United Kingdom: Net investment in nonfinancial assets (current LCU)

Key figures

What the numbers say

In 2024, United Kingdom's net investment in nonfinancial assets (current LCU) rose 7% on 2023 (from 64.74 billion to 69.25 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +8.7% and a typical year strayed about 19% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 87.1% in 1995 and the biggest yearly fall was 19.3% in 2006. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 4.25 billion a year. A straight line explains 93% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, United Kingdom had the 37th highest value of the 90 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to United Kingdom in the 2024 ranking

• South Africa — 34th of 90: 98.59 billion
• Malaysia — 35th of 90: 84.41 billion
• Kyrgyz Republic — 36th of 90: 78.72 billion
• Israel — 38th of 90: 60.53 billion
• France — 39th of 90: 56.65 billion
• Morocco — 40th of 90: 54.25 billion

What this measures

Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 53 values

Net investment in nonfinancial assets (current LCU) in nearby economies

• Albania — 102.01 billion (2024)
• Armenia — 541.69 billion (2024)
• Austria — 11.48 billion (2024)
• Azerbaijan — 10.05 billion (2024)
• Belarus — 4.76 billion (2024)
• Belgium — 4.51 billion (2024)
• Bosnia and Herzegovina — 1.46 billion (2024)
• Bulgaria — 1.9 billion (2024)
• Croatia — 2.54 billion (2023)
• Cyprus

More public sector data for United Kingdom

• Arms imports (SIPRI trend indicator values) — 609 million (2025)
• Military expenditure (current USD) — 88.98 billion (2025)
• Military expenditure (current LCU) — 71.18 billion (2025)
• Military expenditure (% of GDP) — 2.35% (2025)
• Arms exports (SIPRI trend indicator values) — 702 million (2025)
• Net incurrence of liabilities, total (current LCU) — 203.14 billion (2024)
• Net incurrence of liabilities, total (% of GDP) — 7.03% (2024)
• Net investment in nonfinancial assets (% of GDP) — 2.4% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — -198.42 billion (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is United Kingdom's net investment in nonfinancial assets (current LCU)?

69.25 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 10,130% from 677 million in 1972 (9.31% a year on average, compounded). The highest value was 69.25 billion in 2024 and the lowest 677 million in 1972.

How does United Kingdom rank?

37th highest of 90 economies with data for 2024.

Is the latest change in net investment in nonfinancial assets (current LCU) unusual for United Kingdom?

In 2024, United Kingdom's net investment in nonfinancial assets (current LCU) rose 7% on 2023 (from 64.74 billion to 69.25 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +8.7% and a typical year strayed about 19% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.NFN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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