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  1. More Images

    Economy of the United Kingdom

    Overview of the economy of the United Kingdom

    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, tenth-largest by purchasing power parity, and twentieth by nominal GDP per capita, constituting 3.1% of nominal world GDP. The United Kingdom constituted 2.17% of world GDP by purchasing power parity in 2024 estimates. The United Kingdom has one of the most globalised economies and comprises England, Scotland, Wales and Northern Ireland. In 2022, the United Kingdom was the fifth-largest exporter in the world and the fourth-largest importer. It also had the fourth-largest outward foreign direct investment, and the fifteenth-largest inward foreign direct investment. In 2022, the United Kingdom's trade with the European Union accounted for 42% of the country's exports and 48% of its imports. Wikipedia

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  2. en.wikipedia.org

    The economy of the United Kingdom is a highly developed social market economy. [25] ... Therefore a large part of the regional variation in the UK economy occurs within England itself. London, which is the capital of both the UK and England, has the largest regional economy in England as well as the highest GDP per capita, whilst North East ...
  3. Regional economic activity by gross domestic product, UK: 1998 to 2022. ... Of the ITL1 regions, London experienced the largest increase in real GDP in 2022 at 4.9%; the smallest increase was seen in the East Midlands at 1.8%. ... United Kingdom: 36,844: 3.2: 67,596: 2,506,170: 4.3: Highest 10 GDP per head: Camden and City of London: 599,588-2. ...
  4. This bulletin is based on output for the year 2022, as reported in the most recent annual estimates of economic activity by UK country, region and local area found in our Regional economic activity by gross domestic product, UK: 1998 to 2022 bulletin. London had the highest productivity level of any UK region in 2022.
  5. In Quarter 3 2022, when compared with the same quarter a year ago, UK growth was estimated to be 2.0%. England and Scotland were estimated to have shown growth above the UK, at 2.5% and 2.6%, respectively. London, the North West and the South East were the only regions of England showing growth above the UK, at 6.7%, 2.7% and 2.2%, respectively.
  6. en.wikipedia.org

    The London Stock Exchange, the United Kingdom's main stock exchange and the largest in Europe, is England's financial centre, with 100 of Europe's 500 largest corporations being based there. [13] The official currency in England is the pound sterling, whose ISO 4217 code is GBP. The "pound sterling" is the oldest currency in continuous use.
  7. oecd-cfe-eds.github.io

    Deep regional economic and social inequality which is the legacy of a long period of rapid productivity growth in London and South-East England and rapid deindustrialization in poorer regions of the country. ... The United Kingdom experienced an increase in the Theil index of GDP per capita over 2000-2020. Inequality reached its maximum in 2015.
  8. bankofengland.co.uk

    And compared with the United States for example, the United Kingdom's regional inequalities in average income, unemployment rates, etc are enduring. The economy does not appear to be very flexible in accommodating shocks. The process of adjustment to shocks takes place over both time and space. As a result, an understanding of the regions
  9. cambridge.org

    Jan 11, 2023The result was that the UK increasingly started to display a strong core-periphery productivity structure to its economic geography, with the more prosperous core regions being those in and around the London economy and its very large hinterland including the South East, East and South West regions plus to some extent also Scotland, while the ...
  10. bankofengland.co.uk

    This article offers an analysis of regional economic performance in the United Kingdom, looking both at longer-term trends and the short-term outlook. It incorporates data published by various sources during the first three quarters - including government statistics and industrial surveys - and includes information from the Bank's Agents.

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