Gross domestic product (GDP), pounds sterling in Kensington and Chelsea

Gross domestic product (GDP), pounds sterling in Kensington and Chelsea was £12.15 billion in 2024, according to the Office for National Statistics (United Kingdom). That is down 1.2% from 2023.

2024, GBP million12,147 Provisional
Change on 2023-1.2%
Series high12,2952023
Series low4,2891998

Gross domestic product (GDP), pounds sterling in Kensington and Chelsea, 1998 to 2024

4,0006,0008,00010K12K14K19982002200620102014201820241998: 4,289 GBP million1999: 4,569 GBP million2000: 4,915 GBP million2001: 5,147 GBP million2002: 5,313 GBP million2003: 5,486 GBP million2004: 5,816 GBP million2005: 6,140 GBP million2006: 6,383 GBP million2007: 7,083 GBP million2008: 7,590 GBP million2009: 7,107 GBP million2010: 7,299 GBP million2011: 7,809 GBP million2012: 8,687 GBP million2013: 9,415 GBP million2014: 10,248 GBP million2015: 10,352 GBP million2016: 10,334 GBP million2017: 10,474 GBP million2018: 11,097 GBP million2019: 10,627 GBP million2020: 9,149 GBP million2021: 9,741 GBP million2022: 11,890 GBP million2023: 12,295 GBP million2024: 12,147 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
202412,147 Provisional
202312,295
202211,890
20219,741
20209,149
201910,627
201811,097
201710,474
201610,334
201510,352
201410,248
20139,415
20128,687
20117,809
20107,299
20097,107
20087,590
20077,083
20066,383
20056,140
20045,816
20035,486
20025,313
20015,147
20004,915
19994,569
19984,289

Compared with London

Place2024
Kensington and Chelsea12,147
London656,291

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 Kensington and Chelsea?

Gross domestic product (GDP), pounds sterling in Kensington and Chelsea was £12.15 billion in 2024, according to the Office for National Statistics (United Kingdom). That is down 1.2% 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 Kensington and Chelsea?

£12.3 billion in 2023, the highest value since 1998 in this series.

Gross domestic product (GDP), pounds sterling elsewhere in London

Related statistics for Kensington and Chelsea

All statistics for Kensington and Chelsea