United Kingdom Economy

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With a nominal GDP of $2.4 trillion, Great Britain possesses the third-largest economy in Europe and the sixth largest economy in the world. With 73% of GDP concentrated in service sector, with Great Britain being a major global hub for finance and tourism. In the manufacturing sector, the automotive, aerospace, and pharmaceutical industries make up the substantial majority. Over the last five years, statistical indicators regarding the health of the overall British economy has declined, with government debt rising from 44% to 82.9$ of GDP, unemployment increasing from 5.2% to 7.6%, and the economy officially entering recession beginning in the final quarter of 2008.

Major United Kingdom Indicators

Period Value % Chg Prev
Consumer Prices (View all 317)
UK Consumer Price Index (NSA) Dec 2016 101.90 0.49%
UK Inflation Rate (NSA) Dec 2016 1.60% 45.45%
Economic Activity Indexes (View all 11)
United Kingdom Economic Freedom Index 2016 76.40 0.79%
Employment (View all 332)
UK Unemployment Rate Oct 2016 4.80% 0.00
Energy (View all 116)
United Kingdom Gas Rig Count Dec 2016 1.00 0.00
United Kingdom Petroleum Products Demand Nov 2016 6.134M mt 4.34%
GDP (View all 223)
United Kingdom GDP (SCA) Q3 2016 573.19B EUR -6.66%
United Kingdom Real GDP Growth (SCA) Q3 2016 -14.10M EUR 90.54%
Government Assets and Liabilities (View all 9)
United Kingdom Government Debt (NSA) 2014 88.17% of GDP 2.25%
House Prices (View all 38)
United Kingdom House Price Index Q1 2016 148.21 1.92%
Interest Rates (View all 282)
3-Month LIBOR based on US Dollar Jan 10 2017 1.02% 0.30%
United Kingdom Long Term Interest Rate May 2015 1.94% 17.58%
Producer Prices (View all 74)
UK Producer Price Index: Net Sector Input (NSA) Dec 2016 104.10 1.96%
Sentiment Surveys (View all 133)
United Kingdom Economic Sentiment Indicator Nov 2016 107.30 1.42%
View and sort all 1798 United Kingdom Indicators

United Kingdom Sources

Office for National Statistics

Related Indicator Reports

Report Last Updated
UK Labor Market Statistics Report Jan 18, 04:31 EST
UK Consumer Price Index Report Jan 17, 04:33 EST
UK Producer Price Index Report Jan 17, 04:33 EST
UK Industrial Production Index Report Jan 11, 04:31 EST
UK Quarterly National Accounts Report Dec 23, 18:08 EST
UK Business Investment Report Dec 23, 04:31 EST
UK Public Sector Finances Report Dec 21, 04:31 EST

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