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The
economy of
United
Kingdom
Contents
Introduction
• Britain , is a sovereign country in Western Europe
• The United Kingdom comprises four geographic and historical
parts—England, Scotland, Wales, and Northern Ireland
• The official name of UK is ‘United kingdom of Great Britain
and Northern Ireland
• The United Kingdom is the sixth largest financial economy
in the World
About United
Kingdom • Currency : Pound sterling (GBP)
• Population : 64,105654 , ranked - 22nd
• Labour force :-
Agriculture -1.4%
Industry- 8%
Service -90.6%
• Unemployment: 8.4%
• Average Net salary: £2500-£3000
GDP in the United Kingdom averaged 1314.30 USD Billion from 1960 until 2022
GDP
• The United Kingdom , is a developed
country and has worlds 5th largest
economy by nominal GDP
• GDP growth is expected to be modest at
0.3% in 2023 and to improve moderately
to 1.0% in 2024.
• GDP per capita of UK is 46,510.28 USD
(2021)
• GDP by sector :
Agriculture sector - 0.68%
Manufacturing industry - 17.49%
Service sector - 71.46%
GDP growth rate 2017-2027
Main industries of
Uk
History of United
Kingdom 🇬🇧
Imports of
Uk
Mineral Fuels – £8.7 Billion.
Mechanical Appliances – £6.4 Billion.
Electronic Equipment – £5.3 Billion.
Precious Metals – £4.2 Billion.
Motor Vehicles – £4.1 Billion.
Pharmaceutical Products – £2.0 Billion.
Other Products – £1.6 Billion.
Plastics and Plastic Products – £1.5 Billion.
Exports of UK
Exports £815 billion (2022)
Exports goods
Cars. $30.2 B
Gas turbines. $21.9 B
Crude petroleum $19.6 B
Gold. $29.7 B
Packaged Medication $17.9 B
Main export partners
European union(+) 48.8%
Germany(+) 8.7%
Netherland(+) 6.9
France(+) 6.6%
Ireland (+) 6.0%
Italy(+) 3.1%
Belgium (+) 3.1%
United States (+) 18.6%
China(-) 3.6%
Switzerland(+) 3.1% 2022
SWOT ANALYSIS
Strength
-Strong Service Industry
-High Standard of Education
-Plenty of FDI
- Political Stability
Weakness
-Poor Transport
-Suboptimal Innovation
SWOT ANALYSIS
Opportunity
-New Trade Partners
-Riding Tech Waves
-Migrant Education
Threats
-competition
-workers/ business relocation
-Financial crisis
Future growth
and prospects
of United
Kingdom
• The UK economy remains on course to avoid a technical recession.
• A growth rate of 0.3% is expected for the whole of 2023, rising slightly to 0.6% in 2024, and
1.0% in 2025
• The three causes of economic change in the UK are globalisation , government policies,
and deindustrialization.
Thank You

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The Economy of United Kingdom

  • 3. Introduction • Britain , is a sovereign country in Western Europe • The United Kingdom comprises four geographic and historical parts—England, Scotland, Wales, and Northern Ireland • The official name of UK is ‘United kingdom of Great Britain and Northern Ireland • The United Kingdom is the sixth largest financial economy in the World
  • 4. About United Kingdom • Currency : Pound sterling (GBP) • Population : 64,105654 , ranked - 22nd • Labour force :- Agriculture -1.4% Industry- 8% Service -90.6% • Unemployment: 8.4% • Average Net salary: £2500-£3000
  • 5. GDP in the United Kingdom averaged 1314.30 USD Billion from 1960 until 2022 GDP • The United Kingdom , is a developed country and has worlds 5th largest economy by nominal GDP • GDP growth is expected to be modest at 0.3% in 2023 and to improve moderately to 1.0% in 2024. • GDP per capita of UK is 46,510.28 USD (2021) • GDP by sector : Agriculture sector - 0.68% Manufacturing industry - 17.49% Service sector - 71.46%
  • 6. GDP growth rate 2017-2027
  • 9.
  • 10. Imports of Uk Mineral Fuels – £8.7 Billion. Mechanical Appliances – £6.4 Billion. Electronic Equipment – £5.3 Billion. Precious Metals – £4.2 Billion. Motor Vehicles – £4.1 Billion. Pharmaceutical Products – £2.0 Billion. Other Products – £1.6 Billion. Plastics and Plastic Products – £1.5 Billion.
  • 11. Exports of UK Exports £815 billion (2022) Exports goods Cars. $30.2 B Gas turbines. $21.9 B Crude petroleum $19.6 B Gold. $29.7 B Packaged Medication $17.9 B Main export partners European union(+) 48.8% Germany(+) 8.7% Netherland(+) 6.9 France(+) 6.6% Ireland (+) 6.0% Italy(+) 3.1% Belgium (+) 3.1% United States (+) 18.6% China(-) 3.6% Switzerland(+) 3.1% 2022
  • 12. SWOT ANALYSIS Strength -Strong Service Industry -High Standard of Education -Plenty of FDI - Political Stability Weakness -Poor Transport -Suboptimal Innovation
  • 13. SWOT ANALYSIS Opportunity -New Trade Partners -Riding Tech Waves -Migrant Education Threats -competition -workers/ business relocation -Financial crisis
  • 14. Future growth and prospects of United Kingdom • The UK economy remains on course to avoid a technical recession. • A growth rate of 0.3% is expected for the whole of 2023, rising slightly to 0.6% in 2024, and 1.0% in 2025 • The three causes of economic change in the UK are globalisation , government policies, and deindustrialization.