The ratio of government expenditure to GDP in the United Kingdom was forecast to continuously decrease between 2024 and 2029 by in total one percentage point. According to this forecast in 2029, the ratio will have decreased for the sixth consecutive year to 43.06 percent. This indicator depicts the general government expenditure as a share of the national gross domestic product. The International Monetary Fund defines the general government expenditure as consisting 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.
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IMF. (April 22, 2024). United Kingdom (UK): Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 [Graph]. In Statista. Retrieved September 19, 2024, from https://www.statista.com/statistics/268354/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-the-united-kingdom/
IMF. "United Kingdom (UK): Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029." Chart. April 22, 2024. Statista. Accessed September 19, 2024. https://www.statista.com/statistics/268354/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-the-united-kingdom/
IMF. (2024). United Kingdom (UK): Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029. Statista. Statista Inc.. Accessed: September 19, 2024. https://www.statista.com/statistics/268354/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-the-united-kingdom/
IMF. "United Kingdom (Uk): Ratio of Government Expenditure to Gross Domestic Product (Gdp) from 2019 to 2029." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/268354/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-the-united-kingdom/
IMF, United Kingdom (UK): Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 Statista, https://www.statista.com/statistics/268354/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-the-united-kingdom/ (last visited September 19, 2024)
United Kingdom (UK): Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/268354/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-the-united-kingdom/