Government borrowing as a percentage of GDP in the UK 1900-2030

Published by D. Clark, May 14, 2025

The government of the United Kingdom borrowed approximately

****
percent worth of its GDP in the 2024/25 financial year, compared with
****
percent in 2023/24. In 2020/21, government borrowing reached
*****
percent of GDP, due to increased financial support to public services during the COVID-19 pandemic, combined with reduced revenue because of societal lockdowns.

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Public sector borrowing expressed as a percentage of GDP in the United Kingdom from 1900/01 to 2029/30

CharacteristicBudget deficit as a share of GDP
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Showing entries 1 to 13 (130 entries in total)
Statistic: Public sector borrowing expressed as a percentage of GDP in the United Kingdom from 1900/01 to 2029/30

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Release date

April 2025

Region

United Kingdom

Survey time period

1900 to 2025

Supplementary notes

*Forecast data

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