Data / Westminster / Profile

Westminster in figures

A profile of Westminster from official statistics: 5 figures in 2 sections, each with its period, its change from a year earlier, its rank among similar places where a ranking exists, and its source.

Figures last updated on 2026-10-12.

Economy

Gross domestic product (GDP) in Westminster (pounds sterling) was £102.5 billion (provisional) in 2024, up 1.7% from 2023.

Gross domestic product (GDP), pounds sterling£102.5 billion2024, provisionalUp 1.7% from 2023
GDP per head, pounds sterling£488,0812024, provisionalUp 2.1% from 2023
20K40K60K80K100K120K20002004200820122016202020242000: 31,868 GBP million2001: 32,914 GBP million2002: 34,152 GBP million2003: 35,787 GBP million2004: 37,392 GBP million2005: 40,795 GBP million2006: 42,492 GBP million2007: 47,245 GBP million2008: 49,187 GBP million2009: 48,104 GBP million2010: 50,334 GBP million2011: 51,999 GBP million2012: 54,508 GBP million2013: 57,948 GBP million2014: 59,400 GBP million2015: 58,476 GBP million2016: 68,741 GBP million2017: 72,047 GBP million2018: 75,002 GBP million2019: 79,338 GBP million2020: 74,399 GBP million2021: 84,167 GBP million2022: 97,164 GBP million2023: 100,755 GBP million2024: 102,495 GBP million
Gross domestic product (GDP), pounds sterling, 2000 to 2024. GBP million. Source: Office for National Statistics (United Kingdom), Regional gross domestic product: local authorities, GDP at current market prices, pounds million (ONS, Table 5).

Sources: Office for National Statistics (United Kingdom), Regional gross domestic product: local authorities, GDP at current market prices, pounds million (ONS, Table 5); Office for National Statistics (United Kingdom), Regional gross domestic product: local authorities, GDP per head at current market prices, pounds (ONS, Table 7). Economy statistics and rankings

Prices and housing

Average house price in Westminster (pounds sterling) was £876,788 (provisional) in July 2026, down 20.7% from July 2025.

Average house price, pounds sterling£876,788July 2026, provisionalDown 20.7% from July 2025
House price annual change, monthly-20.7%July 2026, provisionalDown 28.6 percentage points from July 2025
Average monthly private rent, pounds sterling£3,196August 2026, provisionalDown 0.6% from August 2025
800K900K1M1.1M1.2M1.3M2021-072022-042023-012023-102024-072025-042026-072021-07: 1,067,286 GBP2021-08: 1,178,953 GBP2021-09: 1,190,422 GBP2021-10: 1,139,573 GBP2021-11: 1,130,287 GBP2021-12: 1,194,527 GBP2022-01: 1,211,797 GBP2022-02: 1,170,066 GBP2022-03: 1,169,335 GBP2022-04: 1,164,566 GBP2022-05: 1,133,450 GBP2022-06: 1,137,363 GBP2022-07: 1,122,482 GBP2022-08: 1,143,826 GBP2022-09: 1,137,014 GBP2022-10: 1,118,909 GBP2022-11: 1,168,400 GBP2022-12: 1,189,648 GBP2023-01: 1,224,972 GBP2023-02: 1,201,512 GBP2023-03: 1,182,779 GBP2023-04: 1,173,224 GBP2023-05: 1,195,585 GBP2023-06: 1,198,746 GBP2023-07: 1,171,419 GBP2023-08: 1,119,681 GBP2023-09: 1,070,272 GBP2023-10: 1,066,855 GBP2023-11: 1,059,735 GBP2023-12: 1,116,161 GBP2024-01: 1,150,699 GBP2024-02: 1,163,178 GBP2024-03: 1,131,406 GBP2024-04: 1,118,409 GBP2024-05: 1,068,941 GBP2024-06: 1,070,710 GBP2024-07: 1,025,507 GBP2024-08: 1,085,770 GBP2024-09: 1,051,680 GBP2024-10: 1,060,698 GBP2024-11: 1,025,153 GBP2024-12: 1,033,867 GBP2025-01: 1,023,178 GBP2025-02: 999,384 GBP2025-03: 951,206 GBP2025-04: 1,013,372 GBP2025-05: 1,083,519 GBP2025-06: 1,144,822 GBP2025-07: 1,106,346 GBP2025-08: 1,035,423 GBP2025-09: 1,055,294 GBP2025-10: 996,299 GBP2025-11: 997,915 GBP2025-12: 938,252 GBP2026-01: 948,757 GBP2026-02: 900,297 GBP2026-03: 865,240 GBP2026-04: 847,914 GBP2026-05: 861,415 GBP2026-06: 867,665 GBP2026-07: 876,788 GBP
Average house price, pounds sterling, July 2021 to July 2026. GBP. Source: HM Land Registry (United Kingdom), UK House Price Index: average price, all property types, not seasonally adjusted, pounds (HM Land Registry, Average price file).

Sources: HM Land Registry (United Kingdom), UK House Price Index: average price, all property types, not seasonally adjusted, pounds (HM Land Registry, Average price file); HM Land Registry (United Kingdom), UK House Price Index: annual change in the average price, all property types, not seasonally adjusted, percent (HM Land Registry, Average price file); Office for National Statistics (United Kingdom), Price Index of Private Rents, UK: monthly price statistics, Table 1: rental price, all property types, pounds per month (ONS). Housing statistics and rankings

Sources and citations

Each figure comes from the table cited here. Cite the publisher; these citations include any notice the publisher requires.

  1. 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.
  2. Office for National Statistics. Regional gross domestic product: local authorities, GDP per head at current market prices, pounds (ONS, Table 7). 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.
  3. HM Land Registry. UK House Price Index: average price, all property types, not seasonally adjusted, pounds (HM Land Registry, Average price file). Contains HM Land Registry data © Crown copyright and database right. This data is licensed under the Open Government Licence v3.0. https://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Average-prices-2026-07.csv. Retrieved 2026-10-12.
  4. HM Land Registry. UK House Price Index: annual change in the average price, all property types, not seasonally adjusted, percent (HM Land Registry, Average price file). Contains HM Land Registry data © Crown copyright and database right. This data is licensed under the Open Government Licence v3.0. https://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Average-prices-2026-07.csv. Retrieved 2026-10-12.
  5. Office for National Statistics. Price Index of Private Rents, UK: monthly price statistics, Table 1: rental price, all property types, pounds per month (ONS). Contains public sector information licensed under the Open Government Licence v3.0. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/priceindexofprivaterentsukmonthlypricestatistics/16september2026. Retrieved 2026-10-12.

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