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%
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
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.