Civometry

OBR · 8 June 2001 – 5 May 2005

Debt forecasts, per cent of GDP during the Labour 2001–2005 government

Year ending March 2001 → Year ending March 2005 · 4 periods

↑ 18.2%+5.1% per cent of GDP

Debt forecasts, per cent of GDP rose by 18.2% over the period, from 28.2% per cent of GDP (Year ending March 2001, the level when the government took office) to 33.4% (Year ending March 2005, the last complete period before it left office).

  1. Inherited level Year ending March 2001: 28.2%
  2. Level when it left Year ending March 2005: 33.4%
  3. method: latest complete period before start / before end

Changes during this period do not by themselves show what the government caused. Statistics reflect many influences, including earlier decisions, the economy and how the data is collected.

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

Definition and caveats

Public sector net debt as a share of GDP at the end of each financial year: the outturn as the OBR last knew it, with every official forecast for the same year.

Doesn’t measure: Debt excluding the Bank of England, net financial liabilities, or the cash level of debt.