Tax revenue in United Kingdom
United Kingdom: Tax revenue was 777.48 billion current LCU in 2024. ◆ Volatile
Tax revenue in United Kingdom, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
United Kingdom recorded 777.48 billion current LCU for tax revenue in 2024. That is the highest value across all 53 years on record.
That represents a change of up 5.1% on the previous year and up 67.8% over ten years.
Over the whole period, tax revenue in United Kingdom peaked at 777.48 billion current LCU in 2024 and was at its lowest, 15.66 billion current LCU, in 1972.
That places United Kingdom 56th out of 157 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.74 billion current LCU | 15.66 billion current LCU | 45.41 billion current LCU | 8 |
| 1980s | 91.47 billion current LCU | 58.04 billion current LCU | 128.95 billion current LCU | 10 |
| 1990s | 196.27 billion current LCU | 148.69 billion current LCU | 265.84 billion current LCU | 10 |
| 2000s | 345.47 billion current LCU | 287.18 billion current LCU | 421.64 billion current LCU | 10 |
| 2010s | 480.96 billion current LCU | 406.66 billion current LCU | 561.31 billion current LCU | 10 |
| 2020s | 665.52 billion current LCU | 521.48 billion current LCU | 777.48 billion current LCU | 5 |
Countries ranked near United Kingdom
More public sector data for United Kingdom
- Arms imports 643.00 million SIPRI trend indicator values (2024)
- Tax revenue 26.9% (2024)
- Taxes on income, profits and capital gains 40.6% (2024)
- Taxes on goods and services 31.1% (2024)
- Net investment in nonfinancial assets 2.4% (2024)
- Net lending (+) / net borrowing (-) -6.9% (2024)
- Interest payments 8.3% (2024)
- Grants and other revenue 5.6% (2024)
- Interest payments 7.8% (2023)
- Other taxes 4.9% (2024)
Frequently asked questions
- What is tax revenue in United Kingdom?
- Tax revenue in United Kingdom was 777.48 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in United Kingdom?
- The highest recorded value was 777.48 billion current LCU in 2024.
- What is the lowest tax revenue recorded in United Kingdom?
- The lowest recorded value was 15.66 billion current LCU in 1972.
- How does United Kingdom rank for tax revenue?
- United Kingdom ranks 56th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in United Kingdom?
- Over the last ten years it is up 67.8%. The long-run trend across the full record is volatile.
- Where does this United Kingdom data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.