United Kingdom GDP Pie Chart 2024
UK GDP composition 2024 pie chart showing service sector economy breakdown. The UK economy was characterized by strong service sector consumption and significant international trade with London as a global financial hub.
Figure 1: United Kingdom GDP Composition Breakdown 2024 - Pie Chart Visualization
United Kingdom GDP Components Table 2024
Detailed breakdown of United Kingdom’s Gross Domestic Product by expenditure components:
| Component | Amount | Percentage | Pie Chart % |
|---|---|---|---|
| Consumption | $3.03T | 83.2% | 43.1% |
| Investment | $650B | 17.9% | 9.2% |
| Government | $1.07T | 29.4% | 15.2% |
| Exports | $1.12T | 30.8% | 15.9% |
| Imports | $1.16T | -31.9% | 16.5% |
| Total GDP | $3.64T | 100.0% | 100.0% |
Key Economic Insights: United Kingdom 2024
- Primary Economic Driver: Consumption is the largest component of GDP at 83.2%
- International Trade: Trade deficit with exports at $1.12T and imports at $1.16T
- Investment Level: 17.9% of GDP allocated to capital investment
- Economic Scale: Total GDP of $3.64T in 2024
Understanding United Kingdom’s GDP Composition
This united kingdom GDP pie chart visualization breaks down the four main components of Gross Domestic Product:
- Consumption - Household and consumer spending
- Investment - Business capital expenditure and investments
- Government - Public sector spending and services
- Net Exports - Exports minus imports of goods and services
Methodology and Data Sources
The GDP composition data follows the expenditure approach calculation method and is sourced from World Development Indicators (World Bank). Pie chart percentages are normalized to sum to 100% for clear visual representation.
Note: Due to statistical discrepancies in data collection and rounding, the sum of individual components may not exactly equal the total GDP. Data represents the most recent available figures for 2024.