United Kingdom
Description of United Kingdom
As an influential global player with a rich history, the United Kingdom stands out as a nation characterized by political stability, economic strength, and cultural diversity. Renowned for its contributions to the fields of finance, technology, and the arts, the UK holds a prominent position on the world stage. With a legacy of innovation, a commitment to democratic principles, and a dynamic economy, the United Kingdom continues to shape international relations, navigate complex geopolitical challenges, and drive progress in various sectors. Explore the intricate tapestry of the United Kingdom's past, present, and future as we delve into the multifaceted aspects that define this remarkable nation.
Population And Age Structure
Population, total: The United Kingdom has a total population of 67,081,234, which is above the average population of 40,097,746. The country is ranked 22 out of 194 countries.
Population ages 0-14 (% of total population): The United Kingdom's population ages 0-14 make up 17.79% of the total population, below the average of 27.34%. The country is ranked 144 out of 194 countries.
Population ages 0-14, total: In the United Kingdom, the total population ages 0-14 is 11,932,645, above the average of 10,327,379. The country is ranked 32 out of 194 countries.
Population ages 15-64 (% of total population): 63.49% of the United Kingdom's population falls between the ages of 15-64, slightly above the average of 63.44%. The country is ranked 118 out of 194 countries.
Population ages 15-64, total: The United Kingdom has a total of 42,589,297 people aged 15-64, notably above the average of 26,003,407. The country is ranked 21 out of 194 countries.
Population ages 65 and above (% of total population): The United Kingdom's population ages 65 and above account for 18.72% of the total population, significantly higher than the average of 9.22%. The country is ranked 27 out of 194 countries.
Population ages 65 and above, total: With 12,559,292 people aged 65 and above, the United Kingdom surpasses the average of 3,766,959. The country is ranked 11 out of 194 countries.
Summary
The United Kingdom has a total population above the global average, with a significant portion falling into the age group of 65 and above. This demographic composition indicates a higher proportion of elderly citizens compared to the global average, which could have implications for healthcare, pension systems, and social services within the country.
Population Miscellaneous
Rural Population: The United Kingdom's rural population of 10,798,066 is below the average of 18,044,041, ranking 51 out of 190 countries analyzed.
Rural Population (% of Total Population): The UK's percentage of rural population at 16.097% is below the average of 41.16%, ranking 161 out of 190 countries.
Urban Population: The UK's urban population of 56,283,168 exceeds the average of 22,425,747, ranking 15 out of 194 countries analyzed.
Urban Population (% of Total Population): With 83.903% of its population in urban areas, the UK surpasses the average of 59.69%, ranking 34 out of 194 countries.
Age Dependency Ratio (% of Working-Age Population): The UK's ratio of 57.51% is slightly below the average of 59.22%, ranking 77 out of 194 countries.
Birth Rate, Crude (per 1,000 people): The UK's crude birth rate of 10.1 falls below the average of 19.38, ranking 156 out of 192 countries.
Death Rate, Crude (per 1,000 people): At 10.1, the UK's crude death rate is higher than the average of 8.21, ranking 41 out of 192 countries.
Fertility Rate, Total (Births per Woman): The UK's fertility rate of 1.56 is lower than the average of 2.60, ranking 146 out of 190 countries.
Summary
The United Kingdom has a lower rural population and rural population percentage compared to the global average, indicating a more urbanized society. Despite a higher urban population than average, the country has a lower fertility rate and higher crude death rate. These indicators suggest an aging population with implications for future workforce dynamics, healthcare needs, and economic growth.
Military
In terms of Military expenditure (current USD), the United Kingdom's expenditure of $58,332,371,794.87 is significantly above the average of $12,904,993,617.17, ranking 6th out of 149 countries.
For Military expenditure (% of GDP), the United Kingdom spends 2.16% of its GDP, slightly higher than the average of 1.90%. This places the UK at 40th out of 148 countries in the dataset.
The United Kingdom's Arms imports amount to $652,000,000, surpassing the average of $205,522,123.89. This positions the UK at 12th out of 113 countries.
Regarding Arms exports, the United Kingdom's value of $625,000,000 is below the average of $705,705,882.35, ranking 9th out of 34 countries.
The total Armed forces personnel in the United Kingdom is 153,000, lower than the average of 165,908.54. This places the UK at 41st out of 164 countries.
In terms of Armed forces personnel (% of total labor force), the UK's percentage of 0.44% is notably below the average of 1.28%, ranking 119th out of 164 countries.
