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) Dec 2019 108.50 0.00%
UK Inflation Rate Dec 2019 1.30% -13.33%
Employment (View all 1)
UK Unemployment Rate Sep 2019 3.80% 0.00%
Energy (View all 1)
United Kingdom Gas Rig Count Dec 2019 1.00 0.00%
United Kingdom Petroleum Products Demand Oct 2019 5.923M mt 2.99%
GDP (View all 1)
United Kingdom GDP (SCA) Q3 2019 615.16B EUR -2.50%
United Kingdom Real GDP Growth (SCA) Q3 2019 1.00% -23.08%
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 Q2 2019 147.42 -0.08%
Interest Rates (View all 1)
3-Month LIBOR based on US Dollar Jan 10 2020 1.84% -0.55%
United Kingdom Long Term Interest Rate Dec 2019 0.78% 6.85%
Producer Prices (View all 3)
UK Producer Price Index: Net Sector Input (NSA) Dec 2019 112.90 -0.18%
Sentiment Surveys (View all 1)
United Kingdom Economic Sentiment Indicator Nov 2019 90.90 1.22%
View and sort all 1600 United Kingdom Indicators

United Kingdom Sources

Office for National Statistics

Related Indicator Reports

Report Last Updated
UK Retail Sales Report Jan 17, 04:41 EST
UK Consumer Price Index Report Jan 15, 04:38 EST
UK Producer Price Index Report Jan 15, 04:33 EST
UK House Price Index Report Jan 15, 04:33 EST
UK Industrial Production Index Report Jan 13, 04:36 EST
UK Business Investment Report Dec 20, 04:32 EST
UK Public Sector Finances Report Dec 20, 04:32 EST



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