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United Kingdom: Central government deficit (% of GDP)

Percent of GDP · 1689–2024 · 336 observations · cgovdef_GDP

2024
−6.96%percent of GDP
Change on 2023
+0.1 pointsfrom −7.08%
Average, 2015–2024
−6.44%10 years
Record high and low
6.64% (1950)low −45.4% (1917)

Central government deficit (% of GDP)

Report error
-50%-40%-30%-20%-10%0%10%1700175018001850190019502000United KingdomUnited Kingdom
Percent of GDP

Compare with other countries →Definition of Central government deficit (% of GDP)

Recent values

Percent of GDP

YearValue
2024-6.96
2023-7.08
2022-5.72
2021-9.32
2020-15.0
2019-3.57
2018-3.89
2017-3.44
2016-3.81
2015-5.62

Sources

  • Thomas, Hills & Dimsdale1689–2016
  • HM Treasury1700–2022
  • Mitchell1830–1993
  • Flandreau & Zumer1880–1913
  • Feinstein1900–1964
  • Sefton & Weale1920–1990
  • IMF Government Finance Statistics1972–2024
  • World Development Indicators1972–2024

Compare these sources →

United Kingdom documentation (PDF)

More for United Kingdom

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 77 series →

Central government deficit (% of GDP) elsewhere

United StatesJapanGermanyFranceIndiaBrazil

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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