Inflation rate (2006)
2.4%
Poverty rate (2002)
17%
External Debt (1998)
N/A
Revenues (2003)
$688.9bn
Expenses (2003)
$746.1bn
Labour force (2003)
29.6m
Labour force by occupation (2002)
Services (46%), government(28%), industry (25%), agriculture (1%)
Unemployment rate (2006)
5.5%
Main Industries
Machine tools, industrial equipment, scientific equipment, shipbuilding, aircrafts, motor vehicles and parts, electronic machinery, computers, processed metals, chemical products, coal mining, oil production, paper, food processing, textiles, clothing, and other consumer goods.
Agriculture and Fishing
Accounts for only about 1,0% of GDP;
wide variety of crops and livestock products, namely: cereals, oilseed, potatoes, vegetables; cattle, sheep, poultry; eggs, milk, cheese; fish and fish products.
Exports (2005)
$312.03bn
- Main Trading Partners:
USA 15%, Germany 11.4%, France 9.7%, Ireland 7.4%,Netherlands 6.3%, Belgium 5.5%, Spain 4.8%, Italy 4.4%.
- Exported commodities: manufactured goods, fuels, chemicals; food, beverages (notably Scotch whisky), tobacco.
Imports (2005)
$359.68bn
- Main Trading Partners (2004):
Germany 14.1%, USA 8.7%, France 8%, Netherlands 7.2%, Belgium 5.5%, Italy 4.9%, China 4.1%, Ireland 4%.
- Imported commodities: machinery, manufactured goods, semifinished and consumer goods; foodstuffs.
Economic Aid Donor (2004)
$4.2bn
Black market:
Illicit drugs: gateway country for Latin American cocaine entering the European market; producer of synthetic drugs; transshipment point for Southwest Asian heroin; money-laundering center.
Regional variation
The strength of the UK economy varies from region to region. GDP, and GDP per capita is highest in London.
The following table shows the GDP (2002) per capita of the 12 areas, with data supplied by Eurostat.
Rank |
Place |
GDP per capita in Pound Sterlings |
1 |
London, England |
27 445 |
2 |
South East, England |
18 564 |
3 |
Scotland |
16 284 |
4 |
East of England |
15 976 |
5 |
South West, England |
15 789 |
6 |
West Midlands, England |
15 152 |
7 |
East Midlands, England |
14 994 |
8 |
North West, England |
14 953 |
9 |
Yorkshire and the Humber, England |
14 953 |
10 |
Northern Ireland |
13 430 |
11 |
North East, England |
13 184 |
12 |
Wales |
13 084 |
