🇬🇧 United Kingdom Taxes less subsidies on products
United Kingdom Taxes less subsidies on products was $282.37B in 2024, up 10.8% from 2023, according to World Bank data. The 10-year average is $235.87B. Historical data available from 1970 to 2024 (55 data points). The all-time high was $282.37B in 2024.
Source: World Bank World Development Indicators • 1970–2024 • 55 data points • Economy & Growth
Latest Value
$282.37B
2024
Year-on-Year
+10.8%
vs 2023
10-Year Average
$235.87B
2015–2024
Range
High: $282.37B (2024)
Low: $4.68B (1970)
United Kingdom Taxes less subsidies on products (current LCU) — 1970 to 2024
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About this Indicator
Taxes less subsidies on production includes taxes payable less subsidies receivable on goods or services produced as outputs including other taxes or subsidies on production such as those payable on the labour, machinery, buildings or other assets used in production. 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.
Historical Data Table
| Year | Value |
|---|---|
| 2024 | $282.37B |
| 2023 | $254.77B |
| 2022 | $258.49B |
| 2021 | $236.40B |
| 2020 | $206.33B |
| 2019 | $238.21B |
| 2018 | $232.01B |
| 2017 | $225.72B |
| 2016 | $217.01B |
| 2015 | $207.43B |
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<iframe src="https://nationstat.com/country/united-kingdom/taxes-less-subsidies-on-products-current-lcu" width="800" height="500" frameborder="0"></iframe>Compare with Other Countries
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