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United Kingdom Gross Domestic Product (GDP) by Year (1961–2023)

United Kingdom Gross Domestic Product (GDP) by Year (1961–2023)

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TGM StatBox. (2024). United Kingdom Gross Domestic Product (GDP) by Year (1961–2023). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1960-2023
Country: UK
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
The United Kingdom's GDP reflects its economic evolution, starting at $77.7 billion in 1961 and surpassing $1 trillion in 1990, driven by financial services and industrial innovation. The 1980s saw rapid growth due to economic liberalization, peaking at $910 billion in 1988.

Despite setbacks during the 2008 financial crisis, GDP recovered, exceeding $3.34 trillion in 2023. The UK’s diversified economy, bolstered by finance, technology, and global trade, ensures its resilience in a competitive global environment.

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