Gross value added at basic prices (GVA) in United Kingdom
United Kingdom: Gross value added at basic prices (GVA) was 2.74 trillion current LCU in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in United Kingdom, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in United Kingdom is 2.74 trillion current LCU, measured in 2025. That is the highest value across all 56 years on record.
That represents a change of up 5.1% on the previous year and up 59.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in United Kingdom peaked at 2.74 trillion current LCU in 2025 and was at its lowest, 49.89 billion current LCU, in 1970.
United Kingdom ranks 79th of 207 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 value added at basic prices (GVA) in United Kingdom, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 49.89 billion current LCU | — |
| 1971 | 56.10 billion current LCU | +12.4% |
| 1972 | 63.47 billion current LCU | +13.1% |
| 1973 | 73.98 billion current LCU | +16.5% |
| 1974 | 84.95 billion current LCU | +14.8% |
| 1975 | 106.38 billion current LCU | +25.2% |
| 1976 | 125.67 billion current LCU | +18.1% |
| 1977 | 145.21 billion current LCU | +15.6% |
| 1978 | 167.19 billion current LCU | +15.1% |
| 1979 | 195.08 billion current LCU | +16.7% |
| 1980 | 226.96 billion current LCU | +16.3% |
| 1981 | 250.00 billion current LCU | +10.2% |
| 1982 | 271.50 billion current LCU | +8.6% |
| 1983 | 297.19 billion current LCU | +9.5% |
| 1984 | 317.88 billion current LCU | +7.0% |
| 1985 | 348.43 billion current LCU | +9.6% |
| 1986 | 372.36 billion current LCU | +6.9% |
| 1987 | 409.62 billion current LCU | +10.0% |
| 1988 | 457.07 billion current LCU | +11.6% |
| 1989 | 503.18 billion current LCU | +10.1% |
| 1990 | 545.16 billion current LCU | +8.3% |
| 1991 | 570.61 billion current LCU | +4.7% |
| 1992 | 595.27 billion current LCU | +4.3% |
| 1993 | 628.83 billion current LCU | +5.6% |
| 1994 | 665.96 billion current LCU | +5.9% |
| 1995 | 775.59 billion current LCU | +16.5% |
| 1996 | 830.29 billion current LCU | +7.1% |
| 1997 | 867.03 billion current LCU | +4.4% |
| 1998 | 904.09 billion current LCU | +4.3% |
| 1999 | 939.66 billion current LCU | +3.9% |
| 2000 | 991.52 billion current LCU | +5.5% |
| 2001 | 1.04 trillion current LCU | +4.4% |
| 2002 | 1.08 trillion current LCU | +3.8% |
| 2003 | 1.14 trillion current LCU | +5.7% |
| 2004 | 1.19 trillion current LCU | +5.0% |
| 2005 | 1.26 trillion current LCU | +5.9% |
| 2006 | 1.33 trillion current LCU | +5.3% |
| 2007 | 1.40 trillion current LCU | +4.9% |
| 2008 | 1.45 trillion current LCU | +3.8% |
| 2009 | 1.42 trillion current LCU | -2.1% |
| 2010 | 1.46 trillion current LCU | +2.5% |
| 2011 | 1.49 trillion current LCU | +2.4% |
| 2012 | 1.54 trillion current LCU | +3.2% |
| 2013 | 1.60 trillion current LCU | +3.8% |
| 2014 | 1.67 trillion current LCU | +4.7% |
| 2015 | 1.72 trillion current LCU | +2.8% |
| 2016 | 1.79 trillion current LCU | +3.9% |
| 2017 | 1.87 trillion current LCU | +4.7% |
| 2018 | 1.94 trillion current LCU | +3.6% |
| 2019 | 2.01 trillion current LCU | +3.9% |
| 2020 | 1.92 trillion current LCU | -4.8% |
| 2021 | 2.09 trillion current LCU | +8.8% |
| 2022 | 2.32 trillion current LCU | +11.3% |
| 2023 | 2.50 trillion current LCU | +7.5% |
| 2024 | 2.61 trillion current LCU | +4.5% |
| 2025 | 2.74 trillion current LCU | +5.1% |
United Kingdom compared with similar countries
- United Kingdom's 2.74 trillion current LCU is above the median for high income countries, which is 266.17 billion current LCU, 10.3× the median. (77 countries reporting)
- United Kingdom's 2.74 trillion current LCU is above the median for Europe & Central Asia, which is 380.52 billion current LCU, 7.2× the median. (56 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) 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 |
|---|---|---|---|
| 1975 | +25.2% | 84.95 billion current LCU | 106.38 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 106.79 billion current LCU | 49.89 billion current LCU | 195.08 billion current LCU | 10 |
| 1980s | 345.42 billion current LCU | 226.96 billion current LCU | 503.18 billion current LCU | 10 |
| 1990s | 732.25 billion current LCU | 545.16 billion current LCU | 939.66 billion current LCU | 10 |
| 2000s | 1.23 trillion current LCU | 991.52 billion current LCU | 1.45 trillion current LCU | 10 |
| 2010s | 1.71 trillion current LCU | 1.46 trillion current LCU | 2.01 trillion current LCU | 10 |
| 2020s | 2.36 trillion current LCU | 1.92 trillion current LCU | 2.74 trillion current LCU | 6 |
Countries ranked near United Kingdom
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 value added at basic prices (gva) in United Kingdom?
- Gross value added at basic prices (gva) in United Kingdom was 2.74 trillion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in United Kingdom?
- The highest recorded value was 2.74 trillion current LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in United Kingdom?
- The lowest recorded value was 49.89 billion current LCU in 1970.
- How does United Kingdom rank for gross value added at basic prices (gva)?
- United Kingdom ranks 79th out of 207 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in United Kingdom?
- Over the last ten years it is up 59.4%. The long-run trend across the full record is volatile.
- Where does this United Kingdom data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.