United Kingdom National Debt Clock

The UK National Debt Clock

According to the Office for National Statistics (which is the executive office of the UK Statistics Authority, which reports directly to Parliament), the United Kingdom had a net debt of:

£824,000,000,000

As of: September, 2009


(note: This roughly translates into 920 billion Euros, or about $1.35 trillion dollars USD.

According to the ONS (Office for National Statistics), this 824.8 billion pound figure represents 59% of the GDP (Gross Domestic Product) of the United Kingdom.

As of July 2008, the United Kingdom had a total of 60,943,912 residents, meaning that the average citizen of the UK owes approximately:

£13,533.75

This works out to about $22,258 USD owed per person in the United Kingdom.

Comparatively speaking, the average US citizen owes $39,064 as their share of the US national debt.

The ONS points out that excluding financial sector interventions, the total debt load of the UK is:

£682.8 billion

It is expected that the United Kingdom will have more than 1 trillion pounds in debt by the year 2011.

Who does the UK government (and by extension, the citizens of the United Kingdom) owe all of this money to?

Good question - to find the answer, let's look to the Quarterly Review that is published by the UK Debt Management Office (DMO):


Insurance Companies and Pension Funds: 36%
Overseas Investors: 36%
Other Financial Institutions and Other: 18%
Banks: 7.5%
Building Societies: 1.2%
Households: 1.1%
Local Authorities and Public Corporations 0.2%





Source: National Statistics Online