The economy of the United Kingdom is a highly developed social market economy. It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), Tenth-largest by purchasing power parity (PPP), and twenty-first by nominal GDP per capita, constituting 3.1% of nominal world GDP.
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The United Kingdom has a fiercely independent, developed, and international trading economy that was at the forefront of the 19th-century Industrial ...
United Kingdom
Country in Europe
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The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe. England – birthplace of Shakespeare and The Beatles – is home to the capital, London, a globally influential centre of...
GDP growth rate: 4.3% annual change (2022)
Gross domestic product: 3.089 trillion USD (2022)
GDP per capita: 46,125.26 USD (2022)
Gross national income: 3.697 trillion PPP dollars (2022)
GNI per capita: 55,210 PPP dollars (2022)
Government debt: 85.4% of GDP (2019)
Internet users: 96.7% of the population (2021)
Source: World Bank
The United Kingdom's economic freedom score is 68.6, making its economy the 30th freest in the 2024 Index of Economic Freedom. Its rating has decreased by ...
Accelerating progress towards net zero is fundamental to enhance energy security. The United Kingdom is among world leaders in reducing domestic greenhouse gas ...
May 14, 2024 · Bringing together the latest data on employment, prices and trade to give an overview of the economy in the UK.
Nov 3, 2023 · The United Kingdom, with a population of 67 million people and a GDP of $3.1 trillion (2022), is a major international trading power.
May 21, 2024 · The UK economy is approaching a soft landing, with a recovery in growth expected in 2024, strengthening in 2025. Growth was 0.6 percent q/q in ...
Mar 8, 2024 · The gross domestic product of the British economy was 2.27 trillion British pounds in 2023 and was the sixth-largest global economy, ...
6 days ago · UK GDP in Q1 2024 was 1.7% above its pre-pandemic level of Q4 2019. This compares with Eurozone GDP being 3.4% higher, with GDP in Germany up by ...