Cost of EU membership The EU budget accounts for around 1% of the combined Gross Domestic Product of the 28 EU Member States. However, since Margaret Thatcher negotiated Britain’s rebate in 1984, the UK pays significantly less UK contributions to EU budget (£ million) 2008 2009 2010 2011 2012 2013 2014 2015 12,653 3,294 4,336 7,382 8,082 8,467 10,465 9,785 8,500 14,129 15,197 15,357 15,746 18,135 18,777 18,000 Gross bill £18bn Net cost £8.5bn Cost per week £164m 0.47% of GDP £1,790.4bn GDP in 2015 Rebate £5bn EU funds to UK* £4.5bn *Regional development and agricultural funds, private sector science research grants Annual EU contributions per citizen (2014) Luxembourg Sweden Denmark Netherlands Poland Belgium Finland Germany Austria Ireland France Italy Spain UK €422.25 €396.92 €393.34 €379.75 €338.20 €326.69 €326.02 €319.58 €316.29 €309.53 €297.22 €236.39 €214.55 €176.36 €166.43 €166.17 €158.56 €156.98 €154.45 €135.43 €124.50 €121.96 €115.42 €108.85 €91.18 €90.12 €67.85 €55.74 Cyprus Greece Slovenia Portugal Malta Estonia Czech Rep. Latvia Slovakia Lithuania Croatia Hungary Romania Bulgaria  Sources: HM Treasury, European Union Finances, ONS, European Commission