Government spending in the United Kingdom was last recorded at 39.3 percent of GDP in the 2018-19 fiscal year.
Government Spending to GDP in the United Kingdom averaged 39.55 percent from 1956 until 2019, reaching an all time high of 46.40 percent in 1976 and a record low of 34.60 percent in 1989. This page provides the latest reported value for - United Kingdom Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Public Sector Total Spending to GDP - values, historical data and charts - was last updated on August of 2020. source: Office for Budget Responsibility, UK
Government Spending to GDP in the United Kingdom is expected to reach 49.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Public Sector Total Spending to GDP is projected to trend around 43.00 percent in 2021 and 40.00 percent in 2022, according to our econometric models.