United Kingdom's net primary income (net income from abroad) (current LCU) was -20.96 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 37.01% from -33.27 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -20.96 billion | 2024 |
| Five years earlier | -2.26 billion | 2019 |
| Ten years earlier | -33.27 billion | 2014 |
| Highest | 14.52 billion | 2005 |
| Lowest | -46.73 billion | 2016 |
| Average since 2015 | -25.28 billion | 2015–2024 |
| First recorded | 210.22 million |
What the numbers say
In 2024, United Kingdom's net primary income (net income from abroad) (current LCU) rose 24.99 billion on 2023 (from -45.95 billion to -20.96 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −1.4 billion and a typical year strayed about 17.93 billion from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 45.1 billion in 2021 and the biggest yearly fall was 47.31 billion in 2023. 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 there is no clear straight-line trend: a straight line explains 11% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 33rd highest value of the 39 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
- United States — 30th of 39: -8.27 billion
- New Zealand — 31st of 39: -11.66 billion
- Bhutan — 32nd of 39: -15.95 billion
- Luxembourg — 34th of 39: -29.82 billion
- Iceland — 35th of 39: -40.83 billion
- Ireland — 36th of 39: -139.97 billion
What this measures
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). 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.
All 55 values
| Year | Net primary income (net income from abroad) (current LCU) |
|---|---|
| 2024 | -20,959,000,000 |
| 2023 | -45,948,000,000 |
| 2022 | 1,366,000,000 |
| 2021 | 136,000,000 |
| 2020 | -44,966,000,000 |
| 2019 | -2,259,000,000 |
| 2018 | -29,254,000,000 |
| 2017 | -22,403,000,000 |
| 2016 | -46,733,000,000 |
| 2015 | -41,769,000,000 |
Net primary income (net income from abroad) (current LCU) in nearby economies
- Albania — -5.05 billion (2025)
- Armenia — -336.98 billion (2025)
- Austria — -953.6 million (2024)
- Azerbaijan — -3.38 billion (2025)
- Belarus — -3.39 billion (2025)
- Belgium — 10.13 billion (2024)
- Bosnia and Herzegovina — 324,300 (2025)
- Bulgaria — -5.95 billion (2025)
- Croatia — -980.39 million (2025)
More economic policy & debt data for United Kingdom
- Total reserves, including gold (current US$) — US$214.36 billion (2025)
- Total reserves, excluding gold (current US$) — US$170.78 billion (2025)
- General government final consumption expenditure (current US$) — US$849.56 billion (2025)
- General government final consumption expenditure (current LCU) — 645.22 billion (2025)
- General government final consumption expenditure (% of GDP) — 21.23% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$2.42 trillion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 1.84 trillion (2025)
- Households and NPISHs final consumption expenditure (% of GDP)
Reading data like this
Questions people ask
- What is United Kingdom's net primary income (net income from abroad) (current LCU)?
- -20.96 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is down 10,070% from 210.22 million in 1970. The highest value was 14.52 billion in 2005 and the lowest -46.73 billion in 2016.
- How does United Kingdom rank?
- 33rd highest of 39 economies with data for 2024.
- Is the latest change in net primary income (net income from abroad) (current LCU) unusual for United Kingdom?
- In 2024, United Kingdom's net primary income (net income from abroad) (current LCU) rose 24.99 billion on 2023 (from -45.95 billion to -20.96 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −1.4 billion and a typical year strayed about 17.93 billion from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.GSR.NFCY.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) 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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