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) Oct 2020 109.10 0.00%
UK Inflation Rate Oct 2020 0.70% 40.00%
Employment (View all 1)
UK Unemployment Rate Aug 2020 4.80% 6.67%
Energy (View all 1)
United Kingdom Gas Rig Count Oct 2020 1.00
United Kingdom Petroleum Products Demand Sep 2020 4.859M mt -2.94%
GDP (View all 2)
United Kingdom GDP (SCA) Q2 2020 535.85B EUR -16.88%
United Kingdom Real GDP YoY (SCA) Q2 2020 -21.50%
Government Assets and Liabilities (View all 1)
UK General Government Gross Debt Outlook (NSA) 2025 117.0% of GDP 0.52%
House Prices (View all 1)
United Kingdom House Price Index Q1 2020 150.42 1.10%
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 (DISCONTINUED) (NSA) Sep 2020 110.00 0.64%
Sentiment Surveys (View all 1)
United Kingdom Economic Sentiment Indicator Nov 2020 78.40 -7.33%
View and sort all 1611 United Kingdom Indicators

Related Indicator Reports

Report Last Updated
UK Public Sector Finances Nov 20, 04:31 EST
UK Retail Sales Nov 20, 04:31 EST
UK Consumer Price Index Nov 18, 04:32 EST
UK House Price Index Nov 18, 04:32 EST
UK Business Investment Nov 12, 04:39 EST
UK Industrial Production Index Nov 12, 04:34 EST
UK Quarterly National Accounts Nov 12, 04:34 EST



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