Gross debt in the United Kingdom

Gross debt of the last 21 years in billion USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      United Kingdom       European Union

Budget deficit in the United Kingdom

The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget balance in the United Kingdom in the period between 2001 and 2019 varied between -243.43 billion euros and +6.26 billion euros. In 2019, the United Kingdom reached a balance of -65 billion euros.

In ratio to population, this equals a new indebtedness of 977 euros per capita in the United Kingdom in 2019. For comparison, the average debt per capita in the European Union in the same year was 197 euros.

Budget deficit and surplus in the last 18 years

(negative numbers = deficit)