United Kingdom - Revenue, excluding grants (% of GDP)

Revenue, excluding grants (% of GDP) in United Kingdom was 34.75 as of 2019. Its highest value over the past 47 years was 35.98 in 1982, while its lowest value was 29.43 in 1973.

Definition: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1972 31.29
1973 29.43
1974 33.34
1975 34.41
1976 34.06
1977 33.17
1978 31.34
1979 30.95
1980 33.49
1981 33.96
1982 35.98
1983 34.74
1984 34.68
1985 35.00
1986 33.96
1987 32.61
1988 32.30
1989 31.54
1990 32.61
1991 33.02
1992 32.45
1993 30.59
1994 31.61
1995 30.86
1996 30.60
1997 31.23
1998 32.46
1999 33.00
2000 33.77
2001 33.51
2002 32.54
2003 32.45
2004 33.62
2005 34.70
2006 34.40
2007 34.69
2008 35.42
2009 33.21
2010 34.17
2011 34.53
2012 33.90
2013 34.72
2014 33.92
2015 34.09
2016 34.53
2017 35.00
2018 34.87
2019 34.75

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance