United Kingdom (UK, Great Britain or the British Isles) Economic Statistics and Indicators

21, Jul 2018, EDT. Welcome to the United Kingdom economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: United Kingdom (UK, Great Britain or the British Isles) › Change country
National or Regional Currency: United Kingdom Pound (Sterling), GBP
Year of data: 2015 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 63,742,977 (July 2014 est.)
Area: total: 243,610 sq km ; land: 241,930 sq km ; water: 1,680 sq km ; note: includes Rockall and Shetland Islands
Natural Resources: coal, petroleum, natural gas, iron ore, lead, zinc, gold, tin, limestone, salt, clay, chalk, gypsum, potash, silica sand, slate, arable land
Capital: name: London ; geographic coordinates: 51 30 N, 0 05 W ; time difference: UTC 0 (5 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October ; note: applies to the United Kingdom proper, not to its overseas dependencies or territories

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.
More on the United Kingdom Economy
More on the United Kingdom Export, Import and Trade

Economic Indicator Listing
  For United Kingdom in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 2.248 %
GDP (Current Prices, National Currency)GBP 1,864.00 Billion.
GDP (Current Prices, US Dollars)US$ 2,849.35 Billion
GDP Deflator 104.189 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)GBP 27,482.73 .
GDP Per Capita (Current Prices, National Currency)GBP 28,634.07 .
GDP Per Capita (Current Prices, US Dollars)US$ 43,770.69
Output Gap, Percent of Potential GDP -0.269 %
GDP (PPP), US DollarsUS$ 2,679.33 Billion
GDP Per Capita (PPP), US DollarsUS$ 41,158.91
GDP Share of World Total (PPP) 2.36 %
Implied PPP Conversion Rate 0.696
Investment (% of GDP) 17.156 %
Gross National Savings (% of GDP) 12.823 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 100.008 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 0.05 %
Inflation, End of Year (Indexed to Year 2000) 100.3 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 0.1 %
Import Volume of All Items Including Goods and Services (Percent Change) 6.213 %
Import Volumes of Goods Only (Percent Change) 6.064 %
Export Volume of All Items Including Goods and Services (Percent Change) 5.04 %
Export Volumes of Goods Only (Percent Change) 6.651 %
Unemployment Rate (% of Labour Force) 5.376 %
Employment 31.19 Million
Population 65.097 Million
General government revenue (National Currency)GBP 666.254 Billions.
General government revenue (% of GDP) 35.743 %
General government total expenditure (National Currency)GBP 748.757 Billions.
General government total expenditure (% of GDP) 40.169 %
Total Government Net Lending/ Borrowing (National Currency)GBP -82.503 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -4.426 %
General Government Structural Balance (National Currency)GBP -77.535 Billion.
General Government Structural Balance (% Potential GDP) -4.148 %
Fiscal Year Gross Domestic Product, Current PricesGBP 1,864.00 Billions.
Current Account Balance (US Dollars)US$ -123.454 Billion
Current Account Balance (% GDP) -4.333 %
Economic Indicators for United Kingdom 2015

GDP (Constant Prices, National Currency) for United Kingdom in year 2015 is GBP 1,789.05 Billion.

GDP Growth (Constant Prices, National Currency) for United Kingdom in year 2015 is 2.248 %.

GDP (Current Prices, National Currency) for United Kingdom in year 2015 is GBP 1,864.00 Billion.

GDP (Current Prices, US Dollars) for United Kingdom in year 2015 is US$ 2,849.35 Billion.

GDP Deflator for United Kingdom in year 2015 is 104.189 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for United Kingdom in year 2015 is GBP 27,482.73 .

GDP Per Capita (Current Prices, National Currency) for United Kingdom in year 2015 is GBP 28,634.07 .

GDP Per Capita (Current Prices, US Dollars) for United Kingdom in year 2015 is US$ 43,770.69 .

Output Gap, Percent of Potential GDP for United Kingdom in year 2015 is -0.269 %.

GDP (PPP), US Dollars for United Kingdom in year 2015 is US$ 2,679.33 Billion.

GDP Per Capita (PPP), US Dollars for United Kingdom in year 2015 is US$ 41,158.91 .

GDP Share of World Total (PPP) for United Kingdom in year 2015 is 2.36 %.

Implied PPP Conversion Rate for United Kingdom in year 2015 is 0.696 .

Investment (% of GDP) for United Kingdom in year 2015 is 17.156 %.

Gross National Savings (% of GDP) for United Kingdom in year 2015 is 12.823 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for United Kingdom in year 2015 is 100.008 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for United Kingdom in year 2015 is 0.05 %.

Inflation, End of Year (Indexed to Year 2000) for United Kingdom in year 2015 is 100.3 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for United Kingdom in year 2015 is 0.1 %.

Import Volume of All Items Including Goods and Services (Percent Change) for United Kingdom in year 2015 is 6.213 %.

Import Volumes of Goods Only (Percent Change) for United Kingdom in year 2015 is 6.064 %.

Export Volume of All Items Including Goods and Services (Percent Change) for United Kingdom in year 2015 is 5.04 %.

Export Volumes of Goods Only (Percent Change) for United Kingdom in year 2015 is 6.651 %.

Unemployment Rate (% of Labour Force) for United Kingdom in year 2015 is 5.376 %.

Employment for United Kingdom in year 2015 is 31.19 Million .

Population for United Kingdom in year 2015 is 65.097 Million .

General government revenue (National Currency) for United Kingdom in year 2015 is GBP 666.254 Billions.

General government revenue (% of GDP) for United Kingdom in year 2015 is 35.743 %.

General government total expenditure (National Currency) for United Kingdom in year 2015 is GBP 748.757 Billions.

