The annual percentage growth rate of GDP at market prices is based on constant

local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum
of gross value added by all resident producers in the economy plus any product taxes
and minus any subsidies not included in the value of the products. It is calculated
without making deductions for depreciation of fabricated assets or depletion and
degradation of natural resources.

U.K. GDP Growth Rate - Historical Data

Year GDP Growth (%) Annual Change

2020 -9.79% -11.16%

2019 1.37% 0.12%

2018 1.25% -0.49%

2017 1.74% 0.02%

2016 1.72% -0.64%

2015 2.36% -0.50%

2014 2.86% 0.68%

 U.K. GDP Growth Rate - Historical Data

Year GDP Growth (%) Annual Change

2013 2.19% 0.76%

2012 1.43% 0.15%

2011 1.28% -0.80%

2010 2.07% 6.19%

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The unemployment rate of the UK 1971-2022
Published by Statista Research Department, May 3, 2022
The unemployment rate of the United Kingdom was 3.8 percent in the three months to February
2022, compared with five percent in January 2021, which was the highest unemployment rate since
August 2016. Before the arrival of the Coronavirus pandemic, the UK had relatively low levels of
unemployment, comparable to the mid-1970s. Between March 1974 and the most recent month,
unemployment was highest in the Spring of 1984 when the unemployment rate hit 11.9 percent,
with noticeable peaks also occurring in early 1993 and late 2011.

Furlough scheme keeping many employed

To prevent severe job losses during the Coronavirus pandemic, the UK government paid up to 80
percent of the wages for around 11.6 million jobs through its job retention or furlough scheme.
Originally, the scheme was supposed to end in October 2020, but the arrival of a second
Coronavirus wave in Autumn 2020 changed this. After the second lockdown in November 2020,
the scheme was extended into 2021 and was phased out by the end of September of that year. By
the scheme's conclusion, there were still 1.16 million jobs furloughed, compared with 8.86 million
on May 8, 2020, the day with the highest number of furloughed jobs.

Demographics of the unemployed

Ever since the UK unemployment rate for men first overtook that of women in the late 1980s, it
has almost always been higher, with a gap of almost three percent recorded in early 1993. During
the financial crisis at the end of the last decade, the unemployment rate for women peaked at 7.8
percent, whereas for men, the rate was 9.1 percent. Unemployment is also heavily associated with
age, and young people, in general, are far more vulnerable to unemployment than older age . In
late 2011, for example, the unemployment rate for those aged between 16 to 24 reached almost
22.5 percent, compared with 8.3 percent for people aged 25 to 34, while older age groups had even
lower peaks during this time.
 U.K. Unemployment Rate - Historical Data

Year Unemployment Rate (%) Annual Change

2020 4.34% 0.60%

2019 3.74% -0.26%

2018 4.00% -0.33%

2017 4.33% -0.48%

2016 4.81% -0.49%

2015 5.30% -0.81%

2014 6.11% -1.41%

2013 7.52% -0.37%

2012 7.89% -0.15%

 U.K. Unemployment Rate - Historical Data

Year Unemployment Rate (%) Annual Change

2011 8.04% 0.25%

2010 7.79% 0.25%