All you need is love and probably a bit of cash to spend if we’re to believe these UK Valentine’s Day spending statistics. Are Brits ready to spend a fortune on their loved ones, or would they rather splurge on themselves?
UK Valentine’s Day Spending Statistics
- Brits spent approximately £1.37 billion in 2022. (WunderKind)
- Spending in 2022 increased by around 15% from 2021. (Statista)
- In 2021, the total expenditure hit £926 million, decreasing from £1.45 billion in 2020. (Finder)
- Since 2017, Valentine’s Day spending in the UK has increased by £300 million. (Statista)
- An average Brit spent £35 on Valentine’s Day in 2020. (Professional Jeweller)
- 2022’s most significant spikes in online sales occurred on 2 February (up by 99% compared to the daily average for the month) and on 13 February (up by 72%). (Wunderkind)
- Traffic to e-commerce sites increased by 33% against 2021 and 39% compared to pre-pandemic levels. (Wunderkind)
- One in five Brits buys Valentine’s Day gifts for their pets, spending £27 million on them. (American Express)
Men vs Women: Who Spends More on Valentine’s Day?
- Men spend on average £44 for Valentine’s Day, compared to £26 for women. (Evolution Money)
- Research has found that, in general, men spend 57% more on their loved ones than women. (Barclays)
- In a survey of 3,000 people, 13.4% of men respondents said they could spend over £50 for Valentine’s Day. (Statista)
- In the same poll, only a third said they would spend less than £10. (Statista)
- 50% of women expect a gift worth at least £40 for Valentine’s Day. (Don’t Disappoint Me)
- 47% of British men don’t expect gifts at all! (Don’t Disappoint Me)
- 2% of men felt let down by the present they got, compared to 42.6% of women. (Don’t Disappoint Me)
Are the Youngsters More Willing to Spend?
- The silent generation spent the least (£10) and Generation Z the most (£41) in 2021. (Finder)
- 2% of 25-34-year-olds spend over £60 on their significant other. (Ocean Finance)
- 3% of Millenials are willing to fork out £200 for Valentine’s Day, compared to just 2.4% of Baby Boomers. (Ocean Finance)
- 35% of those over 65 said they don’t plan on spending money on Valentine’s Day. (Ocean Finance)
- 31% of 18 to 25-year-olds interviewed for a survey said they’d be happy to buy a second-hand gift, compared to just 10% of 55 to 64-year-olds. (Shopiago)
Valentine’s Day Spending by Region
- London had the biggest Valentine’s Day spenders, with an average spend of just below £40 in 2021. (Finder)
- Those in the East Midlands spent around £16, the lowest average for 2021. (Finder)
- Out of the four nations, Scotland spends the least on gifts, with an average of £26. (Evolution Money)
- However, people in Wales and the South West of England are the least likely to celebrate. (Evolution Money)
Singles vs Couples: Self-Love on the Rise
- 68% of single ladies now celebrate Galentine’s Day, which is Valentine’s Day but with friends! (Don’t Disappoint Me)
- 69% of men choose to stay home and spend the day alone. (Don’t Disappoint Me)
- 25% of Brits said they’d treat themselves on Valentine’s Day in 2020, spending an average of £12.50. (Finder)
- Interestingly, single people were the least likely to gift themselves on Valentine’s Day. (Finder)
Favourite Valentine’s Day Gifts
- According to digital payments company Square, sales for products with ‘hearts’ increased by 57.7% in 2022, and chocolate sales went up by 44.9%. (Square)
- A quarter of respondents in a survey said they planned to buy flowers and plants, 22% said perfume and aftershave, and 21% clothes and lingerie. (Yodel)
- 2019 spending shows that Brits spent approximately £319 million on dining out, £267 million on flowers and £193 million on clothing and lingerie. (Statista)
- 23% get gift suggestions from friends and family. (Statista)
- One in five women in the UK said they don’t want to get a gift card or a lingerie set for Valentine’s Day. (Statista)
- For couples that live together, 27% planned on getting takeaway, and 26% prioritised cooking a special meal. (Finder)
- In a Barclaycard survey, 61% of respondents said they’d cook a special dinner at home, followed by 38% of people thinking about gifting chocolates. (Barclays)
- Brits spent £267 million on romantic weekend breaks in 2019. (Business Leader)
- 23% of Brits had or would be happy to receive a second-hand Valentine’s Day present. (Shopiago)
- 25% of Brits buy Valentine’s Day gifts online. (MuchNeeded)
- Over 50% of Brits search for Valentine’s Day gift ideas in the supermarket. (Statista)
- The average Brit spends just 30 minutes on Valentine’s Day shopping. (eHarmony)
Cards & Flowers Rule Valentine’s Day
- Around 145 million cards get sold on Valentine’s Day in the UK, the second most popular holiday after Christmas for sending cards. (BobBooks)
- Over a third of men thought they’d get a gift card for Valentine’s Day. (Statista)
- In 2021, a Valentine’s Day card was the most unwanted gift for men. (Statista)
- 3% of British people have received a card or a gift from a secret admirer. (Ocean Finance)
- Brits spend £261 million on flower bouquets on Valentine’s Day. (The Valley Group)
- 40% of British women expected to receive flowers for Valentine’s Day. (Statista)
What Do Brits Think about Valentine’s Day?
- 25% of couples in the UK think the holiday is too commercialised, and over 50% don’t plan on celebrating. (Marie Claire)
- 59% of British men believe Valentine’s Day celebrations are pointless. (New Statesman)
- 37% of people in the UK broke up the week leading up to Valentine’s Day. (The Sun)
- February 14th is among the busiest days for divorces in the UK, with a 549% bump in trade for solicitors compared to the yearly average. (The Daily Mirror)