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) May 2020 108.50 0.00%
UK Inflation Rate May 2020 0.50% -37.50%
Employment (View all 1)
UK Unemployment Rate Mar 2020 3.90% 0.00%
Energy (View all 1)
United Kingdom Gas Rig Count Jun 2020 0.00
United Kingdom Petroleum Products Demand Apr 2020 2.879M mt -45.31%
GDP (View all 1)
United Kingdom GDP (SCA) Q1 2020 637.60B EUR -1.56%
United Kingdom Real GDP Growth (SCA) Q1 2020 -1.60%
Government Assets and Liabilities (View all 1)
UK General Government Gross Debt Outlook (NSA) 2024 83.30% of GDP -0.60%
House Prices (View all 1)
United Kingdom House Price Index Q4 2019 149.25 1.09%
Interest Rates (View all 1)
3-Month LIBOR based on US Dollar Jul 01 2020 0.30% -1.16%
United Kingdom Long Term Interest Rate (DISCONTINUED) Feb 2020 0.57% -14.93%
Producer Prices (View all 3)
UK Producer Price Index: Net Sector Input (NSA) May 2020 102.90 0.29%
Sentiment Surveys (View all 1)
United Kingdom Economic Sentiment Indicator Jun 2020 65.20 5.67%
View and sort all 1611 United Kingdom Indicators

Related Indicator Reports

Report Last Updated
UK Quarterly National Accounts Jul 1, 19:00 EDT
UK Business Investment Jun 30, 04:32 EDT
UK Public Sector Finances Jun 19, 04:31 EDT
UK Retail Sales Jun 19, 04:31 EDT
UK Producer Price Index Jun 17, 04:32 EDT
UK Consumer Price Index Jun 17, 04:32 EDT
UK Labor Market Statistics Jun 16, 04:33 EDT



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