GDP of the UK 2022, by region

In 2022, London had a gross domestic product of over 508 billion British pounds, by far the most of any region of the United Kingdom. The region of South East England which surrounds London had the second-highest GDP in this year, at over 341 billion pounds. North West England, which includes the major cities of Manchester and Liverpool, had the third-largest GDP among UK regions, at approximately 223.5 billion pounds. 

Levelling Up the UK

London’s economic dominance of the UK can clearly be seen when compared to the other regions of the country. In terms of GDP per capita, the gap between London and the rest of the country is striking, standing at 57,338 pounds per person in the UK capital, compared with just over 33,593 pounds in the rest of the country. To address the economic imbalance, the UK government has a “levelling-up” policy, which aims to boost investment and productivity in neglected areas of the country. The success of the program may depend on its scale, however, as it will take significant levels of investment to reverse the economic neglect these regions have faced in the recent past.

Overall UK GDP

The gross domestic product for the whole of the United Kingdom amounted to 2.27 trillion British pounds in 2023. During this year, GDP grew by just 0.1 percent, following a growth rate of 4.3 percent and percent in 2022.  As of 2022, the UK remains one of the world’s biggest economies, with just five countries (the United States, China, Japan, Germany, and India) having larger economies. It is it likely that several other countries will overtake the UK economy in the coming years, with Indonesia, Brazil, Russia, and Mexico all expected to have larger economies than Britain by 2050.