Summary
The United Kingdom stands out for its high military expenditure in terms of both absolute value and as a percentage of GDP, ranking 6th and 40th globally, respectively. The country also excels in arms imports but falls slightly below the average in arms exports. Despite having a lower number of armed forces personnel compared to the average, the UK's percentage relative to the total labor force is significantly lower, indicating a different approach to military staffing. These findings are important as they showcase the UK's strategic prioritization of defense spending and highlight its role in the global arms trade landscape.
Natural Resources
United Kingdom's forest area of 31,900 sq. km is significantly below the average of 211,606.11 sq. km, ranking 88th out of 191 countries in the dataset.
The land area of the United Kingdom is 241,930 sq. km, below the average of 665,166.51 sq. km, ranking 78th out of 194 countries.
With a surface area of 243,610 sq. km, the United Kingdom falls below the average of 689,779.56 sq. km, ranking 78th out of 194 countries.
United Kingdom's arable land of 5,978,502.2 hectares is lower than the average of 7,329,543.16 hectares, ranking 40th out of 190 countries.
The land under cereal production in the United Kingdom is 3,038,280 hectares, below the average of 4,206,011.63 hectares, ranking 43rd out of 174 countries.
The average precipitation in depth of 1,220 mm per year in the United Kingdom is slightly above the average of 1,157.83 mm per year, ranking 71st out of 178 countries.
The United Kingdom's renewable internal freshwater resources total 145 billion cubic meters, below the average of 240.41 billion cubic meters, ranking 45th out of 178 countries.
Summary
The United Kingdom demonstrates below-average metrics in terms of forest area, land area, surface area, arable land, land under cereal production, average precipitation, and renewable internal freshwater resources when compared to global averages. These indicators are crucial as they reflect the country's environmental sustainability, agricultural potential, and natural resource availability, influencing its biodiversity, food security, and water management strategies.
Resource Rents
Total natural resources rents (% of GDP): The United Kingdom's value is significantly below the attribute average, with a difference of -4.35%. The country ranks 135 out of 175 countries in this dataset.
Coal rents (% of GDP): The United Kingdom's value is far below the attribute average, with a difference of -0.40%. The country ranks 58 out of 65 countries in this dataset.
Oil rents (% of GDP): The United Kingdom's value is notably below the attribute average, with a difference of -2.26%. The country ranks 51 out of 117 countries in this dataset.
Natural gas rents (% of GDP): The United Kingdom's value is substantially below the attribute average, with a difference of -1.21%. The country ranks 56 out of 96 countries in this dataset.
Mineral rents (% of GDP): The United Kingdom's value is significantly below the attribute average, with a difference of -1.23%. The country ranks 86 out of 86 countries in this dataset.
Summary
The United Kingdom exhibits lower values in key macroeconomic indicators such as Total natural resources rents, Coal rents, Oil rents, Natural gas rents, and Mineral rents compared to the attribute averages. These statistics reveal that the UK's contribution from natural resource rents to its GDP is below average in each category, indicating potential limitations in leveraging its natural resource wealth for economic growth and development.
Commodities
United Kingdom's cereal production of 18,961,989 metric tons is above the average of 17,249,945.92 metric tons, ranking 27th out of 174 countries.
The aquaculture production in the United Kingdom is significantly below the average, with a value of 216,838.21 metric tons compared to the average of 679,642.92 metric tons, ranking 26th out of 180 countries.
With a capture fisheries production of 626,404.8 metric tons, the United Kingdom outperforms the average of 467,453.06 metric tons, ranking 30th out of 190 countries.
United Kingdom's total fisheries production of 843,243.01 metric tons falls below the average of 1,153,914.85 metric tons, ranking 29th out of 182 countries.
Regarding fertilizer consumption, the United Kingdom uses 233.17 kilograms per hectare of arable land, surpassing the average of 159.04 kilograms. It ranks 35th out of 187 countries in this aspect.
Summary
United Kingdom performs above average in cereal and capture fisheries production but falls below in aquaculture and total fisheries production. In terms of fertilizer consumption, the country surpasses the average, ranking 35th globally.
These indicators are crucial for assessing the country's agricultural sector's performance, its food security, and environmental impact. Understanding these statistics helps in making informed decisions regarding agricultural policies, trade relations, and sustainable development strategies.
Intellectual Property
United Kingdom's industrial design applications by nonresidents are significantly high at 11372, ranking 3rd out of 112 countries with an average of 1415.83. In contrast, the country's industrial design applications by residents are 21361, indicating a rank of 9 out of 113 countries, above the average of 9799.58.
