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.
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Banknotes in circulation in the United Kingdom 2014-2018, by denominations
Total value of all denomination banknotes in circulation in the United Kingdom (UK) from 2014 to 2018 (in million GBP)
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.
Loading statistic...
| £5 | £10 | £20 | £50 | |
|---|---|---|---|---|
| 2014 | 1,540 | 7,182 | 36,483 | 11,025 |
| 2015 | 1,601 | 7,371 | 38,912 | 11,788 |
| 2016 | 1,645 | 7,767 | 41,037 | 13,157 |
| 2017 | 1,912 | 8,006 | 43,357 | 15,601 |
| 2018 | 1,910 | 7,789 | 42,692 | 16,508 |
| £5 | £10 | £20 | £50 | |
|---|---|---|---|---|
| 2014 | 1,540 | 7,182 | 36,483 | 11,025 |
| 2015 | 1,601 | 7,371 | 38,912 | 11,788 |
| 2016 | 1,645 | 7,767 | 41,037 | 13,157 |
| 2017 | 1,912 | 8,006 | 43,357 | 15,601 |
| 2018 | 1,910 | 7,789 | 42,692 | 16,508 |
© Statista 2019
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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.
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- 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
- 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.
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Statistics on "British Pound Sterling"
- Number of British pound notes in circulation
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- Number of five British pound notes in circulation in the United Kingdom (UK) from 2004 to 2018 (millions of notes)Stock of five pound banknotes in circulation in the United Kingdom (UK) 2004-2018
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- Number of 50 British pound notes in circulation in the United Kingdom (UK) from 2004 to 2018 (millions of notes)Stock of 50 pound banking notes in circulation in the United Kingdom (UK) 2004-2018
- Distribution of banknotes in circulation in the United Kingdom (UK) as of February 2018, by denomination (in millions of notes)Stock of banknotes in circulation in the UK 2018, by denominations
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- Euro (EUR) to British pound (GBP) monthly exchange rate from December 2014 to January 2019Euro to British pound monthly exchange rate 2014-2019
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Free statistics
- Total number of all banknotes in circulation in the United Kingdom (UK) from 2004 to 2018 (in millions of notes)
- Number of five British pound notes in circulation in the United Kingdom (UK) from 2004 to 2018 (millions of notes)
- Number of 10 British pound notes in circulation in the United Kingdom (UK) from 2004 to 2018 (millions of notes)
- Number of 20 British pound notes in circulation in the United Kingdom (UK) from 2004 to 2018 (millions of notes)
- Number of 50 British pound notes in circulation in the United Kingdom (UK) from 2004 to 2018 (millions of notes)
- Distribution of banknotes in circulation in the United Kingdom (UK) as of February 2018, by denomination (in millions of notes)
- Total value of all denomination banknotes in circulation in the United Kingdom (UK) from 2014 to 2018 (in million GBP)
- The value of ten British pound banknotes issued by the Bank of England in the United Kingdom (UK) from 2003/2004 to 2017/2018 (in million GBP)
- The value of five pound banknotes issued by the Bank of England in the United Kingdom (UK) from 2003/2004 to 2017/2018 (in million GBP)
- The value of twenty British pound banknotes issued by the Bank of England in the United Kingdom (UK) from 2003/2004 to 2017/2018 (in million GBP)
- The value of fifty British pound banknotes issued by the Bank of England in the United Kingdom (UK) from 2003/2004 to 2017/2018 (in million GBP)
- Total number of banknotes produced by Bank of England (United Kingdom) from 2003/04 to 2017/18 (in millions of notes)
- Total number of banknotes issued by the Bank of England in the United Kingdom (UK) from 2003/2004 to 2017/2018 (in millions of notes)
- Total value of banknotes issued by the Bank of England in the United Kingdom (UK) from 2003/2004 to 2017/2018 (in million GBP)
- Total number of banknotes removed from circulation by the Bank of England in the United Kingdom (UK) from 2003/2004 to 2017/2018 (in millions of notes)
- Total value of all denomination banknotes removed from the circulation by the Bank of England in the United Kingdom (UK) from 2003/2004 to 2017/2018 (in million GBP)
- Number of claims on damaged or mutilated banknotes received by the Bank of England in the United Kingdom (UK) between 2003 and 2017
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- Total value of counterfeit Bank of England banknotes removed from circulation in the United Kingdom (UK) from 2005 to 2017 (in million GBP)
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