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The United Kingdom constituted 2.17% of world GDP by purchasing power parity (PPP) in 2024 estimates. [29] The United Kingdom has one of the most globalised economies [30] and comprises England, Scotland, Wales and Northern Ireland. [31] In 2022, the United Kingdom was the fifth-largest exporter [32] in the world and the fourth-largest importer ...
United Kingdom is ranked 2 out of 180 countries in the Environmental Performance Index. [124] A law has been passed that greenhouse gas emissions will be net zero by 2050 in England. The Energy and Climate Intelligence Unit (ECIU) has said it would be affordable. [125] [126] The target for 2030 is a 68% reduction compared with 1990 levels. [127]
Japan–United Kingdom Comprehensive Economic Partnership Agreement; United Kingdom and the International Monetary Fund; United Kingdom National Accounts – The Blue Book; United Kingdom Standard Industrial Classification of Economic Activities; United Kingdom–Crown Dependencies Customs Union; United Kingdom–Vietnam Free Trade Agreement
The UK produces one of the quickest estimates of GDP of the major economies, about 40 days after the quarter in question. At that stage, only about 60% of the data is available, so the figure is ...
The UK has rarely been self-sufficient in terms of food supply. In 2023, the country was 54–60% self-sufficient in food. [4] [5] In 2022, the country produced enough sheep and milk to be self-sufficient, and almost enough poultry, eggs and cereals, but other foods, such as rice, tomatoes and exotic fruits, had to be imported. [6]
The cost of Brexit is still being determined, but the government watchdog estimates that the economy will take a 15 per cent hit to trade in the long term, while experts suggest that the UK has ...
In addition to being the capital city of the United Kingdom, London is one of the world's leading financial centres for international business and commerce and is one of the "command centres" for the global economy. [8] [9] [10] London is the most populous region, urban zone and metropolitan area in the United Kingdom. [11]
The UK economy shrank for the second month in a row in October as concerns about the Budget continued to weigh on confidence. Official figures showed a 0.1% drop, despite expectations that the ...