United Kingdom's GDP changed from approximately $604B 697M in 1980 to $3T 495B in 2024, showing an overall 478.0% sharply increased during the period.
The lowest GDP was recorded in 1984 at $504B 939M, and the highest in 2024 at $3T 495B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.1%.
For comparison, the average annual growth rate of France was 3.5%, and that of Germany was 3.9%.
Overview of United Kingdom's GDP (1980–2024)
The Gross Domestic Product (GDP) of United Kingdom recorded a 478.0% sharply increased from 1980 to 2024.
The average GDP during this period was $1T 943B, and the median was $1T 788B.
GDP fluctuated within a range of $2T 990B, with a standard deviation of $937B 192M.
The average annual change was $68B 962M.
United Kingdom GDP from 1980 to 2024
The total market value of goods and services produced annually in United Kingdom.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $504B 939M
- Highest GDP: 2024, $3T 495B
- Most Recent GDP: 2024, $3T 495B
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2009: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and United Kingdom's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $2T 853B → $2T 699B
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $3T 91B → $2T 421B
- Outcome: sharply declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $1T 668B → $1T 650B
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $1T 561B → $1T 653B
- Outcome: increased
Key Economic Indicators of United Kingdom (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 604B 697M | $ 10,734.90 | $ 9,055.20 | $ 510B 79M | -2.051 % | 0.694 % | 19.81 % | -0.667 % | 56M 330K people |
1981 | $ 588B 342M | $ 10,439.36 | $ 9,838.93 | $ 554B 503M | -0.687 % | 1.693 % | 19.49 % | -1.764 % | 56M 358K people |
1982 | $ 559B 326M | $ 9,936.33 | $ 10,664.89 | $ 600B 337M | 1.965 % | 0.734 % | 19.03 % | -0.548 % | 56M 291K people |
1983 | $ 532B 924M | $ 9,463.11 | $ 11,539.08 | $ 649B 835M | 4.166 % | 0.408 % | 19.53 % | -0.753 % | 56M 316K people |
1984 | $ 504B 939M | $ 8,951.40 | $ 12,200.87 | $ 688B 239M | 2.22 % | -0.284 % | 19.79 % | -0.514 % | 56M 409K people |
1985 | $ 537B 200M | $ 9,498.89 | $ 13,067.63 | $ 739B 26M | 4.088 % | -0.061 % | 20.07 % | -0.129 % | 56M 554K people |
1986 | $ 655B 35M | $ 11,555.91 | $ 13,713.51 | $ 777B 336M | 3.108 % | -0.736 % | 19.28 % | 0.034 % | 56M 684K people |
1987 | $ 814B 102M | $ 14,331.77 | $ 14,783.71 | $ 839B 774M | 5.42 % | -1.329 % | 20.07 % | 0.606 % | 56M 804K people |
1988 | $ 989B 706M | $ 17,388.88 | $ 16,096.29 | $ 916B 137M | 5.377 % | -3.288 % | 20.38 % | 2.103 % | 56M 916K people |
1989 | $ 1T 7B | $ 17,653.75 | $ 17,081.03 | $ 974B 934M | 2.402 % | -3.815 % | 20.96 % | 2.142 % | 57M 77K people |
1990 | $ 1T 197B | $ 20,913.04 | $ 17,769.46 | $ 1T 17B | 0.56 % | -2.829 % | 20.36 % | 0.159 % | 57M 238K people |
1991 | $ 1T 248B | $ 21,738.27 | $ 18,049.07 | $ 1T 36B | -1.405 % | -1.09 % | 19.30 % | -1.436 % | 57M 439K people |
1992 | $ 1T 289B | $ 22,394.49 | $ 18,458.79 | $ 1T 62B | 0.245 % | -1.284 % | 17.95 % | -4.03 % | 57M 585K people |
1993 | $ 1T 155B | $ 20,015.28 | $ 19,280.02 | $ 1T 112B | 2.259 % | -1.052 % | 17.71 % | -5.171 % | 57M 714K people |
1994 | $ 1T 241B | $ 21,460.02 | $ 20,311.14 | $ 1T 175B | 3.41 % | -0.187 % | 18.60 % | -4.028 % | 57M 862K people |
1995 | $ 1T 344B | $ 23,171.12 | $ 21,172.13 | $ 1T 228B | 2.386 % | -0.381 % | 18.24 % | -2.951 % | 58M 25K people |
1996 | $ 1T 421B | $ 24,432.61 | $ 22,063.59 | $ 1T 283B | 2.582 % | -0.264 % | 18.54 % | -1.624 % | 58M 164K people |
1997 | $ 1T 561B | $ 26,772.97 | $ 23,488.83 | $ 1T 369B | 4.925 % | -0.14 % | 17.47 % | 0.117 % | 58M 314K people |
1998 | $ 1T 653B | $ 28,283.06 | $ 24,496.20 | $ 1T 432B | 3.414 % | -0.282 % | 17.80 % | 1.763 % | 58M 475K people |
1999 | $ 1T 688B | $ 28,768.45 | $ 25,513.36 | $ 1T 497B | 3.066 % | -2.115 % | 15.79 % | 2.462 % | 58M 684K people |