Taxes less subsidies on products in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Taxes less subsidies on products was 297.09 billion current LCU in 2025. ◆ Volatile
Latest (2025)
297.09 billion current LCU
Change on year
up 5.2%
World rank
70th
of 199 countries
All-time high
297.09 billion current LCU
in 2025
All-time low
4.68 billion current LCU
in 1970
Years of data
56
1970–2025
Taxes less subsidies on products in United Kingdom of Great Britain and Northern Ireland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
United Kingdom of Great Britain and Northern Ireland recorded 297.09 billion current LCU for taxes less subsidies on products in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 5.2% on the previous year and up 43.2% over ten years.
Over the whole period, taxes less subsidies on products in United Kingdom of Great Britain and Northern Ireland peaked at 297.09 billion current LCU in 2025 and was at its lowest, 4.68 billion current LCU, in 1970.
That places United Kingdom of Great Britain and Northern Ireland 70th out of 199 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 4.68 billion current LCU | — |
| 1971 | 4.85 billion current LCU | +3.7% |
| 1972 | 5.07 billion current LCU | +4.5% |
| 1973 | 5.38 billion current LCU | +6.3% |
| 1974 | 5.34 billion current LCU | -0.8% |
| 1975 | 6.57 billion current LCU | +22.9% |
| 1976 | 8.69 billion current LCU | +32.3% |
| 1977 | 10.73 billion current LCU | +23.5% |
| 1978 | 11.88 billion current LCU | +10.6% |
| 1979 | 15.56 billion current LCU | +31.0% |
| 1980 | 20.19 billion current LCU | +29.7% |
| 1981 | 21.65 billion current LCU | +7.2% |
| 1982 | 26.24 billion current LCU | +21.2% |
| 1983 | 28.32 billion current LCU | +7.9% |
| 1984 | 31.62 billion current LCU | +11.7% |
| 1985 | 34.80 billion current LCU | +10.1% |
| 1986 | 39.76 billion current LCU | +14.3% |
| 1987 | 44.32 billion current LCU | +11.5% |
| 1988 | 49.65 billion current LCU | +12.0% |
| 1989 | 53.12 billion current LCU | +7.0% |
| 1990 | 55.86 billion current LCU | +5.2% |
| 1991 | 62.27 billion current LCU | +11.5% |
| 1992 | 64.48 billion current LCU | +3.5% |
| 1993 | 66.92 billion current LCU | +3.8% |
| 1994 | 72.64 billion current LCU | +8.6% |
| 1995 | 79.33 billion current LCU | +9.2% |
| 1996 | 83.32 billion current LCU | +5.0% |
| 1997 | 91.51 billion current LCU | +9.8% |
| 1998 | 98.71 billion current LCU | +7.9% |
| 1999 | 107.06 billion current LCU | +8.5% |
| 2000 | 113.24 billion current LCU | +5.8% |
| 2001 | 115.02 billion current LCU | +1.6% |
| 2002 | 119.28 billion current LCU | +3.7% |
| 2003 | 125.44 billion current LCU | +5.2% |
| 2004 | 133.22 billion current LCU | +6.2% |
| 2005 | 138.84 billion current LCU | +4.2% |
| 2006 | 146.11 billion current LCU | +5.2% |
| 2007 | 154.48 billion current LCU | +5.7% |
| 2008 | 151.58 billion current LCU | -1.9% |
| 2009 | 138.62 billion current LCU | -8.5% |
| 2010 | 159.57 billion current LCU | +15.1% |
| 2011 | 178.30 billion current LCU | +11.7% |
| 2012 | 182.11 billion current LCU | +2.1% |
| 2013 | 191.53 billion current LCU | +5.2% |
| 2014 | 201.77 billion current LCU | +5.3% |
| 2015 | 207.43 billion current LCU | +2.8% |
| 2016 | 217.01 billion current LCU | +4.6% |
| 2017 | 225.72 billion current LCU | +4.0% |
| 2018 | 232.01 billion current LCU | +2.8% |
| 2019 | 238.21 billion current LCU | +2.7% |
| 2020 | 206.33 billion current LCU | -13.4% |
| 2021 | 236.40 billion current LCU | +14.6% |
| 2022 | 258.49 billion current LCU | +9.3% |
| 2023 | 254.77 billion current LCU | -1.4% |
| 2024 | 282.45 billion current LCU | +10.9% |
| 2025 | 297.09 billion current LCU | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.88 billion current LCU | 4.68 billion current LCU | 15.56 billion current LCU | 10 |
| 1980s | 34.97 billion current LCU | 20.19 billion current LCU | 53.12 billion current LCU | 10 |
| 1990s | 78.21 billion current LCU | 55.86 billion current LCU | 107.06 billion current LCU | 10 |
| 2000s | 133.58 billion current LCU | 113.24 billion current LCU | 154.48 billion current LCU | 10 |
| 2010s | 203.37 billion current LCU | 159.57 billion current LCU | 238.21 billion current LCU | 10 |
| 2020s | 255.92 billion current LCU | 206.33 billion current LCU | 297.09 billion current LCU | 6 |
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)
- Imports of goods and services (constant 2015 US$), annual growth rate 4.06 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.2642 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 15,219 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -88.28 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -82.76 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.08 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0049 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 279.97 current LCU per person (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is taxes less subsidies on products in United Kingdom of Great Britain and Northern Ireland?
- Taxes less subsidies on products in United Kingdom of Great Britain and Northern Ireland was 297.09 billion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 297.09 billion current LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 4.68 billion current LCU in 1970.
- How does United Kingdom of Great Britain and Northern Ireland rank for taxes less subsidies on products?
- United Kingdom of Great Britain and Northern Ireland ranks 70th out of 199 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is up 43.2%. The long-run trend across the full record is volatile.
- Where does this United Kingdom of Great Britain and Northern Ireland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.