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Note that 2021 was an exceptional year because of the fall in GDP in 2020 which averaged 11.0% across the country. The recovery in 2021 was therefore a partial ...
The United Kingdom constituted 2.17% of world GDP by purchasing power parity (PPP) in 2024 estimates. [29] The United Kingdom has one of the most globalised economies [30] and comprises England, Scotland, Wales and Northern Ireland. [31] In 2022, the United Kingdom was the fifth-largest exporter [32] in the world and the fourth-largest importer ...
In 2021, Glasgow's GDP was estimated at just under 25.8 billion pounds, [8] with an estimated £48billion in Gross Value Added (GVA) in 2021. [9] Together with the countries capital city, Edinburgh and is associated economy, the central belt of Scotland is one of the 20 largest urban regions in Europe. [10]
The economy of Scotland is an open mixed economy, mainly services based, which is the second largest economy amongst the countries of the United Kingdom. It had an estimated nominal gross domestic product (GDP) of £218.0 billion in 2023, including oil and gas extraction in the country's continental shelf region . [ 2 ]
Scotland has the third highest median gross salary in the United Kingdom at £26,007, which is higher than the overall UK average annual salary of £25,971. [334] With an average of £14.28, Scotland has the third highest median hourly rate (excluding overtime working hours) of the countries of the United Kingdom, and like the annual salary ...
This is a list of cities and conurbations in the United Kingdom sorted by their GDP, a measure of the value of goods and services produced in an area, industry or sector of an economy. The Office for National Statistics produces GDP data in terms of International Territorial Level (ITL). The lowest spatial area for which they are made is ITL 3.
The GDP of each area of the UK varies tremendously, with London having 10 times the GDP of Northern Ireland in 2022; [2] while London and the South East of England made up over a third of the national GDP, Northern Ireland, Wales and the North East of England combined made up less than a sixth.
About 38% of the United Kingdom population has a university or college degree, which is the highest percentage in Europe, and among the highest percentage in the world. [413] The United Kingdom is home to many universities, including the University of Oxford and University of Cambridge which often achieve first place on global rankings. [414] [415]