United Kingdom Economy

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With a nominal GDP of $2.4 trillion, Great Britain possesses the third-largest economy in Europe and the sixth largest economy in the world. With 73% of GDP concentrated in service sector, with Great Britain being a major global hub for finance and tourism. In the manufacturing sector, the automotive, aerospace, and pharmaceutical industries make up the substantial majority. Over the last five years, statistical indicators regarding the health of the overall British economy has declined, with government debt rising from 44% to 82.9$ of GDP, unemployment increasing from 5.2% to 7.6%, and the economy officially entering recession beginning in the final quarter of 2008.

Major United Kingdom Indicators

Period Value % Chg Prev
Consumer Prices (View all 1)
UK Consumer Price Index (NSA) Dec 2017 104.90 0.29%
UK Inflation Rate (NSA) Dec 2017 2.94% -6.71%
Economic Activity Indexes (View all 1)
United Kingdom Economic Freedom Index 2017 76.40 0.00
Employment (View all 1)
UK Unemployment Rate Sep 2017 4.30% 0.00
Energy (View all 1)
United Kingdom Gas Rig Count Dec 2017 2.00 100.0%
United Kingdom Petroleum Products Demand Oct 2017 6.038M mt 3.14%
GDP (View all 1)
United Kingdom GDP (SCA) Q3 2017 567.45B EUR -3.45%
United Kingdom Real GDP Growth (SCA) Q3 2017 -3.60% -46.27%
Government Assets and Liabilities (View all 1)
United Kingdom Government Debt (NSA) 2014 88.17% of GDP 2.25%
House Prices (View all 1)
United Kingdom House Price Index Q3 2017 142.54 1.11%
Interest Rates (View all 1)
3-Month LIBOR based on US Dollar Jan 11 2018 1.72% 0.65%
United Kingdom Long Term Interest Rate Jun 2017 0.98% -4.85%
Producer Prices (View all 3)
UK Producer Price Index: Net Sector Input (NSA) Dec 2017 110.40 -0.09%
Sentiment Surveys (View all 1)
United Kingdom Economic Sentiment Indicator Nov 2017 108.80 -1.36%
View and sort all 1800 United Kingdom Indicators
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United Kingdom Sources

Office for National Statistics

Related Indicator Reports

Report Last Updated
UK Retail Sales Report Jan 19, 04:31 EST
UK Consumer Price Index Report Jan 16, 04:31 EST
UK Producer Price Index Report Jan 16, 04:31 EST
UK Industrial Production Index Report Jan 10, 05:51 EST
UK Business Investment Report Dec 22, 04:32 EST
UK Quarterly National Accounts Report Dec 22, 04:31 EST
UK Public Sector Finances Report Dec 21, 04:31 EST
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