The government of the United Kingdom borrowed approximately 1.9 percent worth of its GDP in the 2023/24 financial year, compared with three percent in 2022/23. In 2020/21, government borrowing reached 11.6 percent of GDP, due to increased financial support to public services during the COVID-19 pandemic, combined with reduced revenue because of societal lockdowns.
Public sector borrowing expressed as a percentage of GDP in the United Kingdom from 1900/01 to 2029/30
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Office for Budget Responsibility. (October 30, 2024). Public sector borrowing expressed as a percentage of GDP in the United Kingdom from 1900/01 to 2029/30 [Graph]. In Statista. Retrieved January 24, 2025, from https://www.statista.com/statistics/1108719/uk-budget-deficit/?__sso_cookie_checker=failed
Office for Budget Responsibility. "Public sector borrowing expressed as a percentage of GDP in the United Kingdom from 1900/01 to 2029/30." Chart. October 30, 2024. Statista. Accessed January 24, 2025. https://www.statista.com/statistics/1108719/uk-budget-deficit/?__sso_cookie_checker=failed
Office for Budget Responsibility. (2024). Public sector borrowing expressed as a percentage of GDP in the United Kingdom from 1900/01 to 2029/30. Statista. Statista Inc.. Accessed: January 24, 2025. https://www.statista.com/statistics/1108719/uk-budget-deficit/?__sso_cookie_checker=failed
Office for Budget Responsibility. "Public Sector Borrowing Expressed as a Percentage of Gdp in The United Kingdom from 1900/01 to 2029/30." Statista, Statista Inc., 30 Oct 2024, https://www.statista.com/statistics/1108719/uk-budget-deficit/?__sso_cookie_checker=failed
Office for Budget Responsibility, Public sector borrowing expressed as a percentage of GDP in the United Kingdom from 1900/01 to 2029/30 Statista, https://www.statista.com/statistics/1108719/uk-budget-deficit/?__sso_cookie_checker=failed (last visited January 24, 2025)
Public sector borrowing expressed as a percentage of GDP in the United Kingdom from 1900/01 to 2029/30 [Graph], Office for Budget Responsibility, October 30, 2024. [Online]. Available: https://www.statista.com/statistics/1108719/uk-budget-deficit/?__sso_cookie_checker=failed
