24Peaks / Europe / United Kingdom / Government Revenue (% of GDP)

United Kingdom - Government Revenue (% of GDP) 34.83

World Bank WDI (revenue excl. grants) · updated 2026-10-15 · 162 economies tracked

Latest value

34.83 (2024)

Global rank

#n/a of 162 economies

Share of global total

1.3%

Growth since 1972

1.11×

Ranking Race — Government Revenue (% of GDP)

1 = global #1 · higher value ranks higher

#1#7#13#19#25#31#371972198219922002201220222024#6#252022 overtook Serbia2024 overtook Namibia
United KingdomNauruNorwayAustriaGreece

Real annual global ranks, 1972 - 2024. United Kingdom climbed from #6 to #25 (overtook Serbia). 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.

2008
Banking crisis curated

Northern Rock, RBS and Lloyds require state support.

2010
Climbed 23 places in global rank auto
2011
Fell 19 places in global rank auto
2016
Brexit referendum curated

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

2022
Overtook Serbia in global rank auto
2024
Overtook Namibia in global rank auto

Government Revenue (% of GDP), 1972-2024

World Bank WDI (revenue excl. grants) · % of GDP · linear scale · ranking in the race above
1972198720022017202429.4332.3235.2138.1

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