United Kingdom: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| 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 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) | $49,675 (2021) |
GDP Country Rank 10/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 2.518% (2021) |
| External debt stocks, total (DOD, current US$) | 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$) | ($62,941,408,375) (2021) |
Labor and Employment [1]
| Labor Force, Total | 34,637,447 (2021) |
| Employment in Agriculture (% of total employment) | 1.005% (2020) |
| Employment in Industry (% of total employment) | 17.656% (2020) |
| Employment in Services (% of total employment) | 81.338% (2020) |
| Unemployment Rate | 4.526% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $899,365,324,621 (2021) |
| Exports of goods and services (current US$) | $875,196,919,682 (2021) |
| Total Merchandise Trade (% of GDP) | 37.107% (2021) |
| FDI, net inflows (BoP, current US$) | $22,604,213,617 (2021) |
| Commercial Service Exports (current US$) | $427,454,333,695 (2021) |
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.