Gross domestic product (GDP), pounds sterling in Folkestone and Hythe

Gross domestic product (GDP), pounds sterling in Folkestone and Hythe was £3.37 billion in 2024, according to the Office for National Statistics (United Kingdom). That is up 5.9% from 2023.

2024, GBP million3,370 Provisional
Change on 2023+5.9%
Series high3,3702024
Series low1,2031998

Gross domestic product (GDP), pounds sterling in Folkestone and Hythe, 1998 to 2024

1,0001,5002,0002,5003,0003,50019982002200620102014201820241998: 1,203 GBP million1999: 1,242 GBP million2000: 1,284 GBP million2001: 1,282 GBP million2002: 1,340 GBP million2003: 1,419 GBP million2004: 1,479 GBP million2005: 1,624 GBP million2006: 1,717 GBP million2007: 1,800 GBP million2008: 1,909 GBP million2009: 1,852 GBP million2010: 1,887 GBP million2011: 1,967 GBP million2012: 2,039 GBP million2013: 2,098 GBP million2014: 2,123 GBP million2015: 2,258 GBP million2016: 2,438 GBP million2017: 2,568 GBP million2018: 2,544 GBP million2019: 2,611 GBP million2020: 2,449 GBP million2021: 2,440 GBP million2022: 2,832 GBP million2023: 3,182 GBP million2024: 3,370 GBP million
GBP million. Source: Office for National Statistics, Regional gross domestic product: local authorities, GDP at current market prices, pounds million (ONS, Table 5). Retrieved 2026-10-11, published 2026-09-23.
All 27 values
PeriodGBP million
20243,370 Provisional
20233,182
20222,832
20212,440
20202,449
20192,611
20182,544
20172,568
20162,438
20152,258
20142,123
20132,098
20122,039
20111,967
20101,887
20091,852
20081,909
20071,800
20061,717
20051,624
20041,479
20031,419
20021,340
20011,282
20001,284
19991,242
19981,203

Compared with South East

Place2024
Folkestone and Hythe3,370
South East416,359

Definition

Regional GDP at current market prices (nominal, not adjusted for price changes), millions of pounds sterling. The Office for National Statistics builds it from the balanced measure of gross value added (GVA(B)) plus VAT and other taxes on products less subsidies on products. United Kingdom ITL1 regions (the nine English regions, Wales, Scotland and Northern Ireland) and local authorities.

In pounds sterling at current prices, so it is not comparable with gdp (euros), gdp_nzd (New Zealand dollars) or gdp_usd (US dollars) without a conversion, and it is not adjusted for inflation. Estimates are workplace based: output is allocated to the place where the activity happens. The latest year is provisional. The ONS suppressed some local authorities in Wales, Scotland and south west England in its September 2026 release and expects to publish them later.

How to cite

Office for National Statistics. Regional gross domestic product: local authorities, GDP at current market prices, pounds million (ONS, Table 5). Contains public sector information licensed under the Open Government Licence v3.0. https://www.ons.gov.uk/economy/grossdomesticproductgdp/datasets/regionalgrossdomesticproductlocalauthorities/1998to2024. Retrieved 2026-10-11.

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Questions

What is the gross domestic product (GDP), pounds sterling in Folkestone and Hythe?

Gross domestic product (GDP), pounds sterling in Folkestone and Hythe was £3.37 billion in 2024, according to the Office for National Statistics (United Kingdom). That is up 5.9% from 2023.

Where does this figure come from?

Office for National Statistics (United Kingdom). Regional gross domestic product: local authorities, GDP at current market prices, pounds million (ONS, Table 5). Retrieved by Invokely on 2026-10-11.

What was the highest gross domestic product (GDP), pounds sterling in Folkestone and Hythe?

£3.37 billion in 2024, the highest value since 1998 in this series.

Gross domestic product (GDP), pounds sterling elsewhere in South East

Related statistics for Folkestone and Hythe

All statistics for Folkestone and Hythe