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) Jan 2017 101.40 -0.49%
UK Inflation Rate (NSA) Jan 2017 1.91% 19.70%
Economic Activity Indexes (View all 11)
United Kingdom Economic Freedom Index 2016 76.40 0.79%
Employment (View all 332)
UK Unemployment Rate Nov 2016 4.80% 0.00
Energy (View all 116)
United Kingdom Gas Rig Count Jan 2017 1.00 0.00
United Kingdom Petroleum Products Demand Dec 2016 5.865M mt -4.39%
GDP (View all 223)
United Kingdom GDP (SCA) Q3 2016 574.20B EUR -6.65%
United Kingdom Real GDP Growth (SCA) Q3 2016 -14.20M EUR 91.89%
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 Feb 15 2017 1.04% 0.43%
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) Jan 2017 107.20 1.90%
Sentiment Surveys (View all 133)
United Kingdom Economic Sentiment Indicator Jan 2017 107.10 -1.29%
View and sort all 1798 United Kingdom Indicators

United Kingdom Sources

Office for National Statistics

Related Indicator Reports

Report Last Updated
UK Business Investment Report Feb 22, 19:51 EST
UK Public Sector Finances Report Feb 21, 04:33 EST
UK Retail Sales Report Feb 17, 04:32 EST
UK Labor Market Statistics Report Feb 15, 04:31 EST
UK Consumer Price Index Report Feb 14, 04:31 EST
UK Producer Price Index Report Feb 14, 04:31 EST
UK Industrial Production Index Report Feb 10, 04:31 EST

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