With 8659 patent applications by nonresidents, the United Kingdom ranks 13th out of 129 countries, surpassing the average of 6538.40. However, its patent applications by residents stand at 11990, placing it at 9th out of 117 countries below the average of 19037.56.
The United Kingdom excels in trademark applications by nonresidents at 92836, ranking 3rd out of 130 countries, compared to the average of 15878.93. Similarly, its trademark applications by residents at 185821 hold the 12th position out of 129 countries, surpassing the average of 111055.78.
The country's scientific and technical journal articles publication at 105564.47 showcase its prominence, ranking 5th out of 192 countries compared to the average of 15103.76. Additionally, the United Kingdom's payments for the use of intellectual property at 15583963412.44, stand 8th out of 143 countries, notably above the average of 3218843494.39. Conversely, its receipts for the use of intellectual property at 23085432909.18, rank 6th out of 122 countries, significantly surpassing the average of 3191687117.58.
Summary
The United Kingdom demonstrates strong performance in industrial design, patent, trademark applications, publication of scientific articles, and payments for the use of intellectual property, consistently ranking above global averages in most categories. These indicators highlight the country's innovation and competitiveness in the global market, attracting both foreign and domestic interest in its intellectual property assets. This strong showing signifies the UK's ability to drive economic growth through innovation and knowledge-based activities, solidifying its position as a key player in the global economy.
Broad Economy Attributes
The GDP of the United Kingdom is $2.70 trillion, ranking 5th out of 189 countries. This is significantly above the average GDP of $442.87 billion.
The GDP, PPP of the United Kingdom is $3.22 trillion, placing it 9th out of 181 countries. This value is also notably higher than the average GDP, PPP of $734.14 billion.
The GDP per capita of the United Kingdom is $40,217, positioning it at 24th out of 190 countries. This figure is higher than the average GDP per capita of $15,462.
The GDP per capita, PPP of the United Kingdom is $48,006, placing it at 23rd out of 181 countries. This value surpasses the average GDP per capita, PPP of $21,251.
The GNI of the United Kingdom is $2.64 trillion, ranking 6th out of 185 countries. This figure is markedly higher than the average GNI of $452.04 billion.
The GNI, PPP of the United Kingdom is $3.15 trillion, positioning it 9th out of 181 countries. This amount is significantly above the average GNI, PPP of $730.70 billion.
The GNI per capita, PPP of the United Kingdom is $46,980, placing it at 25th out of 181 countries. This value is higher than the average GNI per capita, PPP of $20,615.
Summary
The United Kingdom demonstrates strong economic performance across key indicators such as GDP, GDP per capita, GNI, and GNI per capita, consistently ranking within the top 25 countries globally. These figures indicate a high level of economic activity, wealth generation, and purchasing power within the UK economy. Such performance can attract foreign investment, boost domestic consumption, and support overall economic stability and growth in the country.
Broad Value Added
The Gross value added at basic prices (GVA) in the United Kingdom is $2,433,279,525,659.17, which is significantly above the average of $360,070,943,595.12. The UK ranks 5th out of 176 countries included in the data for this attribute.
Agriculture, forestry, and fishing value added as a percentage of GDP for the United Kingdom is 0.66%, well below the average of 10.86%. The UK is ranked 174th out of 182 countries in this category.
The value added in Agriculture, forestry, and fishing in the UK is $17,807,701,971.86, below the average of $19,924,732,828.07. The UK ranks 32nd out of 182 countries for this attribute.
Services value added as a percentage of GDP in the UK stands at 72.15%, which is above the average of 56.72%. The UK ranks 14th out of 183 countries in this regard.
Services value added in the UK is $1,946,376,697,316.41, significantly higher than the average of $295,837,711,130.69. The UK is ranked 5th out of 183 countries for this attribute.
The Industry (including construction) value added in the UK amounts to $469,095,126,370.90, greatly surpassing the average of $118,421,095,413.50. The UK is ranked 7th out of 183 countries for this attribute.
Summary
The United Kingdom demonstrates strong economic performance in terms of Gross Value Added (GVA), Services value added, and Industry value added, ranking notably high compared to global averages. However, the country lags behind in Agriculture, forestry, and fishing value added, indicating a heavy reliance on the services and industry sectors for economic output. These findings are crucial as they highlight the UK's economic diversification and specialization, showcasing areas of strength and potential vulnerability in the economy.
Manufacturing Value Added
Manufacturing, value added (current US$): The United Kingdom's value of $241,846,285,095.16 is significantly above the average of $76,207,179,589.66, ranking 9th out of 173 countries.
