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United Kingdom: GDP (constant 2015 US$)

In , United Kingdom's GDP (constant 2015 US$) was $3.32 trillion.

That's up 1.1% from 2023, the highest value on record.

The global average for this indicator in 2024 was $497.78 billion . United Kingdom ranks #6 globally out of 192 reporting countries. Within Europe & Central Asia, it ranks #2 of 52.

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2024

Trend (2005–2024)

United Kingdom GDP (constant 2015 US$) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins 2016: Brexit referendum
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins
  • 2016 · Brexit referendum

Highlights

Peak
$3.32T
Trough
$2.62T
1-year change
+1.1%
5-year change
+4.1%
+0.8% / yr
10-year change
+15.1%
+1.4% / yr

Historical Data — Last 10 Years

Year GDP (constant 2015 US$)
3.320T
3.283T
3.274T
3.114T
2.869T
3.189T
3.150T
3.102T
3.011T
2.946T

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was United Kingdom's GDP (constant 2015 US$) in 2024?
In 2024, United Kingdom's GDP (constant 2015 US$) was $3.32 trillion, according to World Bank Open Data.
Is United Kingdom's GDP (constant 2015 US$) rising or falling?
United Kingdom's GDP (constant 2015 US$) rose 1.1% from 2023 to 2024.
How does United Kingdom rank globally on GDP (constant 2015 US$)?
In 2024, United Kingdom ranked #6 out of 192 countries reporting GDP (constant 2015 US$).
How does United Kingdom's GDP (constant 2015 US$) compare to the world average?
The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so United Kingdom is above the world average. Within Europe & Central Asia, it ranks #2 of 52.
What is GDP (constant 2015 US$) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.