Kingdom of Great Britain and Northern Ireland ranks 40th out of 86 countries with data for 2027.
- Is gross domestic product (gdp) rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is up 55.4%. The long-run trend across the full record is volatile.
- Where does this United Kingdom of Great Britain and Northern Ireland data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP) (Total economy, Domestic currency). Statizoid updates them automatically from the source API.
Download this data
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About this data
The Public Sector Balance Sheet (PSBS) Database shows comprehensive estimates of public sector assets and liabilities that formed the basis for the analysis presented in the October 2018 edition of the Fiscal Monitor. The database covers a broad sample of 55 countries, of which 25 countries contain time-series estimated PSBS and the rest for one single-year data compiled as part of Financial Transparency Evaluations and IMF Technical Assistance missions. The PSBS database is compiled on a best-effort basis, using the conceptual framework of the IMF's Government Finance Statistics Manual 2014. Data for the central and general government generally replicate data reported by country authorities in the IMF's Government Finance Statistics database. Data for the central bank generally replicate data reported by country authorities in the IMF's Monetary and Financial Statistics database. Where these data fail to cover all categories of assets and liabilities, they are complemented by other data reported by statistical authorities at the national level. other international organizations, or staff estimates. Data sources for public corporations are country specific and are captured in the country specific metadata documents.