Manufacturing, value added (% of GDP): The UK's value of 8.96% is below the average of 11.90% for this attribute, placing it at 113th out of 173 countries.
Medium and high-tech manufacturing value added (% manufacturing value added): With a value of 42.89%, the UK surpasses the average of 24.49%, ranking 23rd out of 149 countries.
Chemicals (% of value added in manufacturing): The UK's value of 13.40% is slightly above the average of 11.56%, placing it at 27th out of 89 countries.
Food, beverages and tobacco (% of value added in manufacturing): At 18.65%, the UK falls below the average of 24.51%, ranking 49th out of 92 countries.
Machinery and transport equipment (% of value added in manufacturing): The UK's value of 29.56% is notably higher than the average of 16.85%, positioning it at 16th out of 93 countries.
Textiles and clothing (% of value added in manufacturing): With a value of 1.58%, the UK is below the average of 6.33%, ranking 74th out of 93 countries.
Other manufacturing (% of value added in manufacturing): The UK's value of 36.81% is slightly below the average of 42.13%, placing it at 64th out of 94 countries.
Summary
The United Kingdom exhibits a strong manufacturing sector with a high value added of $241,846,285,095.16, ranking 9th globally. However, its manufacturing value added as a percentage of GDP is below average, indicating potential for growth in this area. The UK excels in medium and high-tech manufacturing, machinery, and transport equipment, but lags behind in sectors like textiles and clothing. These indicators are crucial as they highlight the UK's competitive strengths and areas needing improvement within its manufacturing industry, which is vital for economic growth, job creation, and international trade.
Money
- Inflation, consumer prices (annual %): The United Kingdom's inflation rate stands at 0.99%, which is significantly lower than the average of 8.26%. This places the UK at 108th out of 165 countries. - Inflation, GDP deflator (annual %): The UK's inflation rate based on the GDP deflator is 5.08%, slightly below the average of 6.90%. The country ranks 44th out of 188 nations. - Broad money growth (annual %): With a growth rate of 9.71%, the UK falls below the average of 18.03%. It holds the 99th position out of 139 countries. - Broad money (% of GDP): The UK's broad money as a percentage of GDP is 163.83%, significantly surpassing the average of 71.75%. This places the UK at 5th out of 139 nations. - Broad money to total reserves ratio: The UK's ratio stands at 24.55, well above the average of 5.17. The country ranks 4th out of 126 nations.
Summary
The United Kingdom demonstrates a low inflation rate compared to the global average, positioning itself favorably in terms of both consumer prices and GDP deflator inflation. However, the country falls short in broad money growth, with a rate below the global average. Despite this, the UK excels in terms of broad money as a percentage of GDP and broad money to total reserves ratio, ranking significantly higher than the global average in both categories. These indicators are crucial as they reflect the country's economic stability, monetary policy effectiveness, and financial resilience in the global market.
Consumption Expenditure
Final consumption expenditure (current US$): The United Kingdom's final consumption expenditure is $2.21 trillion, significantly higher than the average of $381.63 billion, ranking 5th out of 159 countries.
Final consumption expenditure (% of GDP): The United Kingdom's final consumption expenditure as a percentage of GDP is 81.82%, slightly below the average of 82.37%, with a rank of 75 out of 159 countries.
General government final consumption expenditure (current US$): The United Kingdom's government expenditure is $609.77 billion, well above the average of $93.68 billion, placing it in the 6th position out of 158 countries.
General government final consumption expenditure (% of GDP): The UK's government expenditure as a percentage of GDP is 22.60%, higher than the average of 18.71%, ranking 34th out of 158 countries.
Household and NPISHs Final consumption expenditure (current US$): The UK's household and NPISHs expenditure is $1.60 trillion, significantly exceeding the average of $290.13 billion, with a rank of 6 out of 158 countries.
Household and NPISHs final consumption expenditure (% of GDP): The UK's household and NPISHs expenditure as a percentage of GDP is 59.22%, lower than the average of 63.68%, placing it in the 91st position out of 158 countries.
Summary
The United Kingdom demonstrates strong final consumption expenditure both in absolute terms and as a percentage of GDP, ranking high globally. Particularly noteworthy is the significant household and NPISHs expenditure, indicating a robust domestic consumption pattern. These indicators are crucial as they reflect the overall economic activity, the strength of consumer demand, and the government's role in driving economic growth within the country.
