United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern Ireland is the 5th largest economy is the world. The official language of the country is English and the country has an estimated 2020 population of 67,886,000. Nominal gross domestic product (GDP) for 2019 was estimated at $2.744 trillion with per capita income of $41,030 which is the 20th highest in the world. The currency is the UK pound and the time zone is GMT (Greenwıch Mean Time).

United Kingdom Economy

By sector:
• Agriculture – 0.6%
• Industry – 19.2%
• Services – 80.2%

United Kingdom Exports

United Kingdom main exports by category:

• Machinery including computers
• Vehicles
• Gems and precious metals
• Mineral fuels including oils
• Electrical machinery and equipment
• Pharmaceuticals
• Optical and medical apparatus
• Aircraft and spacecraft
• Organic chemicals
• Arts and antiques

United Kingdom Imports

United Kingdom main imports by category:

• Electrical machinery
• Mechanical machinery
• Cars
• Manufactured goods
• Pharmaceuticals
• Road vehicles other than cars
• Clothing
• Oil
• Scientific and photographic equipment

United Kingdom Trade Information

Main trade partners are United States, Germany, France, Netherlands, China, Republic of Ireland, Belgium and Switzerland.

The United Kingdom is a member of the WTO and GATT

The United Kingdom is no longer a member of the EU.

Trade volumes for 2019 were:

Export of goods – 367 billion GBP
Import of goods- 542 billion GBP

United Kingdom Business Development

Ease of doing business ranking = 8th in the world

International dialling code – +44

Main business domain – .co.uk

Blackcat360 United Kingdom business development potential – HIGH

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