General government total expenditure (% of GDP) for United Kingdom in year 2015 is 40.169 %.

Total Government Net Lending/ Borrowing (National Currency) for United Kingdom in year 2015 is GBP -82.503 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for United Kingdom in year 2015 is -4.426 %.

General Government Structural Balance (National Currency) for United Kingdom in year 2015 is GBP -77.535 Billion.

General Government Structural Balance (% Potential GDP) for United Kingdom in year 2015 is -4.148 %.

Fiscal Year Gross Domestic Product, Current Prices for United Kingdom in year 2015 is GBP 1,864.00 Billions.

Current Account Balance (US Dollars) for United Kingdom in year 2015 is US$ -123.454 Billion.

Current Account Balance (% GDP) for United Kingdom in year 2015 is -4.333 %.

* Source: IMF
Aggregate Indicators for United Kingdom
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for United Kingdom
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for United Kingdom
  Natural Resources, Agricultural Products, Land Use and Water Use for United Kingdom
  Nationality, Ethnic Groups, Languages and Religions for United Kingdom
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for United Kingdom
  Age Structure, Median Age, Gender and Urbanization for United Kingdom
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for United Kingdom
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for United Kingdom
  HIV, AIDS and Other Major Infectious Disease Rates for United Kingdom
  Literacy Rate, Educational Expenditure and School Life Expectancy for United Kingdom
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for United Kingdom
  Industries and Industrial Growth Production Rate for United Kingdom
  Labor Force by Occupation for United Kingdom
  Poverty Line, Gini Index, Household Income and Consumption for United Kingdom
  National Budget and Public Debt for United Kingdom
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for United Kingdom
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for United Kingdom
  Stock Market Capitalization: Market Value of Publicly Traded Shares for United Kingdom
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for United Kingdom
  Foreign Exchange Reserves and Gold Reserves for United Kingdom
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for United Kingdom
  Exchange Rate Statistics for United Kingdom
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for United Kingdom
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for United Kingdom
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for United Kingdom
  Television and Radio Statistics (TV Stats, Radio Stats) for United Kingdom
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for United Kingdom
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for United Kingdom
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for United Kingdom
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for United Kingdom
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for United Kingdom
* Source: CIA
Internet Indicators for United Kingdom
Indicators
  Number of Internet Users for United Kingdom
  Internet Penetration Rate for United Kingdom
  Number of Facebook Accounts for United Kingdom
  Facebook Penetration Rate for United Kingdom
* Source: IWS
Economic Freedom Indicators for United Kingdom
Indicators
  Economic Freedom World Rank for United Kingdom
  Government Spending for United Kingdom
  Monetary Freedom for United Kingdom
  Investment Freedom for United Kingdom
  Financial Freedom for United Kingdom
  Property Rights for United Kingdom
  Economic Freedom Regional Ranking for United Kingdom
  Freedom from Corruption for United Kingdom
  Labor Freedom for United Kingdom
  Tariff Rate for United Kingdom
  Income Tax Rate for United Kingdom
  Corporate Tax Rate for United Kingdom
  Tax Burden % of GDP for United Kingdom
  Government Expenditure % of GDP for United Kingdom
  Business Freedom for United Kingdom
  Trade Freedom for United Kingdom
  Fiscal Freedom for United Kingdom
  2016 Score for United Kingdom
* Source: HFO
United Kingdom Economic Indicators in other Years
  United Kingdom Economic Indicators for Year 2021 (Forecast)
  United Kingdom Economic Indicators for Year 2020 (Forecast)
  United Kingdom Economic Indicators for Year 2019 (Forecast)
  United Kingdom Economic Indicators for Year 2018 (Forecast)
  United Kingdom Economic Indicators for Year 2017 (Forecast)
  United Kingdom Economic Indicators for Year 2016 (Forecast)
United Kingdom Economic Indicators for Year 2015 (Current)
  United Kingdom Economic Indicators for Year 2014
  United Kingdom Economic Indicators for Year 2013
  United Kingdom Economic Indicators for Year 2012
  United Kingdom Economic Indicators for Year 2011
  United Kingdom Economic Indicators for Year 2010
  United Kingdom Economic Indicators for Year 2009
  United Kingdom Economic Indicators for Year 2008
  United Kingdom Economic Indicators for Year 2007
  United Kingdom Economic Indicators for Year 2006
  United Kingdom Economic Indicators for Year 2005
  United Kingdom Economic Indicators for Year 2004
  United Kingdom Economic Indicators for Year 2003
  United Kingdom Economic Indicators for Year 2002
  United Kingdom Economic Indicators for Year 2001
  United Kingdom Economic Indicators for Year 2000
  United Kingdom Economic Indicators for Year 1999
  United Kingdom Economic Indicators for Year 1998
  United Kingdom Economic Indicators for Year 1997
  United Kingdom Economic Indicators for Year 1996
  United Kingdom Economic Indicators for Year 1995
  United Kingdom Economic Indicators for Year 1994
  United Kingdom Economic Indicators for Year 1993
  United Kingdom Economic Indicators for Year 1992
  United Kingdom Economic Indicators for Year 1991
  United Kingdom Economic Indicators for Year 1990
  United Kingdom Economic Indicators for Year 1989
  United Kingdom Economic Indicators for Year 1988
  United Kingdom Economic Indicators for Year 1987
  United Kingdom Economic Indicators for Year 1986
  United Kingdom Economic Indicators for Year 1985
  United Kingdom Economic Indicators for Year 1984
  United Kingdom Economic Indicators for Year 1983
  United Kingdom Economic Indicators for Year 1982
  United Kingdom Economic Indicators for Year 1981
  United Kingdom Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International