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How is the UK economy? / How big is Britain's economy?

14 Jul 2022 By PAYCEC

With a population of over 66 million and a gross domestic product (GDP) of $2.83 trillion in 2019, the United Kingdom has the sixth-largest economy after the United States, China, Japan, Germany, and India. England, Scotland, Wales, and Northern Ireland make up the United Kingdom. Its economy is extremely varied, and its quality of life is widely regarded as being high. Services, manufacturing, construction, and tourism are the industries that make up the lion's share of the U.K.'s GDP. 4 Its laws are distinctive, such as the free asset ratio.

  • The United Kingdom has the sixth-largest economy in the world as of 2019, with a GDP of $2.83 trillion.
  • More than 75% of the U.K.'s GDP is made up of the services sector, which includes a variety of industries like finance, retail, and entertainment, while manufacturing and production account for less than 21%.
  • With 43.5 percent of all exports in 2019 going to the EU, it is the UK's top trading partner.

Disclaimer: The above information is from our research and opinion, you should read it for reference, and do not take it as an official source.

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