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The economy of the United Kingdom is a highly developed social market economy. [26] [27] [28] It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power parity (PPP), and twenty-first by nominal GDP per capita , constituting 3.1% of nominal world GDP . [29]
The economic geography of the United Kingdom reflects its high position in the current economic league tables, as well as reflecting its long history as a trading nation and as an imperial power. This in turn was built on exploitation of natural resources such as coal and iron ore. Much has changed since Bevan's speech (below) in 1945, with the ...
The United Kingdom fishing industry contributed £446 million in 2019 in terms of Gross Value Added (GVA); this represents 0.02% of the UK's total GVA. In 2021, 53% of fishers were based in England and Wales, 40% in Scotland and 8% in Northern Ireland. The largest English region was the South West, contributing 10% of overall output in the sector.
Regions of the United Kingdom by GRP per capita in 2018. This article is about the gross regional product (GRP) per capita of regions of the United Kingdom, defined as Level 2 regions of the Nomenclature of Territorial Units for Statistics (NUTS 2), in nominal values. Values are shown in euros in the original source.
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom ( UK) or Britain, [m] is a country in Northwestern Europe, off the coast of the continental mainland. [21] [22] It comprises England, Scotland, Wales, and Northern Ireland.
The United Kingdom on a map. The United Kingdom joined the IMF on December 27, 1945, becoming one of the first 40 nations to join the global organization. [non-primary source needed] The intention of the IMF was to help rebuild the economies' of Europe following World War II and promote the missions of global cooperation and economic growth established at the Bretton Woods Conference.
The economic history of the United Kingdom relates the economic development in the British state from the absorption of Wales into the Kingdom of England after 1535 to the modern United Kingdom of Great Britain and Northern Ireland of the early 21st century. Scotland and England (including Wales, which had been treated as part of England since ...
List of regions of the United Kingdom by GRP. This article lists the gross regional product (GRP) of regions of the United Kingdom, defined as Level 2 regions of the Nomenclature of Territorial Units for Statistics (NUTS 2), in nominal values. Values are shown in euros in the original source.
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