Gross National Income — Value Standard Local Currency, annual growth in United Kingdom
United Kingdom: Gross National Income — Value Standard Local Currency, annual growth was 6.36 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in United Kingdom, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross national income — value standard local currency, annual growth in United Kingdom is 6.36 % change on previous year, measured in 2023.
That represents a change of down 39.4% on the previous year and up 107.4% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in United Kingdom peaked at 25.29 % change on previous year in 1975 and was at its lowest, -7.76 % change on previous year, in 2020.
United Kingdom ranks 152nd of 231 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value Standard Local Currency, annual growth in United Kingdom, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.31 % change on previous year | — |
| 1972 | 11.76 % change on previous year | +4.0% |
| 1973 | 15.71 % change on previous year | +33.6% |
| 1974 | 13.22 % change on previous year | -15.8% |
| 1975 | 25.29 % change on previous year | +91.2% |
| 1976 | 18.48 % change on previous year | -26.9% |
| 1977 | 14.89 % change on previous year | -19.4% |
| 1978 | 15.68 % change on previous year | +5.3% |
| 1979 | 17.12 % change on previous year | +9.2% |
| 1980 | 16.25 % change on previous year | -5.1% |
| 1981 | 10.01 % change on previous year | -38.4% |
| 1982 | 9.3 % change on previous year | -7.1% |
| 1983 | 10.02 % change on previous year | +7.7% |
| 1984 | 7.52 % change on previous year | -24.9% |
| 1985 | 8.58 % change on previous year | +14.1% |
| 1986 | 8.09 % change on previous year | -5.8% |
| 1987 | 10.19 % change on previous year | +26.0% |
| 1988 | 11.89 % change on previous year | +16.7% |
| 1989 | 9.4 % change on previous year | -21.0% |
| 1990 | 8.06 % change on previous year | -14.3% |
| 1991 | 5.52 % change on previous year | -31.5% |
| 1992 | 4.94 % change on previous year | -10.4% |
| 1993 | 5.21 % change on previous year | +5.5% |
| 1994 | 7.03 % change on previous year | +35.0% |
| 1995 | 5.45 % change on previous year | -22.5% |
| 1996 | 6.54 % change on previous year | +19.9% |
| 1997 | 6.56 % change on previous year | +0.4% |
| 1998 | 6.85 % change on previous year | +4.4% |
| 1999 | 3.57 % change on previous year | -47.9% |
| 2000 | 6.16 % change on previous year | +72.8% |
| 2001 | 4.4 % change on previous year | -28.7% |
| 2002 | 4.59 % change on previous year | +4.4% |
| 2003 | 5.6 % change on previous year | +22.0% |
| 2004 | 4.78 % change on previous year | -14.7% |
| 2005 | 5.98 % change on previous year | +25.2% |
| 2006 | 3.75 % change on previous year | -37.3% |
| 2007 | 4.38 % change on previous year | +16.9% |
| 2008 | 2.75 % change on previous year | -37.3% |
| 2009 | -2.34 % change on previous year | -185.1% |
| 2010 | 4.78 % change on previous year | -304.5% |
| 2011 | 3.75 % change on previous year | -21.7% |
| 2012 | 1.69 % change on previous year | -54.9% |
| 2013 | 3.07 % change on previous year | +81.4% |
| 2014 | 4.54 % change on previous year | +48.1% |
| 2015 | 2.48 % change on previous year | -45.3% |
| 2016 | 3.75 % change on previous year | +50.8% |
| 2017 | 5.92 % change on previous year | +58.1% |
| 2018 | 3.06 % change on previous year | -48.4% |
| 2019 | 5.12 % change on previous year | +67.4% |
| 2020 | -7.76 % change on previous year | -251.7% |
| 2021 | 11.68 % change on previous year | -250.6% |
| 2022 | 10.49 % change on previous year | -10.2% |
| 2023 | 6.36 % change on previous year | -39.4% |
United Kingdom compared with similar countries
- United Kingdom's 6.36 % change on previous year is above the median for high income countries, which is 6.36 % change on previous year, 1.0× the median. (73 countries reporting)
- United Kingdom's 6.36 % change on previous year is below the median for Europe & Central Asia, which is 9.24 % change on previous year, 69% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency, annual growth in United Kingdom changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +304.5% | -2.34 % change on previous year | 4.78 % change on previous year |
| 2021 | +250.6% | -7.76 % change on previous year | 11.68 % change on previous year |
| 2020 | -251.7% | 5.12 % change on previous year | -7.76 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.94 % change on previous year | 11.31 % change on previous year | 25.29 % change on previous year | 9 |
| 1980s | 10.12 % change on previous year | 7.52 % change on previous year | 16.25 % change on previous year | 10 |
| 1990s | 5.97 % change on previous year | 3.57 % change on previous year | 8.06 % change on previous year | 10 |
| 2000s | 4.01 % change on previous year | -2.34 % change on previous year | 6.16 % change on previous year | 10 |
| 2010s | 3.81 % change on previous year | 1.69 % change on previous year | 5.92 % change on previous year | 10 |
| 2020s | 5.19 % change on previous year | -7.76 % change on previous year | 11.68 % change on previous year | 4 |
Countries ranked near United Kingdom
- 149 Turkmenistan 6.47 % change on previous year compare
- 150 Chile 6.47 % change on previous year compare
- 151 Germany 6.46 % change on previous year compare
- 152 United Kingdom of Great Britain and Northern Ireland 6.36 % change on previous year compare
- 154 El Salvador 6.22 % change on previous year compare
- 155 Israel 6.19 % change on previous year compare
More economy & growth data for United Kingdom
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.14 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 86.93 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0217 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,251 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 76.63 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 691.49 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0191 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,103 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 22.77 % change on previous year (2025)
Frequently asked questions
- What is gross national income — value standard local currency, annual growth in United Kingdom?
- Gross national income — value standard local currency, annual growth in United Kingdom was 6.36 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in United Kingdom?
- The highest recorded value was 25.29 % change on previous year in 1975.
- What is the lowest gross national income — value standard local currency, annual growth recorded in United Kingdom?
- The lowest recorded value was -7.76 % change on previous year in 2020.
- How does United Kingdom rank for gross national income — value standard local currency, annual growth?
- United Kingdom ranks 152nd out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in United Kingdom?
- Over the last ten years it is up 107.4%. The long-run trend across the full record is volatile.
- Where does this United Kingdom data come from?
- The figures come from Statizoid (derived), published as part of Gross National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.