Economy of United Kingdom
Population: 66.49 M (2018)
GDP per Capita: 42,944 USD (2018)
2,855 B.

GDP USD

(2018)

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856,780 M.

EXPORTS USD

(2018)

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907,120 M.

IMPORTS USD

(2018)

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84.06 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.39 % (2018)
GDP of 2010 USD USD 2,880.60 B. (2018)
GDP Current USD USD 2,855.30 B. (2018)
GDP per Capita Current USD USD 42,944 (2018)
GDP per capita, PPP USD 40,522 (2018)
GDP per Capita, 2010 USD USD 43,325 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 18.50 % (2018)
Government Spending USD 528.28 B. (2018)
Government Debt % GDP 84.06 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 126.81 (2018)
Trade Openness 61.78 % (2018)
Exports of Goods and Services % GDP 30.01 % (2018)
Exports Goods & Services USD 856.78 B. (2018)
Exports Annual Growth 6.10 % (2017)
Imports as % GDP 31.77 % (2018)
Total Imports USD 907.12 B. (2018)
Foreign Direct Investment % GDP 1.23 % (2018)
Foreign Direct Investment USD 58.65 B. (2018)
Current Account Balance % GDP USD -4.31 % (2018)
Current Account Balance USD -123.11 B. (2018)
Trade Balance % GDP -1.76 % (2018)
Trade Balance USD -50.19 B. (2018)
Foreign Exchange Reserves incl Gold USD 172.66 B. (2018)
Remittances % GDP 0.16 % (2018)
Remittances USD 2,706 M. (2018)
Balance of Payments USD 26,052 M. (2018)

Labor Market

Indicator Value
Labor Force 34.28 M. (2019)
Unemployment Rate 3.81 % (2019)
Unemployment Rate Females 3.58 % (2019)
Unemployment Rate Males 4.09 % (2019)
Youth Unemployment (ages 15-24) 10.58 % (2019)
Labor Force Participation Rate 62.30 % (2019)
Labor Force (Percent Female) 46.83 % (2019)
Female Labor Force Participation Rate 57.12 % (2019)
Male Labor Force Participation Rate 67.69 % (2019)
Dependent People 56.43 % (2018)

Agriculture Sector

Indicator Value
Forest Area 13.10 % (2016)
Forest Area km² 31,610 km² (2016)
Agricultural Land 71.71 % (2016)
Agricultural Land km² 173,500 km² (2016)
Employment 1.13 % (2019)
Value added % GDP 0.63 % (2018)
Agriculture Value added USD 18.02 B. (2018)
Crop Production Index 98.10 (2016)
Precipitation 1,220 mm (2014)
Arable Land 25 % (2016)
Cereal Yield 7,229 kg/hectare (2017)
Food production index 104 (2016)
Rural Population 17 % (2018)
Fertilizer use of Arable Land 253 kg/hectare (2016)
Livestock Production Index 107 (2016)
Economy of United Kingdom

According to the World Bank and its latest published data, the economy of the United Kingdom presents a growth rate of 1.39 % (2018) to the previous year.

With a population that reaches 66.49 M (2018) and a gross domestic product of USD 2,855.30 B. (2018), it translates a Gross Domestic Product per Capita of USD 42,944 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

United Kingdom also has a workforce of 34.28 M. (2019) with an unemployment rate of 3.81 % (2019), where women represent 3.58 % (2019) and men 4.09 % (2019), the unemployment rate for young people between 15-24 years old stood at 10.58 % (2019). The total number of dependent people stands at 56.43 % (2018).

The central government spent 18.50 % (2018) of its gross domestic product that year, which in absolute terms is USD 528.28 B. (2018). Its consolidated public debt reached 84.06 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, United Kingdom exported USD 856.78 B. (2018), which represents 30.01 % (2018) of its gross domestic product, in that same sense its imports reached USD 907.12 B. (2018) with a direct foreign investment of USD 58.65 B. (2018).

United Kingdom has a forest area of 31,610 km² (2016), which represents 13.10 % (2016) of its total area, an average rainfall of 1,220 mm (2014) per year and a population of 17 % (2018) living in rural areas. With a total area of 173,500 km² (2016) available for agriculture and 1.13 % (2019) of its employments, the agricultural sector contributes to the economy of the United Kingdom about USD 18.02 B. (2018) (0.63 % (2018) of its GDP).