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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]
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 ...
Economic development in the United Kingdom (2 C, 5 P) E. Energy in the United Kingdom (17 C, 43 P) F. Finance in the United Kingdom (16 C, 25 P) Foreign trade of the ...
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]
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]
Chancellor Rachel Reeves has said she is “not satisfied” with the performance of the UK’s economy after it grew by a meagre 0.1 per cent in the three months to the end of September.
The UK economy shrunk for the second month in a row in October after official figures showed a 0.1% drop. The economy had been expected to return to growth following a fall during September.