United Kingdom: gross domestic product (GDP) 2000 to 2018

Gross domestic product at market prices of the United Kingdom (UK) from 2000 to 2018 (in trillion GBP)*

by Daniel Clark, last edited Sep 16, 2019
United Kingdom: gross domestic product (GDP) 2000 to 2018 The Gross domestic product of the United Kingdom in 2018 was 2.11 trillion British pounds, an increase of around 70 billion British pounds when compared with the previous year. From 2000 to 2008 the UK’s GDP increased each year, except for 2009, when the British economy shrunk. By 2010 GDP had recovered and resumed its steady growth.

 Could there be a recession in 2019?

  Although the UK's economy has shown a net increase during this time period, the growth rate has slowed in recent years. In 2014 the UK's economy showed a year-on-year increase of 3.1 percent, but by 2018 this had decreased to 1.4 percent. In the second quarter of 2019, the UK economy shrank by 0.2 percent, with a technical recession confirmed if the economy shrinks in the third quarter of the year.  

 Comparisons with Europe

  The UK currently has the second-largest economy in Europe, after Germany whose GDP amounted to around 3.386 trillion Euros in 2018. France has a similar-sized economy to the UK, at approximately 2.34 trillion Euros and was the third-largest European economy in 2018.  
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Gross domestic product at market prices of the United Kingdom (UK) from 2000 to 2018 (in trillion GBP)*

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