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 2020 108.60 0.37%
UK Inflation Rate Feb 2020 1.70% -5.56%
Employment (View all 1)
UK Unemployment Rate Dec 2019 3.90% 2.63%
Energy (View all 1)
United Kingdom Gas Rig Count Mar 2020 0.00
United Kingdom Petroleum Products Demand Jan 2020 5.812M mt 3.21%
GDP (View all 1)
United Kingdom GDP (SCA) Q4 2019 647.62B EUR 4.94%
United Kingdom Real GDP Growth (SCA) Q4 2019 1.10% -8.33%
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 Q3 2019 148.02 0.59%
Interest Rates (View all 1)
3-Month LIBOR based on US Dollar Apr 01 2020 1.44% -0.97%
United Kingdom Long Term Interest Rate Feb 2020 0.57% -14.93%
Producer Prices (View all 3)
UK Producer Price Index: Net Sector Input (NSA) Feb 2020 112.80 -1.57%
Sentiment Surveys (View all 1)
United Kingdom Economic Sentiment Indicator Mar 2020 92.00 -3.66%
View and sort all 1608 United Kingdom Indicators
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United Kingdom Sources

Office for National Statistics

Related Indicator Reports

Report Last Updated
UK Quarterly National Accounts Report Mar 31, 04:33 EDT
UK Business Investment Report Mar 31, 04:33 EDT
UK Retail Sales Report Mar 26, 05:31 EDT
UK Producer Price Index Report Mar 25, 05:32 EDT
UK House Price Index Report Mar 25, 05:31 EDT
UK Consumer Price Index Report Mar 25, 05:31 EDT
UK Public Sector Finances Report Mar 20, 05:37 EDT
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