United Kingdom economy graph showing purchasing power parity (PPP) growth from 1990 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
In 2023, the United Kingdom’s GDP per capita (PPP) was approximately $52,589, about 296% of the global average, indicating a developed and high-income economy. The UK economy is service-oriented, with key sectors in finance, healthcare, education, and creative industries.