[ Nominal GDP in billions of USD ]
Year -
$3,686.03 billions
United Kingdom GDP expanded from 1960 to 2024, increasing from $73.23 billion to $3,686.03 billion.The compound annual growth rate (CAGR) averaged 6.31% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 21.75%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 3,686.03 Billions | $ 4,292.67 Int Billions |
| Growth (YoY) | 7.754% | 4.611% |
| Net Change vs Previous Year | $ 265.24 Billion | $ 189.22 Int Billion |
| % of World GDP | 3.32% | 2.15% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 73.23 | - | - | - | - | - |
| 1961 | 77.74 | 4.51 | 6.156 % | - | - | - |
| 1962 | 81.25 | 3.51 | 4.509 % | - | - | - |
| 1963 | 86.56 | 5.31 | 6.541 % | - | - | - |
| 1964 | 94.41 | 7.85 | 9.064 % | - | - | - |
| 1965 | 101.82 | 7.42 | 7.857 % | - | - | - |
| 1966 | 108.57 | 6.75 | 6.627 % | - | - | - |
| 1967 | 113.12 | 4.54 | 4.185 % | - | - | - |
| 1968 | 107.76 | -5.36 | -4.736 % | - | - | - |
| 1969 | 116.46 | 8.7 | 8.078 % | - | - | - |
| 1970 | 130.67 | 14.21 | 12.199 % | - | - | - |
| 1971 | 148.11 | 17.44 | 13.348 % | - | - | - |
| 1972 | 169.97 | 21.85 | 14.753 % | - | - | - |
| 1973 | 192.54 | 22.57 | 13.281 % | - | - | - |
| 1974 | 206.13 | 13.59 | 7.06 % | - | - | - |
| 1975 | 241.76 | 35.63 | 17.283 % | - | - | - |
| 1976 | 232.61 | -9.14 | -3.782 % | - | - | - |
| 1977 | 263.07 | 30.45 | 13.091 % | - | - | - |
| 1978 | 335.88 | 72.82 | 27.68 % | - | - | - |
| 1979 | 438.99 | 103.11 | 30.698 % | - | - | - |
| 1980 | 564.95 | 125.95 | 28.691 % | - | - | - |
| 1981 | 540.77 | -24.18 | -4.28 % | - | - | - |
| 1982 | 515.05 | -25.72 | -4.756 % | - | - | - |
| 1983 | 489.62 | -25.43 | -4.938 % | - | - | - |
| 1984 | 461.49 | -28.13 | -5.745 % | - | - | - |
| 1985 | 489.29 | 27.8 | 6.024 % | - | - | - |
| 1986 | 601.45 | 112.17 | 22.925 % | - | - | - |
| 1987 | 745.16 | 143.71 | 23.894 % | - | - | - |
| 1988 | 910.12 | 164.96 | 22.137 % | - | - | - |
| 1989 | 926.88 | 16.76 | 1.842 % | - | - | - |
| 1990 | 1093.17 | 166.28 | 17.94 % | 944.9 | - | - |
| 1991 | 1142.8 | 49.63 | 4.54 % | 964.23 | 19.33 | 2.046 % |
| 1992 | 1179.66 | 36.86 | 3.226 % | 998.97 | 34.74 | 3.603 % |
| 1993 | 1061.39 | -118.27 | -10.026 % | 1058.34 | 59.37 | 5.944 % |
| 1994 | 1140.49 | 79.1 | 7.453 % | 1134.48 | 76.14 | 7.194 % |
| 1995 | 1349.09 | 208.6 | 18.291 % | 1194.88 | 60.4 | 5.324 % |
| 1996 | 1425.29 | 76.19 | 5.648 % | 1276.57 | 81.69 | 6.836 % |
| 1997 | 1569.32 | 144.03 | 10.105 % | 1345.41 | 68.84 | 5.393 % |
| 1998 | 1660.82 | 91.5 | 5.831 % | 1385.52 | 40.11 | 2.981 % |
| 1999 | 1693.46 | 32.64 | 1.965 % | 1437.34 | 51.82 | 3.74 % |
| 2000 | 1671.6 | -21.86 | -1.291 % | 1562.74 | 125.4 | 8.725 % |
| 2001 | 1656.17 | -15.43 | -0.923 % | 1650.18 | 87.44 | 5.595 % |
| 2002 | 1790.54 | 134.37 | 8.113 % | 1727.03 | 76.85 | 4.657 % |
| 2003 | 2061.23 | 270.69 | 15.118 % | 1808.14 | 81.11 | 4.696 % |
| 2004 | 2429.77 | 368.55 | 17.88 % | 1922.68 | 114.55 | 6.335 % |
| 2005 | 2551.36 | 121.59 | 5.004 % | 1976.7 | 54.01 | 2.809 % |
| 2006 | 2719.56 | 168.2 | 6.592 % | 2113.05 | 136.36 | 6.898 % |
| 2007 | 3104.7 | 385.14 | 14.162 % | 2178.3 | 65.24 | 3.088 % |
| 2008 | 2945.25 | -159.45 | -5.136 % | 2271.09 | 92.79 | 4.26 % |
| 2009 | 2429.36 | -515.89 | -17.516 % | 2182.26 | -88.83 | -3.911 % |
| 2010 | 2496.74 | 67.38 | 2.774 % | 2289.94 | 107.68 | 4.935 % |
| 2011 | 2675.59 | 178.85 | 7.163 % | 2354.77 | 64.83 | 2.831 % |
| 2012 | 2719.72 | 44.13 | 1.649 % | 2442.46 | 87.69 | 3.724 % |
| 2013 | 2796.91 | 77.19 | 2.838 % | 2562.2 | 119.73 | 4.902 % |
| 2014 | 3085.36 | 288.45 | 10.313 % | 2666.66 | 104.47 | 4.077 % |
| 2015 | 2945.58 | -139.78 | -4.53 % | 2767.23 | 100.57 | 3.771 % |
| 2016 | 2706.81 | -238.77 | -8.106 % | 2892.3 | 125.06 | 4.519 % |
| 2017 | 2699.12 | -7.69 | -0.284 % | 3041.89 | 149.59 | 5.172 % |
| 2018 | 2897.03 | 197.91 | 7.332 % | 3129.65 | 87.76 | 2.885 % |
| 2019 | 2875.71 | -21.32 | -0.736 % | 3335.88 | 206.23 | 6.59 % |
| 2020 | 2724 | -151.71 | -5.276 % | 3219.07 | -116.81 | -3.502 % |
| 2021 | 3194.56 | 470.56 | 17.275 % | 3416.48 | 197.41 | 6.133 % |
| 2022 | 3181.24 | -13.31 | -0.417 % | 3990.09 | 573.61 | 16.79 % |
| 2023 | 3420.8 | 239.55 | 7.53 % | 4103.45 | 113.35 | 2.841 % |
| 2024 | 3686.03 | 265.24 | 7.754 % | 4292.67 | 189.22 | 4.611 % |
Between 1960 to 2024, United Kingdom experienced the following economic phases:
The most remarkable growth occurred in 1979 with an increase of 30.698%, while the largest decline was in 2009 at -17.516%.