GDP

GDP of United Kingdom in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Netherlands with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 57428, and the growth rate in 2022 is 4.3%.”

Population

66.836 million

Land Size

241930 km²

GDP

3.08 trillion

GDP Per Capita

45461 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
61.9%
Government Expneidutre
21%
Capital Formation
18.3%
Export
33.3%
Import
36%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
0.6%
Industry
19%
Manufacturing
9.7%
Service
80.5%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

3.7 %

Inflation

9.1 %

Urbanization

83.7 %

TFR

1.7 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

United Kingdom

3061870 million USD

South East England

457760 million USD

Greater London

708519 million USD

North West England

294274 million USD

East of England

259739 million USD

West Midlands

221875 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

United Kingdom

-11.89 %

South East England

-10.98 %

Greater London

-11.44 %

North West England

-11.73 %

East of England

-12.54 %

West Midlands

-11.9 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

United Kingdom

45644 USD

South East England

49664 USD

Greater London

78703 USD

North West England

39941

East of England

41432 USD

West Midlands

37216 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

United Kingdom

-12.6 %

South East England

-11.76 %

Greater London

-12.61 %

North West England

-12.29 %

East of England

-13.35 %

West Midlands

-12.64 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %