Subsidies and other transfers (current LCU) in United Kingdom
United Kingdom: Subsidies and other transfers (current LCU) 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.
Subsidies and other transfers (current LCU) in United Kingdom, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 5.76 billion current LCU | — |
| 1973 | 6.33 billion current LCU | +9.8% |
| 1974 | 7.75 billion current LCU | +22.4% |
| 1975 | 10.21 billion current LCU | +31.8% |
| 1976 | 12.67 billion current LCU | +24.1% |
| 1977 | 14.96 billion current LCU | +18.1% |
| 1978 | 17.80 billion current LCU | +19.0% |
| 1979 | 21.20 billion current LCU | +19.1% |
| 1980 | 30.07 billion current LCU | +41.8% |
| 1981 | 36.75 billion current LCU | +22.2% |
| 1982 | 41.52 billion current LCU | +13.0% |
| 1983 | 42.28 billion current LCU | +1.8% |
| 1984 | 45.39 billion current LCU | +7.4% |
| 1985 | 50.26 billion current LCU | +10.7% |
| 1986 | 53.02 billion current LCU | +5.5% |
| 1987 | 55.45 billion current LCU | +4.6% |
| 1988 | 56.57 billion current LCU | +2.0% |
| 1989 | 58.35 billion current LCU | +3.2% |
| 1990 | 106.00 billion current LCU | +81.7% |
| 1991 | 131.61 billion current LCU | +24.2% |
| 1992 | 152.92 billion current LCU | +16.2% |
| 1993 | 156.15 billion current LCU | +2.1% |
| 1994 | 160.61 billion current LCU | +2.9% |
| 1995 | 165.20 billion current LCU | +2.9% |
| 1996 | 168.83 billion current LCU | +2.2% |
| 1997 | 169.58 billion current LCU | +0.4% |
| 1998 | 174.63 billion current LCU | +3.0% |
| 1999 | 181.34 billion current LCU | +3.8% |
| 2000 | 194.89 billion current LCU | +7.5% |
| 2001 | 202.63 billion current LCU | +4.0% |
| 2002 | 221.78 billion current LCU | +9.4% |
| 2003 | 245.61 billion current LCU | +10.7% |
| 2004 | 261.04 billion current LCU | +6.3% |
| 2005 | 276.33 billion current LCU | +5.9% |
| 2006 | 292.31 billion current LCU | +5.8% |
| 2007 | 305.78 billion current LCU | +4.6% |
| 2008 | 324.64 billion current LCU | +6.2% |
| 2009 | 349.50 billion current LCU | +7.7% |
| 2010 | 367.53 billion current LCU | +5.2% |
| 2011 | 368.05 billion current LCU | +0.1% |
| 2012 | 384.80 billion current LCU | +4.6% |
| 2013 | 377.25 billion current LCU | -2.0% |
| 2014 | 384.27 billion current LCU | +1.9% |
| 2015 | 390.14 billion current LCU | +1.5% |
| 2016 | 386.79 billion current LCU | -0.9% |
| 2017 | 388.76 billion current LCU | +0.5% |
| 2018 | 399.82 billion current LCU | +2.8% |
| 2019 | 408.97 billion current LCU | +2.3% |
| 2020 | 548.79 billion current LCU | +34.2% |
| 2021 | 503.49 billion current LCU | -8.3% |
| 2022 | 486.12 billion current LCU | -3.4% |
| 2023 | 535.04 billion current LCU | +10.1% |
| 2024 | 551.88 billion current LCU | +3.1% |
United Kingdom compared with similar countries
- United Kingdom's 551.88 billion current LCU is above the median for high income countries, which is 61.98 billion current LCU, 8.9× the median. (57 countries reporting)
- United Kingdom's 551.88 billion current LCU is above the median for Europe & Central Asia, which is 139.03 billion current LCU, 4.0× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Subsidies and other transfers (current LCU) in United Kingdom 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 |
|---|---|---|---|
| 1990 | +81.7% | 58.35 billion current LCU | 106.00 billion current LCU |
| 1980 | +41.8% | 21.20 billion current LCU | 30.07 billion current LCU |
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
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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.
Download this data
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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.