At the end of 2020, the National Debt / GDP ratio of the United Kingdom 108%.
This data is reported by the International Monetary Fund (IMF). Between 2019 and 2020, the UK saw the biggest 1-year spike in debt-to-GDP since the 2008 financial crisis.
The IMF projects a 9% debt figure for GDP of the United Kingdom until 2025.
On the other hand, the source, the OECD, said that the debt of the Gross Government of the United Kingdom with 117. 3%, with a past peak of 119. 8% in 2016.
As you can see in the chart above, the OECD data shows that the UK’s debt-to-GDP spike started 1 year before the 2008 financial crisis — the figure more than doubled from 53.1% in 2007 to 107.4% in 2012.
Looking at the UK’s GDP-per-capita figures from 1995 to 2019, the country only experienced a drop from 2008 to 2009 and has remained on an uptrend in all other years.
This means that the construction in the debt relationship with the GDP of the United Kingdom is due to the abundant expenses and loans of the country, which prevails significantly over income.
The United Kingdom debt is controlled through the United Kingdom Debt Management Office (DMO). The DMO created in 1998. Prior to the DMO, Sterling Wholesale Debt safe sold through the Bank of England.
Legally speaking, the DMO is owned by the HM Treasury (HMT).
The DMO offers the following types of securities:
The DMO also grants loans to the local government the regime of public loan commissioners, which is a subsidiary government agency.
According to the DMO website, the government eligible for PWLB loans is metropolitan government, districts, counties, cities, and combined government.
During the 2019-2020 monetary year, the DMO processed 1,094 new loans with a general sterling of 10. 4 billion pounds.
Another scheme introduced through the DMO is the National Loan Guarantee Program (NLGS), designed to help small businesses with less costly.
NLGS has presented more than 28,000 loans since the program introduced in 2012.
According to the Annual Annual Functionality Report of the DMO, the General of the Gold Auctions raised £ 115. 1 billion.
From this sum, 20. 4 billion pounds were assigned to more sales of 3 other long -term bonds and two bonds similar to index.
According to a report gathered through the Jubilee debt campaign in November 2019, the UK’s national debt holdings are distributed as follows:
Given the construction of non -guaranteed non -public debt in the United Kingdom, the volume of debt owed to the corporations in the United Kingdom is expected.
What events do you know about the national debt of the United Kingdom?
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It can be informed more about the largest imports and exports in the United Kingdom in our economic review of the country’s foreign trade.
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