Economy in Britain
The UK is the fourth largest economy in the world, with a gross domestic product (GDP)
of US $1.
93 trillion.
It has the second largest economy in Europe (after Germany).
The
capital, London, is one of the two largest financial...
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Economy in Britain
The UK is the fourth largest economy in the world, with a gross domestic product (GDP)
of US $1.
93 trillion.
It has the second largest economy in Europe (after Germany).
The
capital, London, is one of the two largest financial centres in the world, along with New
York City.
The UK economy is one of the strongest in Europe; inflation, interest rates, and
unemployment remain low.
Economic Growth
Economic growth in the UK was 1.
8 per cent in 2005 (Source: ONS, 2006) and grew by
2.
7% in 2006.
Gross Domestic Product (GDP) growth is expected to remain steady in
2007 with a forecast growth figure of 2.
9%.
(Gross Domestic Product (GDP) is the market value of all final goods and services
produced and purchased within a country during a given time period).
GDP: US $1.
93 trillion (2006 est.
) (purchasing power
parity)
GDP - real growth rate: 2.
8% (2006 est)
GDP - per capita: $31,800 (2006 est.
) (purchasing power parity)
GDP - compos
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