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The following lists show the latest figures for GDP and GDP per capita. Most figures are 2024 data from the International Monetary Fund; figures for dependent territories (both GDP [1] [2] and GDP per capita [3]) are 2024 data from the United Nations. Figures from other sources and years are noted as such.
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.
This list of countries by largest GDP shows how the membership and rankings of the world's ten largest economies as measured by their gross domestic product has changed. . While the United States has consistently had the world's largest economy for some time, in the last fifty years the world has seen both rises and falls in relative terms of the economies of other count
The economy of the United Kingdom is a highly developed social market economy. [ 25 ] [ 26 ] [ 27 ] It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), tenth-largest by purchasing power parity (PPP), and twentieth by nominal GDP per capita , constituting 3.1% of nominal world GDP . [ 28 ]
How the health of the UK economy is measured, and why the GDP calculation matters.
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [1] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
The Bank of England‘s governor Andrew Bailey has described economic growth in the UK as “subdued”, as a major charity has warned that keeping interest rates unchanged at 5.25 per cent will ...