Economy of the United Kingdom
• 7 th largest – nominal GDP (gross domestic product) • British economy
History • XVIII - “the workshop of the world • XIX – dominant role in the global economy • by 1945 – lost its position as the world leading economy • a significant role in the world economy
Main industries Aerospace Fishing pharmacy Iron and steel engineering Textile
Agriculture • • • • 2/3 country’s food requirements 1. 6 % labor force 25% - arable 50% - meadows wheat, barley, oats and rye potatoes
LONDON • a major centre for international business • One of the three "command centres" of the global economy
• member state of the European Union • a permanent seat on the United Nations Security Council • a member of the G 8, NATO, World Trade Organization and the Commonwealth of Nations • currency – pound sterling
• Labour force composition services 46% government 28% manufacturing/construction 24% energy 1% agriculture 1% • Consumer prices inflation - 2. 6% (September 2012) • Unemployment - 7. 9% (2. 53 million) Agriculture products - cereals, oilseed, potatoes, vegetables; cattle, sheep, poultry; fish • Exported commodities - manufactured goods, fuels, chemicals; food, beverages (notably Scotch whisky), tobacco • Imported commodities - manufactured goods, machinery, fuels; foodstuffs
