Ratio of government expenditure to gross domestic product (GDP) in the United Kingdom
The ratio of government expenditure to gross domestic product in the United Kingdom was forecast to decrease between 2023 and 2028 by in total 0.9 percentage points. This overall decrease does not happen continuously, notably not in 2026 and 2028. While the ratio was increasing earlier, it deteriorated and the ratio was forecast to reach 43.32 percent in 2028.
Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
Find more statistics on other topics about the United Kingdom with key insights such as budget balance in relation to the gross domestic product, national debt and average inflation rate.
Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
Find more statistics on other topics about the United Kingdom with key insights such as budget balance in relation to the gross domestic product, national debt and average inflation rate.
