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United Kingdom

Headline economic indicators for United Kingdom, with the most recent official readings.

Prices

Prices — United Kingdom
Indicator Value Change
Inflation rate · 3.9% +0.61 (+18.7%)
Consumer price index · 153.1 +5.72 (+3.9%)
Inflation rate (monthly) · 3.5% +0.40 (+12.9%)
Harmonised consumer price index · 144.1 +0.50 (+0.3%)
Consumer price index (monthly) · 144.1 +0.50 (+0.3%)
House price index (quarterly) · 172.7 +1.33 (+0.8%)
House price inflation, year on year (quarterly) · 2.9% +1.69 (+143.8%)
Real house price index (quarterly) · 108.5 -0.80 (-0.7%)
Real house price growth, year on year (quarterly) · 0.1% +1.98 (+105.4%)
Producer prices, year on year (monthly) · 4.6% +0.70 (+17.9%)
GDP deflator inflation · 3.7% -0.24 (-6.2%)

GDP

GDP — United Kingdom
Indicator Value Change
GDP growth rate · 1.4% +0.31 (+28.5%)
GDP per capita · 57,601.96 +4,261 (+8.0%)
GDP growth, quarter on quarter · 0.5% -0.10 (-16.7%)
GDP growth, year on year (quarterly) · 1.4% +0.60 (+75.0%)
Industrial production, year on year (monthly) · 1.6% +0.80 (+100.0%)
Retail sales volume, year on year (monthly) · 0.8% -1.90 (-70.4%)
GDP per capita, long-run history · 38,407 +1,272 (+3.4%)
GDP · 4,002,587,541,846.01 +307,048,028,312 (+8.3%)
GDP, PPP · 4,489,311,553,269 +135,730,375,438 (+3.1%)
GDP per capita, PPP · 64,606 +1,767 (+2.8%)
GDP per capita growth · 1.1% +1.11 (+5,217.0%)
GNI per capita · 54,550 +5,230 (+10.6%)
Agriculture to GDP · 0.6% -0.00 (-0.0%)
Industry to GDP · 16.5% -0.60 (-3.5%)
Manufacturing to GDP · 7.7% -0.30 (-3.7%)
Services to GDP · 73.1% +0.59 (+0.8%)
Household consumption to GDP · 60.4% -0.33 (-0.5%)
Gross capital formation to GDP · 19.7% +0.52 (+2.7%)
Gross savings to GDP · 17.2% +0.41 (+2.5%)

Labour

Labour — United Kingdom
Indicator Value Change
Unemployment rate · 4.7% +0.39 (+8.8%)
Unemployment rate (monthly) · 4.7% -0.20 (-4.1%)
Labour force participation rate · 61.4% -0.19 (-0.3%)
Female labour force participation rate · 57.3% -0.16 (-0.3%)
Youth unemployment rate · 14.6% +0.33 (+2.3%)
Employment to population ratio · 58.5% -0.41 (-0.7%)
Employment in agriculture · 0.9% -0.02 (-2.5%)
Employment in industry · 15.9% -0.21 (-1.3%)
Employment in services · 83.2% +0.23 (+0.3%)

Money

Money — United Kingdom
Indicator Value Change
Real interest rate · -1.1% +0.54 (+33.5%)
Central bank policy rate · 3.8% -0.25 (-6.3%)
Real effective exchange rate (monthly) · 111.5 -1.15 (-1.0%)
Nominal effective exchange rate (monthly) · 111.4 -0.61 (-0.5%)
Private sector credit to GDP (quarterly) · 128.4% -2.85 (-2.2%)
Credit-to-GDP gap (quarterly) · -20.12 pp -1.26 (-6.7%)
Debt service ratio, private sector (quarterly) · 12.9% -0.20 (-1.5%)
Debt service ratio, households (quarterly) · 8.8% +0.00 (+0.0%)
Debt service ratio, non-financial corporations (quarterly) · 27.3% -0.90 (-3.2%)
10-year government bond yield (monthly) · 4.6% -0.09 (-1.9%)
Broad money to GDP · 141.9% -3.45 (-2.4%)
Private sector credit to GDP · 112.4% -5.61 (-4.8%)
Lending rate · 0.5% +0.00 (+0.0%)
Bank deposit rate · 4.5% +0.85 (+23.5%)
Stock market capitalization to GDP · 97.3% -21.62 (-18.2%)
Bank nonperforming loans · 0.9% -0.07 (-6.7%)
Official exchange rate · 0.76 -0.02 (-2.9%)

Trade

Trade — United Kingdom
Indicator Value Change
Current account to GDP · -3.1% -0.18 (-6.2%)
Exports to GDP · 30.6% -0.46 (-1.5%)
Imports to GDP · 31.9% +0.08 (+0.2%)
Trade to GDP · 62.5% -0.38 (-0.6%)
Exports of goods and services · 1,224,670,037,744.72 +76,977,980,590 (+6.7%)
Imports of goods and services · 1,275,239,250,327.84 +100,689,309,245 (+8.6%)
Trade balance, goods and services (annual) · -52,248,152,850.78 -25,834,516,434 (-97.8%)
Current account balance (annual) · -125,420,187,646.32 -16,378,373,482 (-15.0%)
Foreign direct investment to GDP · 0.9% +1.29 (+367.9%)
Remittances received to GDP · 0.1% +0.00 (+2.4%)
Total reserves, including gold · 214,355,349,052.17 +39,757,505,727 (+22.8%)
Reserves in months of imports · 1.4 +0.20 (+17.1%)

Government

Government — United Kingdom
Indicator Value Change
Government debt to GDP · 130.7% -5.41 (-4.0%)
Government revenue to GDP · 34.8% -0.48 (-1.4%)
Government expense to GDP · 41.2% +0.58 (+1.4%)
Tax revenue to GDP · 26.9% +0.02 (+0.1%)
Government budget balance to GDP · -6.9% +0.11 (+1.6%)
Government consumption to GDP · 21.2% +0.32 (+1.5%)
Education spending to GDP · 5.9% +0.47 (+8.6%)
Health spending to GDP · 11.1% +0.14 (+1.3%)

Demography

Demography — United Kingdom
Indicator Value Change
Population · 69,487,000 +206,000 (+0.3%)
Population, long-run history · 68,093 +441.96 (+0.7%)
Population growth · 0.3% -0.80 (-72.9%)
Life expectancy · 81.4 +0.15 (+0.2%)
Fertility rate · 1.55 -0.01 (-0.6%)
Birth rate · 9.9 -0.13 (-1.3%)
Death rate · 9.7 +0.18 (+1.9%)
Urban population share · 83.3% +0.08 (+0.1%)
Population aged 65 and over · 19.7% +0.20 (+1.0%)
Under-five mortality rate · 4.7 +0.10 (+2.2%)
Population density · 286.4 +3.12 (+1.1%)
Net migration · 389,911 -27,203 (-6.5%)
Gini index · 32.4 -0.30 (-0.9%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Bank of England. Contains public sector information licensed under the Open Government Licence v3.0.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

Source: Office for National Statistics. Contains public sector information licensed under the Open Government Licence v3.0.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

United Kingdom

Economies nearby

Comparable readings from neighbouring economies.