Equities
Analysis of S&P Global Equity Indices (annual % change): The United Kingdom experienced a -14.34% change, which is significantly below the attribute average of 2.06%. This places the United Kingdom at rank 69 out of 79 countries in the dataset.
Summary
The United Kingdom has seen a notable decline in its S&P Global Equity Index by -14.34%, well below the average of 2.06%, positioning it at 69th out of 79 countries. This drop suggests challenges in the UK's equity market performance compared to its peers, indicating potential economic instability or underperformance that could impact investor confidence and overall economic health.
Investment
United Kingdom's net Foreign Direct Investment (FDI) is -$140.8 billion, which is significantly below the average of -$1.6 billion, ranking 169th out of 169 countries. Their net FDI inflows are $157.2 billion, well above the average of $5.7 billion, ranking 4th out of 182 countries.
Additionally, the United Kingdom's net FDI inflows as a percentage of GDP are 5.83%, surpassing the average of 2.61%, and ranking 29th out of 178 countries. On the other hand, their net FDI outflows are $16.4 billion, higher than the average of $5.7 billion, ranking 15th out of 156 countries.
Moreover, their net FDI outflows as a percentage of GDP stand at 0.61%, below the average of 1.00%, ranking 48th out of 155 countries. In terms of Portfolio Investment, the United Kingdom's net value is $38.2 billion, exceeding the average of $679.6 million, and ranking 8th out of 159 countries.
Lastly, their Portfolio equity net inflows amount to $49.9 billion, well above the average of $9.2 billion, ranking 5th out of 125 countries.
Summary
The United Kingdom stands out globally with its strong net Foreign Direct Investment (FDI) performance, recording high inflows and a favorable percentage of GDP compared to the global average. The country also excels in Portfolio Investment, ranking high in net value and equity inflows compared to global standards.
These findings are crucial as they indicate the attractiveness of the United Kingdom as an investment destination and its ability to attract significant FDI and Portfolio Investment. This strong performance can contribute to the country's economic development, job creation, and overall competitiveness in the global market.
Broad Trade Attributes
Trade (% of GDP): The United Kingdom's trade accounts for 58.77% of its GDP, which is below the average of 82.34%. With a rank of 103 out of 163 countries, the UK performs moderately in this aspect.
Merchandise trade (% of GDP): The UK's merchandise trade as a percentage of GDP is 38.47%, lower than the average of 60.01%. It ranks 138th out of 186 countries, indicating a lower emphasis on merchandise trade.
Trade in services (% of GDP): The UK's trade in services represents 22.88% of its GDP, slightly below the average of 24.63%. Ranked 54th out of 171 countries, the UK is a significant player in service trade.
External balance on goods and services (current US$): The UK's external balance for goods and services is $16.44 billion, significantly higher than the average of $3.41 billion. With a rank of 24 out of 163 countries, the UK maintains a strong external balance.
External balance on goods and services (% of GDP): The UK's external balance as a percentage of GDP is 0.61%, surpassing the average of -5.97%. Ranked 60th out of 163 countries, the UK demonstrates a positive balance in goods and services.
Summary
The United Kingdom showcases a moderate performance in trade, with trade accounting for 58.77% of its GDP, below the global average. While the UK places emphasis on service trade, it ranks lower in merchandise trade. Despite this, the country maintains a strong external balance for goods and services, exceeding the global average and demonstrating a positive trend in this aspect.
These findings are crucial as they provide insights into the UK's economic structure and international trade dynamics. They highlight the country's reliance on service trade and its ability to maintain a favorable external balance, indicating a level of economic stability and competitiveness on the global stage.
Net Trade
Analysis of key macroeconomic statistics for the United Kingdom:
Current account balance (BoP, current US$): The UK's current account balance is -$78,216,537,481.43, significantly below the average of $1,443,864,831.49. The country ranks 169 out of 170 included countries in this aspect.
Current account balance (% of GDP): The UK's current account balance as a percentage of GDP is -2.90%, lower than the average of -2.36%. The country is ranked 103 out of 170 countries.
Net trade in goods and services (BoP, current US$): The UK's net trade in goods and services is $15,069,874,926.72, well above the average of $2,604,730,003.57. It holds the 23rd position out of 171 countries.
Net primary income (BoP, current US$): The UK's net primary income is -$56,934,353,622.41, much lower than the average of -$903,807,529.74. The country ranks 168 out of 170 nations.
Net secondary income (BoP, current US$): The UK's net secondary income is -$36,352,058,785.73, significantly above the average of -$269,227,340.40. It ranks 166 out of 170 countries.
