UK Economy Statistics and Facts

United Kingdom is the world's sixth-largest economy, with a GDP of $3.73 trillion in 2025. Still, as is the case with many other developed countries, the UK is currently in economic turmoil, burdened by inflation and rising costs of living.

To paint a better picture of the current state of the country's economy, we've outlined the latest numbers and the most important data to show where exactly the UK stands today.

Key UK Economy Statistics for 2025 - Editor’s Choice

• The GDP of UK is $3.73 trillion in 2025.
• The inflation rate is expected to remain in the 2-3% range in 2025.
• The employment rate remained at 74.98% by the end of 2024.
• UK had a trade deficit of £10.57 billion in 2024.
• House prices across the UK increased by an average of 3.2% in 2024.

The GDP of the UK economy is expected to grow by 1.6% in 2025.

(IMF)

The latest IMF projections see a slightly better growth this year, after a weak 0.9% growth in 2024.

Inflation is expected to remain in the 2-3% range during 2025-2026.

(KPMG)

While the inflation has dropped down from the 2023 levels when it was 7.2%, it is also projected not to decrease in the next two years.

The household savings rate in the UK in 2025 is 7.1%

(Statista)

Quarterly savings in UK households are slowly but steadily growing, and are expected to reach 7.7% at the start of 2026.

Business investment in the UK is projected to increase by 3% in 2025.

(EY)

There was only a 1.3% increase in 2024, and even the projection for this year is below the initial expectations of 3.2%

Consumer spending in the UK is expected to increase by 1.9% in 2025.

(EY)

This is even more below the initial projections, which were 2.5%, painting a stark picture of the economic struggles of the consumers across the country.

The base interest rate is expected to be cut down to 4% in 2025.

(Morningstar)

While mortgage rates have been cut down twice in 2024, they still remain at 4.75%, cloes to what they were in 2008.

The employment rate in the UK in 2024 was 74.98%.

(House of Commons)

While there were 409 thousand more employed workers last year, the employment rate remained the same it was in 2023.

Average wages in 2024 increased by 3%, when adjusted for inflation.

(House of Commons)

Last year, the manufacturing sector had the largest annual growth rate, standing at 6%.

House prices in the UK increased by 3.4% in 2024.

(UK Government)

This was significantly higher than the original 2.8% estimate, with the average house price being £292,000.

Northern Ireland saw the highest house price increase in 2024, going up by 6.2%

(UK Government)

In comparison, house prices in London increased by just 0.2% last year.

In 2024, the UK had a trade deficit of £10.57 billion.

(Statista)

According to the latest avialable data, this was mainly due due to a £50.2 billion deficit in goods trade.

The real estate industry represented 13.2% of all UK economic output in 2024.

(House of Commons)

The retail and wholesale industry followed in second place with 9.9% of of GVA (total gross value added).

The public sector net debt in the UK was equivavlent to 98.1% of the country's GDP in 2024.

(House of Commons)

The percentage increased from 96.9% just a year before.

The public sector expenditure of the UK government in 2025 is more than £1.2 trillion.

(Statista)

Out of this, £378 billion will be spent on social protection like welfare and pensions, while the government spending on health will amount to £252 billion.

The cost of food items in the UK is projected to increase by 4.9% in 2025.

(Financial Times)

The higher cost is expected to be driven by new measures in the budget, which will increase costs for businesses.