Gross domestic product (GDP) per capita United Kingdom 2024 (in U.S. dollars)

The statistic shows GDP per capita in the United Kingdom from 1984 to 2018, with projections up until 2024. In 2018, GDP per capita in the United Kingdom was at around 42,579.82 US dollars. The same year, the total UK population amounted to about 64.6 million people. The United Kingdom is among the leading countries in a world GDP ranking.

Falling unemployment in a time of recession

GDP is a useful indicator when it comes to measuring the state of a nation’s economy. GDP is the market value of all final goods and services produced within a country in a given period of time, usually a year. GDP per capita equals exactly the GDI (gross domestic income) per capita and is not a measure of an individual’s personal income.

As can be seen clearly in the statistic, gross domestic product (GDP) per capita in the United Kingdom is beginning to increase, albeit not to pre-recession levels. The UK is beginning to see signs of an economic recovery, though as of yet it remains unclear what sort of recovery this is. Questions have been raised as to whether the growth being seen is the right sort of growth for a well balanced recovery across the necessary sectors. An interesting oddity occurred in the United Kingdom for nine months in 2012, which saw a decreasing unemployment occurring at the same time as dip in nationwide economic productivity. This seems like good - if not unusual - news, but could be indicative of people entering part-time employment. It could also suggest that labor productivity is falling, meaning that the UK would be less competitive as a nation. The figures continue to rise, however, with an increase in employment in the private sector. With the rate of inflation in the UK impacting everyone’s daily lives, it is becoming increasingly difficult for vulnerable groups to maintain a decent standard of living.

Gross domestic product (GDP) per capita of the United Kingdom (UK) in current prices from 1984 to 2024

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Source

Release date

October 2019

Region

United Kingdom (Great Britain)

Survey time period

1984 to 2018

Supplementary notes

Due to the high level of uncertainty in current global economic conditions, the IMF does not offer projections for this economic indicator at this time. Data will be updated as soon as they are available.

* Estimate.

According to the source, these figures refer to the United Kingdom and include Great Britain (England, Wales, Scotland) as well as Northern Ireland.

Values have been rounded to provide a better understanding of the statistic.

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Statistics on "United Kingdom"

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