Highlights
Definition
Reports special
  • The GDP (gross domestic product) in United Kingdom is forecast to amount to US$2,898.14bn in 2023.
  • The real total GDP (gross domestic product) in United Kingdom is expected to grow by 1.51% in 2023.
  • In 2019, the total investment in United Kingdom amounts to US$488.63bn.
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A nation’s economy refers to the macroeconomic indicators of the country.

The economy segment provides an overview of these aspects. For this purpose, insights into the GDP development as well as inflation and exchange rates are presented.
Additional data focuses on total investments or insights into the political environment, which is provided by indexes like the “Rule of Law Index”.
United Kingdom 2019

United Kingdom 2019

Statista Country Report
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GDP (constant prices) (2019)
+1.2% yoy
US$2,735.23bn
Consumer Price Index (2019)
+1.8% yoy
104.4

GDP (constant prices) GDP per capita (constant prices) GDP growth rate (constant prices)

in the Economy market in billion US$ in US$ in percent

Reading Support The GDP (gross domestic product) in United Kingdom is forecast to amount to US$2,898.14bn in 2023. Reading Support The GDP (gross domestic product) per capita in United Kingdom is forecast to amount to US$42,144.96 in 2023. Reading Support The real total GDP (gross domestic product) in United Kingdom is expected to grow by 1.51% until 2023.

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  • GDP (constant prices)
  • GDP per capita (constant prices)
  • GDP growth rate (constant prices)
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GPD (constant prices):

The “Gross domestic product (constant prices)” tab shows a forecast of the expenditure on goods and services in the form of consumption expenditures, gross capital formations, and exports minus imports. The constant GDP shows the true growth by adjusting for the effects of price inflation.

GPD per capita (constant prices):

The “GPD per capita” tab shows a forecast of the expenditure per capita on goods and services in the form of consumption expenditures, gross capital formations, and exports minus imports. The constant GDP per capita shows the true growth by adjusting for the effects of price inflation.

GDP (constant prices) development rate:

The “GDP (constant prices) development rate” tab shows the expected average annual growth rate of the country’s GDP in percentage terms. A definition and detailed explanation of the displayed segments can be found here. ×

Consumer Price Index

in the Economy market in points

Reading Support The Consumer Price Index in United Kingdom is forecast to amount to 113.0 in 2023.

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Consumer Price Index:

The chart “Consumer Price Index” shows a forecast for a weighted basket of goods and services. The weights of the components vary by country according to local consumption patterns. The base year (100) has been set to 2017 for all countries, the base year of the input data may vary. The Consumer Price Index is a common measure of the development of daily expenditure assuming unchanging consumption patterns. A definition and detailed explanation of the displayed segments can be found here. ×

Exchange rate (1 LCU in US$)

in the Economy market in LCU

Reading Support In 2023, one unit of local currency (LCU) in United Kingdom will approximately equivalent to US$ 1.3032.

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Exchange rate:

The chart “Exchange rate” shows a forecast of the average exchange rate of 1 unit of local currency (local currency unit: LCU) in the respective year against the US dollar.

A definition and detailed explanation of the displayed segments can be found here. ×

Investments Annual investment growth

in the Economy market in billion US$ in percent

Reading Support In 2019, the total investment in United Kingdom amounts to US$488.63bn. Reading Support The gross capital formation in United Kingdom is expected to show a growth of 5.0% in 2023.

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  • Investments
  • Annual investment growth
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Investments:

The " Investments" chart shows the gross capital formation of a country. Investments are measured by the total value of the gross fixed capital formation and changes in inventories and acquisitions less disposals of valuables for a unit or sector.

Annual investment growth:

The "Annual investment growth" tab shows the expected average annual growth rate of the country’s investments in percentage terms. A definition and detailed explanation of the displayed segments can be found here. ×

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Further key figures

20102011201220132014201520162017 CAGR
Value added by sector
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. | Source: Statista, based on World Bank
Agriculture in %
Net output of the country’s agriculture sector, corresponding to forestry, hunting and fishing, the cultivation of crops, and livestock production | Source: World Bank
Industry in %
Net output of the country’s industry sector, corresponding to manufacturing, mining, construction, electricity, water, and gas | Source: World Bank
Services in %
Net output of the country’s service sector, corresponding to wholesale, retail trade (including hotels and restaurants), and transport.Furthermore, government, financial, professional, and personal services such as education, health care, and real estate services are included. | Source: World Bank
Control of Corruption Index
The Control of Corruption Index captures perceptions of the extent to which public power is exercised for private gain, including both petty and grand forms of corruption as well as the state’s being "captured" by private interests. Estimates assign an aggregated score to the selected country in units of a standard normal distribution, i.e., ranging from approximately -2.5 to 2.5. | Source: Statista, based on World Bank
Rule of Law Index
The Rule of Law Index captures perceptions of the extent to which agents have confidence in and abide by the rules of society, and especially the confidence they have in the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. Estimates assign an aggregated score in the selected country in units of a standard normal distribution, i.e., ranging from approximately -2.5 to 2.5. | Source: Statista, based on World Bank
Central bank interest rate in %
The key interest rate of a central bank is the interest rate used by central banks to implement or signal their monetary policy stance. It will influence the economy (e.g., consumer prices, exchange rates, or credit expansion). It also determines the level of other interest rates in the economy as most private banks obtain their money from the central bank at this rate. | Source: Statista, based on IMF
Source: Statista, June 2019
Source: Statista, June 2019, based on IMF, World Bank, UN and Eurostat

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