United Kingdom: General government deficit (% of GDP)
Percent of GDP · 1700–2025 · 326 observations · forecasts to 2031 · gen_govdef_GDP
- 2025
- −5.38%percent of GDP
- Change on 2024
- +0.2 pointsfrom −5.59%
- Average, 2016–2025
- −5.26%10 years
- Record high and low
- 4.20% (1920)low −50.6% (1916)
General government deficit (% of GDP)
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Compare with other countries →Definition of General government deficit (% of GDP)
Recent values
Percent of GDP
| Year | Value | |
|---|---|---|
| 2031 | -1.60 | Forecast |
| 2030 | -1.70 | Forecast |
| 2029 | -1.97 | Forecast |
| 2028 | -2.62 | Forecast |
| 2027 | -3.12 | Forecast |
| 2026 | -3.85 | Forecast |
| 2025 | -5.38 | |
| 2024 | -5.59 | |
| 2023 | -5.73 | |
| 2022 | -4.59 | |
| 2021 | -7.77 | |
| 2020 | -13.0 | |
| 2019 | -2.46 | |
| 2018 | -2.23 | |
| 2017 | -2.46 | |
| 2016 | -3.30 |
Sources
- HM Treasury1700–2022
- IMF Fiscal Policy Panel1830–2023
- Feinstein1900–1964
- Sefton & Weale1920–1990
- OECD Economic Outlook1970–2025
- IMF Government Finance Statistics1973–2024
- IMF World Economic Outlook1980–2025
- OECD Economic Outlook (forecast)2025–2027
- IMF WEO (forecast)2025–2031
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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