Total value of all denomination banknotes in circulation in the United Kingdom (UK) from 2014 to 2018 (in million GBP)

Banknotes in circulation in the United Kingdom 2014-2018, by denominations The statistic shows the value of banknotes in circulation in the United Kingdom (UK) from 2014 to 2018, listed by denomination. It was observed that the total value of 20 pound banknotes in circulation was the highest. It amounted to 41 billion British pounds in 2016, and grew further in 2017 to nearly 43.4 billion GBP. Before the banknotes enter circulation, they have to pass the production tests, related to the quality of notes and security of the money. Many factors influence the length of the time a banknote stays in circulation, including the overall durability but also non-altered signals in automated authentication, for security. The lifespan of notes can also vary for different denominations, as some are more frequently used in making payments. If a banknote no longer meets the quality standards, it has to be taken out of the market. The reasons for removing banknotes out of circulation are multiple, and they can include the banknotes having been damaged (washed, chewed or damaged by fire), as well as having been contaminated. According to data, as of 2018, the total value of all banknotes in circulation on the UK's market was equal to approximately 68.9 billion GBP.
Show more
Loading statistic...
£5£10£20£50
20141,5407,18236,48311,025
20151,6017,37138,91211,788
20161,6457,76741,03713,157
20171,9128,00643,35715,601
20181,9107,78942,69216,508
£5£10£20£50
20141,5407,18236,48311,025
20151,6017,37138,91211,788
20161,6457,76741,03713,157
20171,9128,00643,35715,601
20181,9107,78942,69216,508
Download Settings Share
Chart type
Datalabels
Share on Social Media
HTML code to embed chart as PNG (FAQ)
Download started
Please be patient - this may take a moment
Description Source More information
The statistic shows the value of banknotes in circulation in the United Kingdom (UK) from 2014 to 2018, listed by denomination. It was observed that the total value of 20 pound banknotes in circulation was the highest. It amounted to 41 billion British pounds in 2016, and grew further in 2017 to nearly 43.4 billion GBP. Before the banknotes enter circulation, they have to pass the production tests, related to the quality of notes and security of the money. Many factors influence the length of the time a banknote stays in circulation, including the overall durability but also non-altered signals in automated authentication, for security. The lifespan of notes can also vary for different denominations, as some are more frequently used in making payments. If a banknote no longer meets the quality standards, it has to be taken out of the market. The reasons for removing banknotes out of circulation are multiple, and they can include the banknotes having been damaged (washed, chewed or damaged by fire), as well as having been contaminated. According to data, as of 2018, the total value of all banknotes in circulation on the UK's market was equal to approximately 68.9 billion GBP.
Show more
Release date
2018
Region
United Kingdom
Survey time period
2014 to 2018
Supplementary notes
Amounts indicated as of end of February each year.
Total is the sum of £5, £10, £20 and £50 notes excluding all other notes.

More information

Statista Accounts: Access All Statistics. Starting from $588 / Year

Basic Account

Get to know the platform

You only have access to basic statistics.

Register for free

Premium Account

Your perfect start with Statista

  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account

Full access

Corporate solution including all features.

Send request

* All products require an annual contract.
   Prices do not include sales tax
   (New York residents only).
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom

Related Studies: Available to Download in PDF or PPTX Format

British Pound Sterling
British Pound Sterling

All Information
in one Presentation

British Pound Sterling

Everything On "British Pound Sterling" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Statista is a great source of knowledge, and pretty helpful to manage the daily work.
Christof Baron

Christof Baron
CEO, MindShare Germany

Statistics on "British Pound Sterling"

  • Number of British pound notes in circulation
  • Value of British pound notes in circulation
  • Production, issue, removal and claims on banknotes
  • Counterfeit British pound notes
  • Exchange rates - U.S. dollar, euro, Russian Ruble, Canadian dollar
Need help with using Statista for your research? Tutorials and first steps

Further Content: Statistics, Studies, and Topic Pages

Statistics on the topic

Topics

About Statista

Learn more about how Statista can support your business.

Request webinar
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.