United Kingdom Government Spending to GDP

General government expenditure as a percentage of GDP.

Government Spending to GDP in the United Kingdom decreased to 44.04 percent of GDP in 2024 from 44.83 percent of GDP in 2023.

44.0%
▼ −0.8 pp2024 · previous 44.8%Annual · percent of GDP · Source: IMF — Public Finances in Modern History

United Kingdom Government Spending to GDP — History

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United Kingdom Government Spending to GDP — analysis in simple words

Latest reading

Government Spending to GDP in the United Kingdom decreased to 44.04 percent of GDP in 2024 from 44.83 percent of GDP in 2023.

Over the last three years it rose once and fell twice.

Recent trend

A year earlier (2023) it was 44.8%, so the latest figure is 0.8 percentage points lower.

Over the past five years the average was 45.7%, with a range from 44.0% to 50.0%. The latest value is below that five-year average.

Historical context

This data series starts in 1830 and has 195 annual observations. The latest reading is higher than 82% of all of them.

The highest value on record is 68.4% (1916) and the lowest is 6.2% (1880). The long-run average is 25.7%.

Compared with other countries

Among 151 economies with recent data, United Kingdom ranks 31st from the top. The median across all these economies is 30.3%, so United Kingdom is above the typical country.

Among 18 major economies tracked on this site it ranks 7th.

Within Europe & Central Asia (41 economies with data) it ranks 22nd; the regional median is 44.4%.

Statistics

Latest
44.0%2024
Previous
44.8%
5-year average
45.7%
Long-run average
25.7%since 1830
All-time high
68.4%1916
All-time low
6.2%1880
Observations
195Annual

Recent Data

PeriodValueChange
202444.0%▼ −0.8 pp
202344.8%▲ +0.7 pp
202244.1%▼ −1.7 pp
202145.8%▼ −4.2 pp
202050.0%▲ +11.2 pp
201938.8%▼ −0.1 pp
201838.9%▼ −0.3 pp
201739.2%▼ −0.5 pp
201639.6%▼ −0.8 pp
201540.4%▼ −0.8 pp
201441.2%▼ −0.7 pp
201341.8%▼ −1.7 pp
201243.6%▲ +0.0 pp
201143.5%▼ −7.1 pp
201050.6%▼ −0.9 pp
200951.5%▲ +3.6 pp
200847.8%▲ +3.9 pp
200743.9%▼ −0.3 pp
200644.2%▲ +0.1 pp
200544.1%▲ +1.1 pp
200443.0%▲ +0.8 pp
200342.1%▲ +1.0 pp
200241.1%▲ +0.9 pp
200140.2%▲ +3.4 pp
200036.8%▼ −2.1 pp
199938.9%▼ −0.6 pp
199839.5%▼ −1.0 pp
199740.5%▼ −1.8 pp
199642.3%▼ −1.6 pp
199543.9%

Government Spending to GDP — United Kingdom vs Peers

Latest available reading for each economy (periods may differ). United Kingdom highlighted.

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More United Kingdom indicators

Understanding Government Spending to GDP — a simple guide

What it measures

General government expenditure as a percentage of GDP.

How it is calculated

Total government expenditure ÷ GDP × 100.

Simple example

28% means government spending equals 28% of GDP.

▲ When it is high or rising

A large public sector role in the economy.

▼ When it is low or falling

A smaller public sector role.

Why it matters for the economy and markets

The ratio shows the size of the public sector in the economy.

How to read it

Read with revenue: the gap between the two is the fiscal balance.

Data source

IMF — Public Finances in Modern History (series exp), annual data from 1830 to 2024. Values are shown exactly as published by the source and may be revised later.

How to use the chart

Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.

Frequently asked questions

What is the current government spending to gdp of United Kingdom?
United Kingdom government spending to gdp was 44.0% in 2024, compared with 44.8% in the previous period, according to IMF — Public Finances in Modern History.
What is the highest and lowest government spending to gdp of United Kingdom?
Since 1830, the highest reading was 68.4% (1916) and the lowest was 6.2% (1880).
What does government spending to gdp measure?
General government expenditure as a percentage of GDP.

Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.