UK GDP Statistics 2026
UK Gross Domestic Product — live economic output data tracking GDP growth, per capita income and the UK's position in the global economy.
UK GDP (Annual)
GDP Growth Rate 2024
GDP Per Capita
GDP Generated Per Day
GDP Generated Per Hour
World Economy Ranking
Services Share of GDP
Manufacturing Share of GDP
Source: ONS National Accounts / OBR Economic Outlook · 2024/25
About These Statistics
The UK economy generated approximately £2.5 trillion in GDP in 2024, making it the 6th largest economy in the world. GDP per capita stands at around £36,500, reflecting a highly developed service-based economy.
The UK economy grew by approximately 1.1% in 2024, recovering from a shallow technical recession in the second half of 2023. Growth has been subdued relative to historical averages due to high interest rates, weak business investment and sluggish productivity growth.
Services dominate the UK economy, accounting for approximately 79% of GDP. Financial services, professional services, retail and hospitality are the largest service sectors. Manufacturing accounts for around 9% and construction around 6%.
Frequently Asked Questions
Based on official UK government data
What is the UK GDP in 2026?
UK GDP is approximately £2.5 trillion (around $3.1 trillion USD), making the UK the 6th largest economy in the world. GDP grew by 1.1% in 2024. The OBR forecasts growth of around 1.5% in 2025 and 2026.
What is UK GDP per capita?
UK GDP per capita is approximately £36,500 per person per year, equivalent to around $46,000 USD. This places the UK broadly in line with France and Japan but below Germany and significantly below the USA.
Is the UK economy growing or shrinking?
The UK economy is growing, but slowly. After a shallow technical recession in late 2023, GDP returned to growth in 2024 at around 1.1%.
How does UK GDP compare to other countries?
The UK is the 6th largest economy globally at approximately $3.1 trillion GDP. It is smaller than the USA ($28tn), China ($18tn), Germany ($4.5tn), Japan ($4.2tn) and India ($3.5tn).
What drives UK economic growth?
The UK economy is predominantly driven by consumer spending (around 60% of GDP), followed by government spending (20%), business investment (17%) and net trade. The services sector is the primary engine of growth.
UK GDP Growth by Year — 2015 to 2024
Annual GDP growth rate. Source: ONS.
| Year | GDP Growth | Total GDP (£bn) |
|---|---|---|
| 2015 | +2.4% | £1,990bn |
| 2017 | +1.7% | £2,100bn |
| 2019 | +1.6% | £2,250bn |
| 2020 | -10.4% | £2,020bn |
| 2021 | +8.7% | £2,290bn |
| 2022 | +4.3% | £2,380bn |
| 2023 | +0.1% | £2,430bn |
| 2024 | +1.1% | £2,500bn |
Source: ONS National Accounts
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