British GDP

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British GDP:

British Country Overview:

In this article, we will discuss British GDP. The United Kingdom is a sovereign country located in Europe. The United Kingdom is a unitary parliamentary democracy and constitutional monarchy. United Kingdom’s monarch name is Queen Elizabeth. London is the Capital and Largest city in the United Kingdom.

British GDP
British GDP

London is an economic and cultural hub of the United Kingdom. London has a historical status in all of Europe. Also, London is a tourist hub in the UK, and millions of people all around the world visit London.

English is the official and national language of the United Kingdom. Scots, Ulster-Scots, Welsh, Cornish, Scottish Gaelic, and Irish are regional and minority languages spoken in the United Kingdom.

When we talk about its Ethnic group, Whites: 87%, Asians 7%, Black 3% and 3% others live in the United Kingdom. When we talk about Religions in the United Kingdom, we see that Christianity is 60%, No religion is 26%, Islam is 5% and other religions peoples live in the United Kingdom.

United Kingdom’s Constituent countries are England, Scotland, Wales, and Northern Ireland. The UK has two Legislature houses. Upper house and Lower house. The upper house’s name is the House of Lords and the Lower house is called the House of Commons.

The total area of the United Kingdom is 242,490 Km sq. When we talk about its population, we see that the total population of the United Kingdom is 67,888,900 est. in the year 2020. The population density in the United Kingdom is 270/Km sq. 

The currency name of the United Kingdom is the Pound sterling. In UK Fiscal year is in between  6 April- 5 April. 

British GDP:

The total GDP of the United Kingdom is $3.14 trillion (nominal) and $3.18 trillion (PPP), in the year 2021. Its GDP rank is 5th (nominal) and 10th (PPP), in the year 2021. In the United Kingdom, the GDP growth rate is 5.5% in the year 2021.

GDP per Capita in the United Kingdom is $46,340 (nominal) and $47,090 (PPP) in the year 2021. UK’s GDP per capita rank is 21st (nominal) and 22nd (PPP) in the year 2021. When we talk about its GDP by sector, so agriculture: 0.7%, industry: 20%, and services: 80% in the year 2021.

British Economy Overview:

The inflation rate in the United Kingdom is 2.2% in the year 2020. When we talk about poverty in the United Kingdom, we see that 24% UK’s population lives below the poverty line. In the UK, the Human development index rate is 0.932 which is considered very high in the world.

The total Labour force in the UK is around 34,699,900 in the year 2020. When we talk about its labor force by occupation, so agriculture: 1.5%, industry: 19%, and services: 80% in the year 2021. The unemployment rate in the United Kingdom is 5% in the year 2021.

The UK’s Gross External debt is $7.5 trillion in the year 2020.

British Exports:

UK’s total exports are $850 billion in the year 2021. Its main export goods are fuels, food, tobacco, etc. Its main export partners are the European Union 49%, United States 19%, China 3.8%, Switzerland 3%, and others according to the year 2021.

British Imports:

Its total imports are $880 billion in the year 2021. Its main import goods are machinery, fuels, food products, Engineering products, etc. UK’s main import partners are the European Union 52%, the United States 11%, China 7%, Turkey 6%, and others in the year 2021.

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