London's Wealth: GDP, Income, Property, and Inequality

London is one of the world's wealthiest cities, but with significant disparities.

Key Economic Indicators (2019 Data)

• GDP: £589.6 billion (20.7% of UK total)
• Average Annual Income: £39,000 (vs. UK average £29,000)
• Average House Price: £485,000 (vs. UK average £232,000)
• Total Individual Wealth: £2.6 trillion (28% of UK total)

Inequality

Despite aggregate wealth, London has a wider rich-poor gap than most UK regions, with stark disparities across ethnic and social groups. High living costs and concentrated wealth make affordability a major challenge for many residents.