Economy of the United Kingdom |
|
Currency |
1 Pound Sterling (£) = 100 pence (p) |
Fiscal year |
6 April – 5 April |
Trade organizations |
EU, BCN, WTO and OECD |
Statistics |
GDP (PPP) ranking (2006) |
6th |
GDP (PPP) per capita ranking (2006) |
11th |
GDP (PPP) (2006) |
$2.1 trillion |
GDP growth rate (2007) |
3.1% |
GDP (PPP) per capita (2006) |
$35,000 |
GDP (PPP) per square kilometre (2006) |
$8,577,750 |
GDP per barrel (2005) |
$3,400 |
GDP by sector (2006) |
agriculture (1%), industry (26%), services (73%) |
Inflation rate on CPI (2006) |
2.3% (2006) |
Poverty rate (2002) |
17% |
Labour force (2006) |
31m |
Labour force by occupation (2006) |
services (81%), industry (18%), agriculture (1%) |
Unemployment rate (2007) |
5.4% |
Main industries |
machine tools, industrial equipment, scientific equipment, shipbuilding, aircrafts, motor vehicles and parts, electronic machinery, computers, processed metals, chemical products, coal mining, oil production, paper, food processing, textiles, clothing, and other consumer goods |
Trading Partners |
Exports (2006) |
$470 billion |
Main partners (2004) |
USA 15%, Germany 11%, France 10%, Ireland 7%,Netherlands 6%, Belgium 6%, Spain 5%, Italy 4% |
Imports (2006) |
$600 billion |
Main partners (2004) |
Germany 14%, USA 9%, France 8%, Netherlands 7%, Belgium 6%, Italy 5%, the People's Republic of China 4%, Ireland 4% |
Public finances |
Public debt / public sector net cash requirement (PSNCR) / public sector borrowing requirement (PSBR) (2006) |
$39 billion |
Public debt (2007 est)[1] |
$864 billion (36% of GDP) (2006) |
Revenues (2006) |
$0.97 trillion |
Expenses (2006) |
$1.04 trillion |
Economic aid donor (2006) |
$8 billion |