Share of central government spending funded by taxes in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Share of central government spending funded by taxes was 62.7% in 2023. ▼ Falling
Share of central government spending funded by taxes in United Kingdom of Great Britain and Northern Ireland, 2000–2023
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
The most recent figure for share of central government spending funded by taxes in United Kingdom of Great Britain and Northern Ireland is 62.7%, measured in 2023.
That represents a change of up 0.2% on the previous year and up 3.0% over ten years.
Over the whole period, share of central government spending funded by taxes in United Kingdom of Great Britain and Northern Ireland peaked at 73.9% in 2000 and was at its lowest, 50.9%, in 2020.
That places United Kingdom of Great Britain and Northern Ireland 67th out of 174 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Share of central government spending funded by taxes in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 73.9% | — |
| 2001 | 71.3% | -3.5% |
| 2002 | 67.0% | -6.1% |
| 2003 | 64.4% | -3.9% |
| 2004 | 64.0% | -0.7% |
| 2005 | 63.2% | -1.3% |
| 2006 | 64.3% | +1.9% |
| 2007 | 64.5% | +0.2% |
| 2008 | 60.8% | -5.7% |
| 2009 | 52.6% | -13.5% |
| 2010 | 55.0% | +4.7% |
| 2011 | 58.4% | +6.1% |
| 2012 | 57.3% | -1.8% |
| 2013 | 60.9% | +6.3% |
| 2014 | 61.5% | +1.0% |
| 2015 | 63.3% | +2.9% |
| 2016 | 65.9% | +4.1% |
| 2017 | 66.2% | +0.5% |
| 2018 | 65.4% | -1.2% |
| 2019 | 65.4% | -0.0% |
| 2020 | 50.9% | -22.1% |
| 2021 | 58.9% | +15.7% |
| 2022 | 62.6% | +6.4% |
| 2023 | 62.7% | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 64.6% | 52.6% | 73.9% | 10 |
| 2010s | 61.9% | 55.0% | 66.2% | 10 |
| 2020s | 58.8% | 50.9% | 62.7% | 4 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
More economy & growth data for United Kingdom of Great Britain and Northern Ireland
- 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)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is share of central government spending funded by taxes in United Kingdom of Great Britain and Northern Ireland?
- Share of central government spending funded by taxes in United Kingdom of Great Britain and Northern Ireland was 62.7% in 2023, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest share of central government spending funded by taxes recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 73.9% in 2000.
- What is the lowest share of central government spending funded by taxes recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 50.9% in 2020.
- How does United Kingdom of Great Britain and Northern Ireland rank for share of central government spending funded by taxes?
- United Kingdom of Great Britain and Northern Ireland ranks 67th out of 174 countries with data for 2023.
- Is share of central government spending funded by taxes rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is up 3.0%. The long-run trend across the full record is falling.
- Where does this United Kingdom of Great Britain and Northern Ireland data come from?
- The figures come from International Monetary Fund – with minor processing by Our World in Data, published as part of Share of central government spending funded by taxes. Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Spending refers to the budgetary central government which includes the core institutions of the national government. Funds only include taxes; Fines, penalties, and most social security contributions are excluded.