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The economy of England is the largest economy of the four countries of the United Kingdom. England 's economy is one of the largest and most dynamic in the world, with an average GDP per capita of £37,852 in 2022.
England constitutes the vast majority of the total UK population (84.3%) and an even larger proportion of the GDP (86.25%). Therefore a large part of the regional variation in the UK economy occurs within England itself.
The UK produces one of the quickest estimates of GDP of the major economies, about 40 days after the quarter in question. At that stage, only about 60% of the data is available, so the figure is ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
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 "bounce back" from this slump. 2021
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
GDP (PPP) means gross domestic product based on purchasing power parity.This article includes a list of countries by their forecast estimated GDP (PPP). [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.
The GDP per capita showed similar variations with London having a GDP per head of £56,000 compared with the North East of England at £23,000 in 2024. [3] Different regions also see different rates of unemployment; in early 2024, the average UK unemployment rate was 4.3%, ranging from the East Midlands at 5.6% to Northern Ireland at 2.1%. [3]