Industrial production and national debt 1980 - 2020

Great Britain's industrial production in decline since 2000

National flag of Great Britain

Update October 22th, 2021 - The upward movement of industrial production stopped in 2000. Since then production mainly dwindled and reached with 94.6 index points in 2020 a level of 28 years ago, 1992 (93.1).


So the three structural changes in the course of the industrial production since the year 2000 ("The structural changes in the course of the industrial production") have deepened forcing Great Britain's industrial production for twelve years until 2012 into a long-term decline.

Industrial production of Great Britain from 1980 to 2020.

Declining industrial production, soaring national debt

As in Japan a stagnating or declining industrial production is combined with soaring national debt.

National debt of Great Britain in % of GDP from 1994 to 2020.

In 2006 the galloping national debt started along the beginning permanent crisis of industrial production. Within twelveven years national debt doubled from 41% to 84% of the Gross National Product (2020).

Galloping private debt

The private sector includes enterprises excluding banks, households and non-profit institutions. This corporate and private debt amounted to 170% of Gross Domestic Product in 2020.


Shortly before and during the global economic crisis, this debt ration reached 186% of GDP.

Private Verschuldung in Gro├čbritannien von 1980 bis 2020.
Source: Federal Reserve Bank of St. Louis, October 21, 2021

Credit or debt means buying goods and services today and paying later from the value added, i.e. income and profit. However, industrial production as an essential factor of value creation is shrinking.


This means that there is a trend towards declining value added and exploding debt. "Sooner or later, the prospects for this situation will lead to an even deeper global economic crisis", stated the UK Report for 2019 in this magazin.


In 2020, output fell almost to a 28-year low and nationalc debt soared to 106% of GDP so far in the first half of 2021.

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