UK Government Debt Ratio
The debt ratio of the United Kingdom is the ratio between the British sovereign debt one hand and the British nominal gross domestic product of the other.
Development in recent years
The UK's sovereign debt ratio rose between 2008 and 2013 due to the financial crisis . Whereas the national debt of 758.7 billion pounds at the end of 2008 corresponded to a national debt ratio of 51.9%, the national debt ratio at the end of 2013 reached a value of 90.6% in view of the debt level of 1,461 billion pounds.
Forecast development
The International Monetary Fund expects the UK's national debt ratio to decline to 84.9% by the end of 2019, with a debt level of £ 1,788.2 billion.
Graphical representation
See also
- List of countries by national debt ratio
- List of European countries by national debt ratio
- Government debt ratio
Individual evidence
- ↑ International Monetary Fund: World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)