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) Feb 2017 102.10 0.69%
UK Inflation Rate (NSA) Feb 2017 2.30% 20.69%
Economic Activity Indexes (View all 1)
United Kingdom Economic Freedom Index 2016 76.40 0.79%
Employment (View all 1)
UK Unemployment Rate Dec 2016 4.70% -2.08%
Energy (View all 1)
United Kingdom Gas Rig Count Feb 2017 2.00 100.0%
United Kingdom Petroleum Products Demand Dec 2016 5.865M mt -4.39%
GDP (View all 1)
United Kingdom GDP (SCA) Q4 2016 568.53B EUR -0.88%
United Kingdom Real GDP Growth (SCA) Q4 2016 -14.60M EUR 4.29%
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 Q1 2016 148.21 1.92%
Interest Rates (View all 1)
3-Month LIBOR based on US Dollar Mar 20 2017 1.16% 0.39%
United Kingdom Long Term Interest Rate May 2015 1.94% 17.58%
Producer Prices (View all 3)
UK Producer Price Index: Net Sector Input (NSA) Feb 2017 106.50 -0.28%
Sentiment Surveys (View all 1)
United Kingdom Economic Sentiment Indicator Feb 2017 109.40 2.15%
View and sort all 1798 United Kingdom Indicators
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United Kingdom Sources

Office for National Statistics

Related Indicator Reports

Report Last Updated
UK Retail Sales Report Mar 23, 05:31 EDT
UK Consumer Price Index Report Mar 21, 05:32 EDT
UK Producer Price Index Report Mar 21, 05:31 EDT
UK Public Sector Finances Report Mar 21, 05:31 EDT
UK Labor Market Statistics Report Mar 15, 05:31 EDT
UK Industrial Production Index Report Mar 10, 04:31 EST
UK Business Investment Report Feb 22, 19:51 EST
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