UK general government gross debt was £2.38T at the end of 2021, equal to 102.8% of GDP; net borrowing was £187.4B in 2021, or 8.1% of GDP, 0.3% lower than the average deficit of G7 member states: ONS

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LONDON , April 29, 2022 (press release) –

Quarterly estimates of UK government debt and deficit.

Main points

  • UK general government gross debt was £2,382.8 billion at the end of 2021, equivalent to 102.8% of gross domestic product (GDP); this was 34.5 percentage points lower than the average debt of the G7 member states.
  • UK general government deficit (or net borrowing) was £187.4 billion in 2021, equivalent to 8.1% of GDP; this was 0.3 percentage points lower than the average deficit of the G7 member states.
  • The general government gross debt and deficit figures published here (for 1997 onwards) are fully consistent with those published in our Public sector finances, UK: February 2022 statistical bulletin, published on 22 March 2022.

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.

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