Net trade in goods (BoP, current US$): The UK's net trade in goods is -$164,878,342,686.20, well below the average of $130,283,1005.68. The UK occupies the 170th position out of 171 countries.
Net capital account (BoP, current US$): The UK's net capital account is -$3,924,036,037.07, considerably lower than the average of $136,543,824.05. The country ranks 156 out of 159 included nations.
Net financial account (BoP, current US$): The UK's net financial account is -$95,882,358,197.34, well below the average of -$469,840,994.63. It holds the 169th position out of 170 countries.
Summary
The United Kingdom exhibits a significant current account deficit, ranking poorly in this aspect compared to other countries. Its net primary and secondary incomes are notably lower than the global average, indicating potential challenges in earning income from international activities. Additionally, the country faces a large deficit in net trade in goods and a negative net financial account, suggesting a reliance on foreign financing. These statistics are crucial as they highlight the UK's economic vulnerabilities, emphasizing the importance of addressing trade imbalances and enhancing income-generating activities to ensure sustainable economic growth.
Broad Export Attributes
1. Exports of goods, services and primary income (BoP, current US$): The United Kingdom's value of 978,595,590,402.857 is significantly above the average of 146,238,908,936.29623. The country ranks 5th out of 170 countries in this attribute.
2. Exports of goods and services (BoP, current US$): The United Kingdom's value of 802,020,023,159.893 is higher than the average of 122,938,540,059.78171. It ranks 4th out of 170 countries for this attribute.
3. Exports of goods and services (current US$): The United Kingdom's value of 801,032,485,999.143 exceeds the average of 129,596,864,610.19212. The country is ranked 4th out of 163 countries in this regard.
4. Exports of goods and services (% of GDP): The United Kingdom's percentage value of 29.69 is below the average of 38.18. The country is ranked 83rd out of 163 countries for this attribute.
5. Goods exports (BoP, current US$): The United Kingdom's value for goods exports, 403,463,768,098.125, is well above the average of 93,310,581,697.38683. It ranks 11th out of 171 countries in this category.
6. ICT goods exports (% of total goods exports): The United Kingdom's percentage of 4.19 for ICT goods exports is higher than the average of 3.81. The country ranks 27th out of 142 countries for this attribute.
Summary
The United Kingdom demonstrates a strong performance in exports across multiple categories, ranking among the top countries globally. Particularly noteworthy is its high value of exports of goods, services, and primary income, as well as goods exports, indicating a diversified and competitive economy. These robust export numbers signify the UK's significant contribution to global trade and its ability to generate foreign exchange earnings, which are crucial for economic growth and stability.
Merchandise Exports
Merchandise exports (current US$): The United Kingdom's merchandise exports amount to $399.53 billion, significantly higher than the average of $89.54 billion. This ranks the UK 11th out of 187 countries with available data.
Agricultural raw materials exports (% of merchandise exports): The UK's agricultural raw materials exports account for 0.47% of its total merchandise exports, below the average of 2.97%. This places the UK 114th out of 151 countries.
Food exports (% of merchandise exports): The UK's food exports make up 7.62% of its merchandise exports, lower than the average of 24.06%. The UK is ranked 116th out of 152 countries in this aspect.
Fuel exports (% of merchandise exports): The UK's fuel exports constitute 7.06% of its merchandise exports, which is under the average of 13.70%. This places the UK at 53rd out of 147 countries.
Ores and metals exports (% of merchandise exports): The UK's ores and metals exports represent 6.60% of its merchandise exports, slightly below the average of 9.10%. The UK ranks 43rd out of 152 countries for this category.
Merchandise exports by the reporting economy, residual (% of total merchandise exports): The UK's residual merchandise exports account for 3.07% of its total merchandise exports, slightly lower than the average of 3.20%. This places the UK at the 29th position out of 166 countries.
Summary
The United Kingdom demonstrates a robust economy with significant merchandise exports amounting to $399.53 billion, ranking 11th globally. However, its lower-than-average agricultural raw materials, food, fuel, ores and metals exports, as well as residual merchandise exports, indicate a reliance on other sectors for trade revenue. Diversifying export commodities could help mitigate risks associated with fluctuations in specific markets and enhance overall economic resilience.
Technology Exports
Manufactures exports (% of merchandise exports): The United Kingdom's value for this attribute is 68.30%, which is above the average of 42.62%. The country ranks 43rd out of 152 countries in this dataset.
High-technology exports (current US$): The United Kingdom's value for this attribute is $58,143,796,335, significantly higher than the average of $16,655,934,078.80. The country ranks 12th out of 151 countries.
