Civometry

OBR · per cent of GDP

Debt forecasts, per cent of GDP under each government

The full published series with each government’s time in office shaded. The table gives the level each government inherited and the last complete period before it left. Changes describe the period, not a cause. Definitions and caveats are on the metric page.

Debt forecasts, per cent of GDP: Year ending March 2001 to Year ending March 2025LabourLabourLabourLabourLabourCoalitionCoalitionConservativeConservativeConservativeConservativeLabour0%25%50%75%20052010201520202025Year ending March 2001: 28.2% per cent of GDP · published 26 March 2026Year ending March 2002: 28% per cent of GDP · published 26 March 2026Year ending March 2003: 29.7% per cent of GDP · published 26 March 2026Year ending March 2004: 30.8% per cent of GDP · published 26 March 2026Year ending March 2005: 33.4% per cent of GDP · published 26 March 2026Year ending March 2006: 34.2% per cent of GDP · published 26 March 2026Year ending March 2007: 34.9% per cent of GDP · published 26 March 2026Year ending March 2008: 35.5% per cent of GDP · published 26 March 2026Year ending March 2009: 50.2% per cent of GDP · published 26 March 2026Year ending March 2010: 64.4% per cent of GDP · published 26 March 2026Year ending March 2011: 70.6% per cent of GDP · published 26 March 2026Year ending March 2012: 73.9% per cent of GDP · published 26 March 2026Year ending March 2013: 77.2% per cent of GDP · published 26 March 2026Year ending March 2014: 78.8% per cent of GDP · published 26 March 2026Year ending March 2015: 81.1% per cent of GDP · published 26 March 2026Year ending March 2016: 80.6% per cent of GDP · published 26 March 2026Year ending March 2017: 82.7% per cent of GDP · published 26 March 2026Year ending March 2018: 81.6% per cent of GDP · published 26 March 2026Year ending March 2019: 79.6% per cent of GDP · published 26 March 2026Year ending March 2020: 84.5% per cent of GDP · published 26 March 2026Year ending March 2021: 95.4% per cent of GDP · published 26 March 2026Year ending March 2022: 94.3% per cent of GDP · published 26 March 2026Year ending March 2023: 93.2% per cent of GDP · published 26 March 2026Year ending March 2024: 94.2% per cent of GDP · published 26 March 2026Year ending March 2025: 93.2% per cent of GDP · published 26 March 2026
Published valueProvisional or revisedLatestShaded bands: governments (see labels)Hover or use arrow keys to read a value
GovernmentInheritedLeft at / latestChange during government
Labour 2024–5 July 2024 – presentFewer than two periods have been published during this government, so no change is shown yet.
Conservative 2019–202413 December 2019 – 5 July 202479.6%Year ending March 201994.2%Year ending March 2024↑ 18.3%+14.6%
Conservative 2017–20199 June 2017 – 13 December 201982.7%Year ending March 201779.6%Year ending March 2019↓ 3.7%−3.1%
Conservative 2015–20178 May 2015 – 9 June 201781.1%Year ending March 201582.7%Year ending March 2017↑ 2.0%+1.7%
Coalition 2010–201511 May 2010 – 8 May 201564.4%Year ending March 201081.1%Year ending March 2015↑ 25.9%+16.7%
Labour 2005–20106 May 2005 – 11 May 201033.4%Year ending March 200564.4%Year ending March 2010↑ 93.0%+31%
Labour 2001–20058 June 2001 – 5 May 200528.2%Year ending March 200133.4%Year ending March 2005↑ 18.2%+5.1%
Labour 1997–20012 May 1997 – 7 June 2001No complete period was published before this government took office.
Conservative 1992–199710 April 1992 – 2 May 1997No complete period was published before this government took office.
Conservative 1987–199212 June 1987 – 9 April 1992No complete period was published before this government took office.
Conservative 1983–198710 June 1983 – 11 June 1987No complete period was published before this government took office.
Conservative 1979–19834 May 1979 – 9 June 1983No complete period was published before this government took office.