Taxes less subsidies on products (current US$) in United Kingdom
United Kingdom: Taxes less subsidies on products (current US$) was 391.17 billion current US$ in 2025. ◆ Volatile
Latest (2025)
391.17 billion current US$
Change on year
up 8.4%
World rank
3rd
of 199 countries
All-time high
391.17 billion current US$
in 2025
All-time low
11.23 billion current US$
in 1970
Years of data
56
1970–2025
Taxes less subsidies on products in United Kingdom, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
United Kingdom recorded 391.17 billion current US$ for taxes less subsidies on products in 2025. That is the highest value across all 56 years on record.
The figure is up 8.4% on the previous year and up 23.4% over ten years.
Over the whole period, taxes less subsidies on products in United Kingdom peaked at 391.17 billion current US$ in 2025 and was at its lowest, 11.23 billion current US$, in 1970.
United Kingdom ranks 3rd of 199 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in United Kingdom, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 11.23 billion current US$ | — |
| 1971 | 11.81 billion current US$ | +5.2% |
| 1972 | 12.66 billion current US$ | +7.2% |
| 1973 | 13.19 billion current US$ | +4.2% |
| 1974 | 12.49 billion current US$ | -5.3% |
| 1975 | 14.53 billion current US$ | +16.3% |
| 1976 | 15.62 billion current US$ | +7.5% |
| 1977 | 18.72 billion current US$ | +19.9% |
| 1978 | 22.77 billion current US$ | +21.6% |
| 1979 | 32.96 billion current US$ | +44.7% |
| 1980 | 46.92 billion current US$ | +42.3% |
| 1981 | 43.51 billion current US$ | -7.3% |
| 1982 | 45.85 billion current US$ | +5.4% |
| 1983 | 42.92 billion current US$ | -6.4% |
| 1984 | 42.05 billion current US$ | -2.0% |
| 1985 | 44.66 billion current US$ | +6.2% |
| 1986 | 58.29 billion current US$ | +30.5% |
| 1987 | 72.42 billion current US$ | +24.3% |
| 1988 | 88.31 billion current US$ | +21.9% |
| 1989 | 86.92 billion current US$ | -1.6% |
| 1990 | 99.19 billion current US$ | +14.1% |
| 1991 | 109.83 billion current US$ | +10.7% |
| 1992 | 113.16 billion current US$ | +3.0% |
| 1993 | 100.36 billion current US$ | -11.3% |
| 1994 | 111.18 billion current US$ | +10.8% |
| 1995 | 125.19 billion current US$ | +12.6% |
| 1996 | 129.98 billion current US$ | +3.8% |
| 1997 | 149.82 billion current US$ | +15.3% |
| 1998 | 163.48 billion current US$ | +9.1% |
| 1999 | 173.21 billion current US$ | +6.0% |
| 2000 | 171.34 billion current US$ | -1.1% |
| 2001 | 165.56 billion current US$ | -3.4% |
| 2002 | 178.78 billion current US$ | +8.0% |
| 2003 | 204.80 billion current US$ | +14.6% |
| 2004 | 243.91 billion current US$ | +19.1% |
| 2005 | 252.44 billion current US$ | +3.5% |
| 2006 | 268.83 billion current US$ | +6.5% |
| 2007 | 309.08 billion current US$ | +15.0% |
| 2008 | 278.63 billion current US$ | -9.9% |
| 2009 | 215.96 billion current US$ | -22.5% |
| 2010 | 246.56 billion current US$ | +14.2% |
| 2011 | 285.67 billion current US$ | +15.9% |
| 2012 | 287.68 billion current US$ | +0.7% |
| 2013 | 299.42 billion current US$ | +4.1% |
| 2014 | 332.00 billion current US$ | +10.9% |
| 2015 | 316.90 billion current US$ | -4.5% |
| 2016 | 293.01 billion current US$ | -7.5% |
| 2017 | 290.50 billion current US$ | -0.9% |
| 2018 | 309.52 billion current US$ | +6.5% |
| 2019 | 304.06 billion current US$ | -1.8% |
| 2020 | 264.52 billion current US$ | -13.0% |
| 2021 | 325.14 billion current US$ | +22.9% |
| 2022 | 318.61 billion current US$ | -2.0% |
| 2023 | 316.67 billion current US$ | -0.6% |
| 2024 | 361.00 billion current US$ | +14.0% |
| 2025 | 391.17 billion current US$ | +8.4% |
United Kingdom compared with similar countries
- United Kingdom's 391.17 billion current US$ is above the median for high income countries, which is 9.71 billion current US$, 40.3× the median. (74 countries reporting)
- United Kingdom's 391.17 billion current US$ is above the median for Europe & Central Asia, which is 14.66 billion current US$, 26.7× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.60 billion current US$ | 11.23 billion current US$ | 32.96 billion current US$ | 10 |
| 1980s | 57.19 billion current US$ | 42.05 billion current US$ | 88.31 billion current US$ | 10 |
| 1990s | 127.54 billion current US$ | 99.19 billion current US$ | 173.21 billion current US$ | 10 |
| 2000s | 228.93 billion current US$ | 165.56 billion current US$ | 309.08 billion current US$ | 10 |
| 2010s | 296.53 billion current US$ | 246.56 billion current US$ | 332.00 billion current US$ | 10 |
| 2020s | 329.52 billion current US$ | 264.52 billion current US$ | 391.17 billion current US$ | 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)
- SDRs holdings, US dollar, annual growth rate 1.04 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0099 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 571.28 units per person (2025)
- SDRs holdings, SDR, annual growth rate -3.78 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0072 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 417.14 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.15 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0051 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in United Kingdom?
- Taxes less subsidies on products in United Kingdom was 391.17 billion current US$ 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?
- The highest recorded value was 391.17 billion current US$ in 2025.
- What is the lowest taxes less subsidies on products recorded in United Kingdom?
- The lowest recorded value was 11.23 billion current US$ in 1970.
- How does United Kingdom rank for taxes less subsidies on products?
- United Kingdom ranks 3rd out of 199 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in United Kingdom?
- Over the last ten years it is up 23.4%. 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 Taxes less subsidies on products (current US$). 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 indicator is expressed in United States dollars.