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United Kingdom - Public Sector Net Debt to GDP

United Kingdom public sector net debt to GDP reached 95.9% in 2024, up from 95.5% in 2023. This increase is due to primary deficits, higher debt interest costs from inflation and interest rates and increased spending on public services and benefits. These factors stem from the pandemic and energy crisis impacts. The United Kingdom's record low public sector net debt to GDP was 21.6% in 1990 and record high was 210.7% in 1948.

Yearly Historical Data (1948-2024)

(in %)
Year Public Sector Net Debt to GDP
2024 95.9%
2023 95.5%
2022 94.6%
2021 96.4%
2020 96.6%
2019 85.4%
2018 80.2%
2017 82.3%
2016 83.3%
2015 81.1%
2014 81.6%
2013 79.2%
2012 77.5%
2011 74.3%
2010 70.9%
2009 64.7%
2008 50.6%
2007 35.6%
2006 35.1%
2005 34.3%
2004 33.5%
2003 30.9%
2002 29.8%
2001 28.1%
2000 28.3%
1999 32.5%
1998 35.1%
1997 36.6%
1996 36.6%
1995 36.1%
1994 34.5%
1993 31.1%
1992 26.7%
1991 22.9%
1990 21.6%
1989 23.1%
1988 25.7%
1987 31%
1986 34.9%
1985 37.1%
1984 38.7%
1983 38.8%
1982 38.7%
1981 40%
1980 40.3%
1979 39.1%
1978 42.2%
1977 44.3%
1976 47.8%
1975 49.3%
1974 47.7%
1973 45.2%
1972 46.6%
1971 52.6%
1970 54.7%
1969 61.2%
1968 69.8%
1967 77%
1966 77.7%
1965 80.9%
1964 84.2%
1963 90.7%
1962 98.2%
1961 99.4%
1960 102.4%
1959 107.5%
1958 114.3%
1957 118.4%
1956 123.8%
1955 132.4%
1954 143.3%
1953 152.6%
1952 158.4%
1951 169.4%
1950 185.6%
1949 204.9%
1948 210.7%
United Kingdom - Public Sector Net Debt to GDP : Definition
UK public sector net debt to GDP shows government debt as a percentage of the country's economic output. It's calculated by dividing net debt, total financial liabilities minus liquid assets, by gross domestic product. The result indicates the UK's ability to repay its debt.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -2.2% -3.6% Dec'24
Interest Rate 4% 4% Sep'25
Private Credit (% GDP) 113.97% 119.76% 2024