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The sector added gross value of £151,785 million to the UK economy in 2011. [137] As of 2016, high-street retail spending accounted for about 33% of consumer spending and 20% of GDP. Because 75% of goods bought in the United Kingdom are made overseas, the sector only accounts for 5.7% of gross value added to the British economy. [138]
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 ...
Thereafter the United Kingdom's relative economic performance improved substantially to the extent that, just before the Great Recession, British income per capita exceeded, albeit marginally, that of France and Germany; furthermore, there was a significant reduction in the gap in income per capita terms between the UK and USA. [7]
Science & Tech. Sports. Weather. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. ... UK economy grows for first time in three months. January 16, 2025 at 2:17 AM.
{{Economy of the United Kingdom | state = expanded}} will show the template expanded, i.e. fully visible. {{ Economy of the United Kingdom | state = autocollapse }} will show the template autocollapsed, i.e. if there is another collapsible item on the page (a navbox, sidebar , or table with the collapsible attribute ), it is hidden apart from ...
Northern Ireland is self-sufficient in food production and is able to export more than half of its meat and crops to the rest of the UK and beyond. [7] [8] The detailed pattern of modern UK agriculture was heavily influenced by the Common Agricultural Policy of the European Union, with a combination of price support and set-aside policy.
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]
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
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