Population: 64 million in 20131
GDP: $2.52 trillion in 20132
GDP per capita: $41,787 nominal3 ($36,197 PPP4) in 2013
GDP growth rate: 2.6% in 20145
GDP by Industry 20126
Industry sector | Value added ($ billions) 2012 | Percent of total |
Other activities | 1,160 | 53.2% |
Wholesale, retail trade, restaurants and hotels | 360 | 16.5% |
Manufacturing | 225 | 10.3% |
Transport, storage and communication | 178 | 8.2% |
Construction | 139 | 6.4% |
Mining and utilities | 104 | 4.8% |
Agriculture, hunting, forestry, fishing | 15 | 0.7% |
Total value added | 2,180 | 100% |
Unemployment rate: 5.7% in Dec 20147
Employment by Industry 20138
Employment sector | Employees (thousands) 2013 | Percent of total |
Wholesale trade, retail trade and repair of motor vehicles | 4,006 | 13.4% |
Human health and social work | 3,994 | 13.4% |
Education | 3,066 | 10.3% |
Manufacturing | 2,914 | 9.8% |
Construction | 2,157 | 7.2% |
Professional, scientific and technical | 2,032 | 6.8% |
Public administration and defence | 1,841 | 6.2% |
Accommodation and food service | 1,510 | 5.1% |
Transportation and storage | 1,491 | 5.0% |
Administrative and support service | 1,408 | 4.7% |
Information and communication | 1,164 | 3.9% |
Finance and insurance | 1,158 | 3.9% |
Other service | 797 | 2.7% |
Arts, entertainment and recreation | 733 | 2.5% |
Real estate | 336 | 1.1% |
Agriculture, forestry and fishing | 313 | 1.1% |
Not elsewhere classified | 275 | 0.9% |
Water supply, sewerage and waste management | 210 | 0.7% |
Electricity, gas, steam and air conditioning | 178 | 0.6% |
Mining and quarrying | 131 | 0.4% |
Activities of households as employers | 63 | 0.2% |
Extraterritorial organizations and bodies | 43 | 0.1% |
Total employment | 29,821 | 100% |
Top 10 Corporations by Revenue 2014* 9
Rank | Corporation | Revenue ($ billions) 2014 | Profit ($ billions) 2014 | Assets ($ billions) 12/31/14 | Industry |
1 | BP | 354 | 4.0 | 284 | Energy |
2 | Tesco | 96 | 1.5 | 76 | Retail |
3 | HSBC | 94 | 14.7 | 2,634 | Finance |
4 | Legal & General Group | 78 | 1.5 | 604 | Finance |
5 | Aviva | 68 | 2.6 | 431 | Finance |
6 | Lloyds Banking Group | 60 | 2.3 | 1,282 | Finance |
7 | Vodafone | 58 | 17.1 | 183 | Telecommunications |
8 | Prudential | 54 | 1.4 | 766 | Finance |
9 | Barclays | 49 | 1.3 | 2,052 | Finance |
10 | Rio Tinto | 48 | 6.5 | 108 | Mining |
* Corporate data calculated using the exchange rate .611 GBP = 1 USD
Household Wealth: $14.2 trillion (563% of GDP) in 201410
Household Wealth per Adult: $292,621 in 201410
Gini Coefficient: .323 in 201211
Central Government
Central Government Revenue: $1.02 trillion (40% of GDP) in 201312
Central Government Expenditure: $1.11 trillion (44% of GDP) in 201312
Central Government Budget Balance: -$89 billion (-4% of GDP) in 201312
Central Government Public Debt: $2.45 trillion (97% of GDP) in Q2 2014* 13
Central Government 10 Year Bond Interest Rate: 1.60% on Jan 10, 201514
* Public debt calculated using the exchange rate .661 GBP = 1 USD
Public Funds
N/A
Tax Structure
Personal Income Tax Rates and Thresholds in 2013* 15
Corporate Tax Rate: 21% in 201416
* Thresholds calculated using the exchange rate .661 GBP = 1 USD
Money supply (M1): $2.04 trillion (81% of GDP) in Oct 2014* 17
Benchmark Interest Rate: Bank Rate = 0.5% on Jan 8, 201518
Total Reserves: $104 billion (4% of GDP) in 201319
Exchange Rate: .661 Great Britian Pounds = 1 U.S. Dollar on Jan 10, 201520
Inflation: 0.0% in Feb 201521
* Money supply calculated using the exchange rate .661 GBP = 1 USD
Top 10 Financial Institutions by Assets 201322
Rank | Financial Institution | Assets ($ billions) 2013* |
1 | HSBC | 2,671 |
2 | Barclays | 2,036 |
3 | Royal Bank of Scotland | 1,555 |
4 | Lloyds Banking | 1,281 |
5 | Standard Chartered | 674 |
6 | NatWest | 534 |
7 | Santander UK | 408 |
8 | Nationwide | 289 |
9 | Standard Life | 280 |
10 | The Co-operative Bank | 65 |
* Assets calculated using the exchange rate .661 GBP = 1 USD
Exports: $813 billion (32% of GDP) in 201323
Imports: $783 billion (31% of GDP) in 201323
Trade Balance: +$30 billion (+1% of GDP) in 201323
Foreign Direct Investment Inflow: $37 billion (1% of GDP) in 201324
Foreign Direct Investment Outflow: $19 billion (1% of GDP) in 201324
Foreign Aid Inflow: N/A
Foreign Aid Outflow: $17.9 billion (1% of GDP) 25
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: City A.M. (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: Office for National Statistics (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stat Extracts, National Accounts, Quarterly Public Sector Debt (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: OECD Stat Extracts, Public Sector, Tax Database (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: FRED (Money supply) Go back
18. Source: Bank of England (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: BBC News (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: OECD FDI in Figures (FDI data) Go back
25. Source: OECD Aid Statisitcs (Aid outflow) Go back