24Peaks / Europe / United Kingdom / Government Debt

United Kingdom - Government Debt 101.29

IMF Global Debt Database · updated 2026-10-03 · 88 economies tracked

Latest value

101.29 (2024)

Global rank

#n/a of 88 economies

Share of global total

2.0%

Growth since 1950

0.56×

Ranking Race — Government Debt

1 = global #1 · lower value ranks higher

#1#14#27#40#53#66#79195019651980199520102024#9#792001 overtook Malaysia2013 overtook Cyprus
United KingdomTurkmenistanKiribatiMicronesia, Fed. Sts.Marshall Islands

Real annual global ranks, 1950 - 2024. United Kingdom climbed from #9 to #79 (overtook Malaysia). Gaps in a lane = missing data that year.

Key events for United Kingdom ↓

Key Events — United Kingdom

Auto-detected from rank data + curated milestones

1979
Thatcher reforms begin curated

Privatisation and deregulation reshape the British economy.

1992
Black Wednesday curated

Pound forced out of the ERM after a failed defence of the exchange rate.

2001
Overtook Malaysia in global rank auto
2008
Banking crisis curated

Northern Rock, RBS and Lloyds require state support.

2013
Overtook Cyprus in global rank auto
2016
Brexit referendum curated

Vote to leave the EU starts a long period of trade uncertainty.

Government Debt, 1950-2024

IMF Global Debt Database · % of GDP · linear scale · ranking in the race above
19501965198019952010202428.2678.81129.35179.9
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