Subsidies and other transfers in United Kingdom
United Kingdom: Subsidies and other transfers was 551.88 billion current LCU in 2024. ◆ Volatile
Subsidies and other transfers in United Kingdom, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
United Kingdom recorded 551.88 billion current LCU for subsidies and other transfers in 2024. That is the highest value across all 53 years on record.
That represents a change of up 3.1% on the previous year and up 43.6% over ten years.
Over the whole period, subsidies and other transfers in United Kingdom peaked at 551.88 billion current LCU in 2024 and was at its lowest, 5.76 billion current LCU, in 1972.
That places United Kingdom 54th out of 153 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.08 billion current LCU | 5.76 billion current LCU | 21.20 billion current LCU | 8 |
| 1980s | 46.97 billion current LCU | 30.07 billion current LCU | 58.35 billion current LCU | 10 |
| 1990s | 156.69 billion current LCU | 106.00 billion current LCU | 181.34 billion current LCU | 10 |
| 2000s | 267.45 billion current LCU | 194.89 billion current LCU | 349.50 billion current LCU | 10 |
| 2010s | 385.64 billion current LCU | 367.53 billion current LCU | 408.97 billion current LCU | 10 |
| 2020s | 525.06 billion current LCU | 486.12 billion current LCU | 551.88 billion current LCU | 5 |
Countries ranked near United Kingdom
More public sector data for United Kingdom
- 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)
Frequently asked questions
- What is subsidies and other transfers in United Kingdom?
- Subsidies and other transfers in United Kingdom was 551.88 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in United Kingdom?
- The highest recorded value was 551.88 billion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in United Kingdom?
- The lowest recorded value was 5.76 billion current LCU in 1972.
- How does United Kingdom rank for subsidies and other transfers?
- United Kingdom ranks 54th out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in United Kingdom?
- Over the last ten years it is up 43.6%. The long-run trend across the full record is volatile.
- Where does this United Kingdom data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.