High-technology exports (% of manufactured exports): The United Kingdom's value for this attribute is 22.99%, above the average of 10.15%. The country ranks 19th out of 150 countries.
Medium and high-tech exports (% manufactured exports): The United Kingdom's value for this attribute is 65.93%, well above the average of 34.29%. The country ranks 15th out of 149 countries.
Summary
The United Kingdom stands out in terms of its exports composition, with a high proportion of manufactures exports, high-technology exports, and medium and high-tech exports relative to its peers. These indicators showcase the country's strength in producing and exporting advanced and value-added goods, indicating a competitive edge in the global market and a robust manufacturing sector driving economic growth and innovation.
Service Exports
Service exports in the United Kingdom amount to $398,556,255,061.77, exceeding the average of $28,917,292,503.82. The UK ranks 2nd out of 171 countries included in the data for this attribute.
ICT service exports in the UK total $37,563,413,375.27, significantly higher than the average of $4,578,501,153.77. The UK holds the 5th rank out of 166 countries in this category.
ICT service exports as a percentage of total service exports in the UK stand at 9.42%, below the average of 11.75%. The UK is ranked 74th out of 166 countries for this metric.
Communications, computer, etc. services as a percentage of service exports in the UK are at 59.28%, surpassing the average of 45.85%. The UK ranks 52nd out of 169 countries in this aspect.
Transport services as a percentage of service exports in the UK are 6.33%, falling below the average of 21.80%. The UK holds the 138th rank out of 169 countries included in this analysis.
Travel services as a percentage of service exports in the UK represent 7.35%, lower than the average of 26.40%. The UK is ranked 132nd out of 167 countries for this attribute.
Insurance and financial services as a percentage of service exports in the UK stand at 27.05%, notably higher than the average of 6.46%. The UK is ranked 5th out of 161 countries in this category.
Summary
The United Kingdom demonstrates a strong performance in service exports, ranking 2nd globally in total service exports and 5th in ICT service exports. However, it falls behind in ICT service exports as a percentage of total service exports, transportation services, and travel services. On the other hand, the UK excels in insurance and financial services as a percentage of service exports, ranking 5th globally. These indicators are crucial as they reflect the UK's competitive strengths and weaknesses in different service sectors, providing insights for policymakers and businesses to enhance strategic planning and sector-specific development initiatives.
Commercial Service Exports
United Kingdom has a Commercial service exports amounting to $394,267,588,834.43, which is significantly higher than the average of $28,508,218,402.80, ranking 2nd out of 171 countries.
In terms of Travel services (% of commercial service exports), the United Kingdom's value of 7.43% is below the average of 27.89%, placing it at rank 132 out of 167 countries.
The country excels in Computer, communications and other services (% of commercial service exports) with a value of 58.83%, above the average of 42.44%, securing a rank of 49 out of 169 countries.
United Kingdom showcases strength in Insurance and financial services (% of commercial service exports) with a value of 27.35%, surpassing the average of 6.97%, ranking 6th out of 161 countries.
However, in Transport services (% of commercial service exports), the United Kingdom falls below the average of 23.37% with a value of 6.39%, placing it at rank 140 out of 169 countries.
Summary
The United Kingdom stands out in its Commercial service exports with a value significantly higher than the global average, ranking 2nd out of 171 countries. It excels in Computer, communications, and other services, as well as Insurance and financial services, outperforming the average and securing high ranks globally. However, its lower performance in Travel services and Transport services (% of commercial service exports) highlights areas for potential improvement to enhance overall trade competitiveness.
These findings are important as they provide insights into the diversification and strength of the United Kingdom's service exports, highlighting areas of competitive advantage and potential vulnerabilities. By leveraging its strengths in high-value service sectors and addressing weaknesses in others, the country can enhance its global presence and sustain economic growth through trade.
Broad Import Attributes
Imports of goods and services (current US$): The United Kingdom's value of $784,591,451,435.64 is notably above the average of $126,191,355,599.06. The UK ranks 5th out of 163 countries in this dataset.
Imports of goods and services (% of GDP): The UK's value of 29.08% is below the average of 44.15%. The country ranks 113th out of 163 countries in this dataset.
ICT goods imports (% total goods imports): The UK's value of 8.23% is above the average of 6.85%. The UK holds the 35th rank out of 143 countries in this dataset.
Goods imports (BoP, current US$): The UK's value of $568,342,110,784.32 is significantly higher than the average of $92,007,788,027.17. The UK ranks 6th out of 171 countries in this dataset.
