Economic Trivia

The UK produces about 60% of food needs with less than 2% of the labor force.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2021): United States, Germany, and China
Top 3 Exported Goods (2021): Industrial Machinery, Precious Stones & Metals, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Machine Tools; Electric Power Equipment; Automation Equipment; Railroad Equipment

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $3,344,467,827,749 (2021)
GDP Growth Rate (annual %) 7.525% (2021)
GDP Per Capita, PPP (current international) $49,675 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 10/197 (2021)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.518% (2021)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 30.6% (2019)
Real Interest Rate (5 year average %) -0.768% (2014)
Manufacturing, value added (% of GDP) 8.778% (2021)
Current Account Balance (BoP, current US$) ($62,941,408,375) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 34,637,447 (2021)
Employment in Agriculture (% of total employment) 1.005% (2020)
Employment in Industry (% of total employment) 17.656% (2020)
Employment in Services (% of total employment) 81.338% (2020)
Unemployment Rate 4.526% (2021)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $899,365,324,621 (2021)
Exports of goods and services (current US$) $875,196,919,682 (2021)
Total Merchandise Trade (% of GDP) 37.107% (2021)
FDI, net inflows (BoP, current US$) $22,604,213,617 (2021)
Commercial Service Exports (current US$) $427,454,333,695 (2021)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, United Kingdom’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank