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- The United Kingdom has a developed and international trading economy, which was a leader in the 19th-century Industrial Revolution1. The economy is characterized by its service sector dominance, particularly in finance, insurance, and professional services, accounting for around 80% of GDP2. However, the UK economy has faced challenges, including a recession due to the economic fallout of the COVID-19 pandemic3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The United Kingdom has a fiercely independent, developed, and international trading economy that was at the forefront of the 19th-century Industrial Revolution. The country emerged from World War II as a military victor but with a debilitated manufacturing sector.www.britannica.com/place/United-Kingdom/EconomyThe United Kingdom, comprising England, Scotland, Wales, and Northern Ireland, has one of the world's largest economies. The economy is characterized by its service sector dominance, particularly in finance, insurance, and professional services—as a whole, services activity accounts for around 80% of GDP.www.focus-economics.com/countries/united-kingdo…With two quarters of negative growth at the end of 2023, the UK economy is currently in recession, and has grown only slightly compared to its pre-pandemic size. In 2020, UK GDP shrank by a record 10.4 percent due to the economic fallout of the COVID-19 pandemic.www.statista.com/topics/6500/the-british-economy/
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Economy of the United Kingdom - Wikipedia
Within the United Kingdom, England has the largest constituent economy measured by gross domestic product (GDP) according to the figures provided by the Office for National Statistics (ONS) for the year 2022, whilst Northern Ireland has the smallest, which is also in line with their respective population sizes. See more
The economy of the United Kingdom is a highly developed social market economy. It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power parity See more
The UK's Office for National Statistics' Blue Book divides the UK economy into 10 broad categories, to list their contribution to the UK economy in terms of Gross value added and … See more
1945 to 1979
The WWII net losses in British national wealth amounted to 18.6% (£4.595 billion) of the prewar wealth (£24.68 billion), at 1938 prices. After the … See moreGovernment involvement in the economy is primarily exercised by HM Treasury, headed by the Chancellor of the Exchequer. In recent years, the UK economy has been … See more
London is the world capital for foreign exchange trading, with a global market share of 43.1% in 2019 of the daily $6.6 trillion global turnover. The highest daily volume, counted in trillions of US dollars, is reached when New York enters the trade. See more
In 2013 the UK was the leading country in Europe for inward foreign direct investment (FDI) with $26.51bn. This gave it a 19.31% market share in Europe. In contrast, the UK was … See more
Wikipedia text under CC-BY-SA license The UK economy - Statistics & Facts | Statista
Find out the latest data and trends on the UK economy, including GDP, inflation, unemployment, wages, and more. Compare the UK with other countries and regions in various indicators and charts.
UK GDP - Statistics & Facts | Statista Jan 20, 2021 United Kingdom - Statistics & Facts | Statista Dec 22, 2020 Brexit and the UK economy Jun 4, 2018 UK set for faster growth in 2025 but high inflation too, OECD …
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The Economy of the United Kingdom - Investopedia
Aug 11, 2023 · With a gross domestic product (GDP) of $3.07 trillion in 2022 and a population of more than 67 million, the United Kingdom has the sixth-largest economy after the U.S., China, Japan, Germany,...
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