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) Aug 2020 108.60 -0.46%
UK Inflation Rate Aug 2020 0.20% -80.00%
Employment (View all 1)
UK Unemployment Rate Jun 2020 4.10% 5.13%
Energy (View all 1)
United Kingdom Gas Rig Count Aug 2020 0.00
United Kingdom Petroleum Products Demand Jul 2020 4.748M mt 22.47%
GDP (View all 1)
United Kingdom GDP (SCA) Q2 2020 525.06B EUR -17.83%
United Kingdom Real GDP Growth (SCA) Q2 2020 -21.70%
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 Sep 04 2020 0.25% -0.60%
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) Aug 2020 108.70 -0.64%
Sentiment Surveys (View all 1)
United Kingdom Economic Sentiment Indicator Aug 2020 75.10 -0.53%
View and sort all 1611 United Kingdom Indicators

Related Indicator Reports

Report Last Updated
UK Retail Sales Sep 18, 04:31 EDT
UK House Price Index Sep 16, 04:42 EDT
UK Producer Price Index Sep 16, 04:32 EDT
UK Consumer Price Index Sep 16, 04:31 EDT
UK Labor Market Statistics Sep 15, 04:31 EDT
UK Industrial Production Index Sep 11, 04:34 EDT
UK Public Sector Finances Aug 21, 04:32 EDT

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