The United Kingdom recorded a Government Debt to GDP of 97.60 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in the United Kingdom averaged 70.36 percent of GDP from 1948 until 2023, reaching an all time high of 210.70 percent of GDP in 1948 and a record low of 21.60 percent of GDP in 1990. source: Office for Budget Responsibility, UK

Government Debt to GDP in the United Kingdom is expected to reach 91.90 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Public Sector Net Debt to GDP is projected to trend around 92.90 percent of GDP in 2025 and 93.20 percent of GDP in 2026, according to our econometric models.



Related Last Previous Unit Reference
Asylum Applications 17101.00 26366.00 persons Mar 2023
Credit Rating 87.00 Apr 2024
Fiscal Expenditure 110852.00 102705.00 GBP Million Mar 2024
Government Budget -4.40 -5.00 percent of GDP Dec 2023
Public Sector Net Borrowing Ex Banks -11939.00 -9524.00 GBP Million Mar 2024
Government Debt 2694.20 2666.80 GBP Billion Mar 2024
Government Debt to GDP 97.60 95.60 percent of GDP Dec 2023
Government Revenues 98913.00 93181.00 GBP Million Mar 2024
Government Spending 117343.00 117255.00 GBP Million Dec 2023
Government Spending to GDP 44.50 45.30 percent of GDP Dec 2023
Holidays
Interest Payments on Government Debt 2485.00 6913.00 GBP Million Mar 2024
Military Expenditure 74942.80 64081.60 USD Million Dec 2023
Public Sector Net Borrowing -11015.00 -8600.00 GBP Million Mar 2024
Public Sector Net Debt to GDP 98.30 97.50 percent of GDP Mar 2024
Tax Revenue 68058.00 64743.00 GBP Million Mar 2024

United Kingdom Public Sector Net Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
97.60 95.60 210.70 21.60 1948 - 2023 percent of GDP Yearly