Tax revenue (current LCU) in United Kingdom
United Kingdom: Tax revenue (current LCU) was 777.48 billion current LCU in 2024. ◆ Volatile
Latest (2024)
777.48 billion current LCU
Change on year
up 5.1%
World rank
56th
of 157 countries
All-time high
777.48 billion current LCU
in 2024
All-time low
15.66 billion current LCU
in 1972
Years of data
53
1972–2024
Tax revenue 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 777.48 billion current LCU for tax revenue in 2024. That is the highest value across all 53 years on record.
That represents a change of up 5.1% on the previous year and up 67.8% over ten years.
Over the whole period, tax revenue in United Kingdom peaked at 777.48 billion current LCU in 2024 and was at its lowest, 15.66 billion current LCU, in 1972.
That places United Kingdom 56th out of 157 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.
Tax revenue (current LCU) in United Kingdom, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 15.66 billion current LCU | — |
| 1973 | 16.56 billion current LCU | +5.7% |
| 1974 | 20.94 billion current LCU | +26.4% |
| 1975 | 26.52 billion current LCU | +26.6% |
| 1976 | 30.81 billion current LCU | +16.2% |
| 1977 | 35.18 billion current LCU | +14.2% |
| 1978 | 38.81 billion current LCU | +10.3% |
| 1979 | 45.41 billion current LCU | +17.0% |
| 1980 | 58.04 billion current LCU | +27.8% |
| 1981 | 66.30 billion current LCU | +14.2% |
| 1982 | 76.26 billion current LCU | +15.0% |
| 1983 | 79.61 billion current LCU | +4.4% |
| 1984 | 85.97 billion current LCU | +8.0% |
| 1985 | 95.82 billion current LCU | +11.5% |
| 1986 | 100.53 billion current LCU | +4.9% |
| 1987 | 105.60 billion current LCU | +5.0% |
| 1988 | 117.64 billion current LCU | +11.4% |
| 1989 | 128.95 billion current LCU | +9.6% |
| 1990 | 148.69 billion current LCU | +15.3% |
| 1991 | 161.00 billion current LCU | +8.3% |
| 1992 | 163.21 billion current LCU | +1.4% |
| 1993 | 162.65 billion current LCU | -0.3% |
| 1994 | 177.34 billion current LCU | +9.0% |
| 1995 | 197.90 billion current LCU | +11.6% |
| 1996 | 209.89 billion current LCU | +6.1% |
| 1997 | 226.31 billion current LCU | +7.8% |
| 1998 | 249.88 billion current LCU | +10.4% |
| 1999 | 265.84 billion current LCU | +6.4% |
| 2000 | 287.18 billion current LCU | +8.0% |
| 2001 | 295.04 billion current LCU | +2.7% |
| 2002 | 297.40 billion current LCU | +0.8% |
| 2003 | 308.99 billion current LCU | +3.9% |
| 2004 | 332.67 billion current LCU | +7.7% |
| 2005 | 356.51 billion current LCU | +7.2% |
| 2006 | 379.35 billion current LCU | +6.4% |
| 2007 | 401.52 billion current LCU | +5.8% |
| 2008 | 421.64 billion current LCU | +5.0% |
| 2009 | 374.39 billion current LCU | -11.2% |
| 2010 | 406.66 billion current LCU | +8.6% |
| 2011 | 429.63 billion current LCU | +5.6% |
| 2012 | 430.40 billion current LCU | +0.2% |
| 2013 | 447.76 billion current LCU | +4.0% |
| 2014 | 463.40 billion current LCU | +3.5% |
| 2015 | 480.39 billion current LCU | +3.7% |
| 2016 | 506.98 billion current LCU | +5.5% |
| 2017 | 533.06 billion current LCU | +5.1% |
| 2018 | 549.98 billion current LCU | +3.2% |
| 2019 | 561.31 billion current LCU | +2.1% |
| 2020 | 521.48 billion current LCU | -7.1% |
| 2021 | 603.68 billion current LCU | +15.8% |
| 2022 | 685.34 billion current LCU | +13.5% |
| 2023 | 739.61 billion current LCU | +7.9% |
| 2024 | 777.48 billion current LCU | +5.1% |
United Kingdom compared with similar countries
- United Kingdom's 777.48 billion current LCU is above the median for high income countries, which is 103.80 billion current LCU, 7.5× the median. (57 countries reporting)
- United Kingdom's 777.48 billion current LCU is above the median for Europe & Central Asia, which is 161.58 billion current LCU, 4.8× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.74 billion current LCU | 15.66 billion current LCU | 45.41 billion current LCU | 8 |
| 1980s | 91.47 billion current LCU | 58.04 billion current LCU | 128.95 billion current LCU | 10 |
| 1990s | 196.27 billion current LCU | 148.69 billion current LCU | 265.84 billion current LCU | 10 |
| 2000s | 345.47 billion current LCU | 287.18 billion current LCU | 421.64 billion current LCU | 10 |
| 2010s | 480.96 billion current LCU | 406.66 billion current LCU | 561.31 billion current LCU | 10 |
| 2020s | 665.52 billion current LCU | 521.48 billion current LCU | 777.48 billion current LCU | 5 |
Countries ranked near United Kingdom
More public sector data for United Kingdom
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Frequently asked questions
- What is tax revenue in United Kingdom?
- Tax revenue in United Kingdom was 777.48 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in United Kingdom?
- The highest recorded value was 777.48 billion current LCU in 2024.
- What is the lowest tax revenue recorded in United Kingdom?
- The lowest recorded value was 15.66 billion current LCU in 1972.
- How does United Kingdom rank for tax revenue?
- United Kingdom ranks 56th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in United Kingdom?
- Over the last ten years it is up 67.8%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.