United Kingdom

World Rank 6 13.34 United Kingdom flag svg
Capital
Area
Currency
London
242,495 km 2
Pound sterling (GBP)

Table of Contents

Introduction

The United Kingdom of Britain and Northern Ireland is a country located in north-western Europe. The Kingdom consists of a large island of Great Britain as well as the north-eastern part of the island of Ireland. Besides that, we should also remember about numerous smaller islands that are within the British Isles.

Noteworthy is the fact that the UK is a unitary parliamentary democracy with a constitutional monarchy. In reality, even though there is a monarch (Elizabeth II since 1952), their role is only representative. As a result, Primer Minister Boris Johnson governs the country. Let’s also remember about the fact that the United Kingdom is also the leader of The Commonwealth of Nations, an association of all territories that once were the part of the British Empire.

Economy

The UK’s economy is one of the highest in Europe. With a GDP of $3.255 trillion, they are the third (or fourth if we include Russian Federation) largest economy right after Germany and France. It accounted for 15% of the European Union’s entire GDP in 2019. It grew by 1.43% when compared to the GDP of 2018.

One of the most important values in terms of citizen wealthiness is concerned is the GDP per capita (with PPP factor taken into account). It shows that the UK’s average citizen has approximately $48,698 annually. It is slightly more than in the case of European Union’s GDP per capita ($46,564), and much less than the former colony, The United States ($65,297).

Let’s also remember about GDP per capita growth, which indicates the average growth of wealthiness of every citizen. It was, unfortunately, very low for British Empire and it estimated to be around 0.8%.

Exports and imports of goods and services are two other crucial elements of British’ economy. The UK is exporting merchandise for the value of $894 billion, which is almost 32% of its GDP. In the case of importing, we can notice $924 billion worth of import, which is 32.6% of its GDP.

Population

In the UK, there are almost 68 million residents. Interestingly, most of them live in England (approximately 50-55 million citizens). This population makes the United Kingdom third largest (excluding Russia) nation in Europe, which is almost 15% of the entire population in Europe!

Let’s remember that there are numerous immigrants in the UK. It is estimated that aprpoxiamtely 15% of the entire British population are migrants from all over the world.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)