Imports of goods and services (BoP, current US$): The UK's value of $786,950,148,233.18 exceeds the average of $120,321,577,988.12. The UK is ranked 6th out of 170 countries.
Imports of goods, services and primary income (BoP, current US$): The UK's value of $1,020,460,069,098.55 is significantly higher than the average of $144,514,428,722.28. The UK ranks 4th out of 170 countries in this dataset.
Summary
The United Kingdom demonstrates a strong reliance on imports, with high values in various import categories such as goods and services, ICT goods, and primary income. Despite ranking well in terms of absolute import values, the UK falls below average in imports as a percentage of its GDP. These findings are crucial as they highlight the UK's position in global trade, its economic interconnectedness, and potential vulnerabilities to external economic shocks.
Merchandise Imports
1. Merchandise imports (current US$): The United Kingdom's merchandise imports amount to $638.25 billion, ranking 4th out of 190 countries. This value is significantly above the average of $89.39 billion.
2. Manufactures imports (% of merchandise imports): The United Kingdom's manufacturing imports account for 63.90% of its total merchandise imports. This places the country at the 99th rank out of 152 countries, slightly below the average percentage of 66.76%.
3. Agricultural raw materials imports (% of merchandise imports): The United Kingdom's import of agricultural raw materials constitutes 1.25% of its total merchandise imports, ranking 65th out of 152 countries. This figure is slightly below the average of 1.27%.
4. Food imports (% of merchandise imports): Food imports make up 10.11% of the United Kingdom's merchandise imports, placing it 121st out of 152 countries. This percentage is below the average of 15.89%.
5. Fuel imports (% of merchandise imports): The United Kingdom's fuel imports represent 5.31% of its total merchandise imports, ranking 125th out of 152 countries. This value is notably lower than the average of 11.38%.
6. Ores and metals imports (% of merchandise imports): The United Kingdom's ores and metals imports constitute 3.74% of its merchandise imports, placing it at the 32nd rank out of 152 countries. This percentage is higher than the average of 2.57%.
7. Merchandise imports by the reporting economy, residual (% of total merchandise imports): The residual imports of the United Kingdom account for 2.11% of its total merchandise imports, ranking 40th out of 180 countries. This value is slightly below the average of 2.51%.
Summary
The United Kingdom's macroeconomic indicators reveal that it is heavily reliant on merchandise imports, with a significant portion dedicated to manufacturing and a lower share allocated to food and fuel imports. While the country's import values generally align with global averages, its specific sectoral import breakdown highlights dependencies and areas of focus for economic policy. Understanding these import dynamics is crucial for policymakers to address vulnerabilities, diversify sourcing channels, and enhance domestic production capabilities to ensure economic resilience and competitiveness.
Service Imports
Service imports (BoP, current US$): The United Kingdom's value for service imports is significantly higher than the attribute average, ranking 6th out of 171 countries. This indicates a strong demand for imported services in the UK compared to other nations.
Communications, computer, etc. (% of service imports, BoP): With a value of 68.9%, the UK exceeds the attribute average of 44.4%. Ranked 14th out of 169 countries, the UK shows a high reliance on communication and computer services in its imports.
Transport services (% of service imports, BoP): The UK's value for transport services as a percentage of service imports is well below the average at 8.5%, ranking 166th out of 169 countries. This suggests a relatively lower emphasis on imported transport services in the UK.
Travel services (% of service imports, BoP): At 12.2%, the UK's reliance on travel services in its imports is slightly below the average of 14.1%. Ranked 77th out of 169 countries, the UK's focus on travel services is moderate compared to its peers.
Insurance and financial services (% of service imports, BoP): The UK's value for insurance and financial services in its imports is higher than the average at 10.4%. Ranked 47th out of 169 countries, the UK demonstrates a notable interest in importing financial and insurance services.
Summary
In summary, the United Kingdom has a strong demand for imported services, particularly in communications, computer, and financial sectors, as indicated by its high rankings in these areas compared to other countries. The country's lower emphasis on imported transport services suggests a more self-sufficient transportation sector. These findings are crucial for understanding the UK's economic relationships, technology dependence, and financial integration with other nations.
Commercial Service Imports
United Kingdom's Commercial service imports amount to $213.85 billion, ranking 6th out of 171 countries. This value significantly exceeds the attribute average of $27.1 billion.
Computer, communications, and other services contribute 68.21% to the UK's commercial service imports, ranking 15th out of 169 countries. This percentage is notably higher than the attribute average of 41.71%.
Insurance and financial services represent 10.60% of the UK's commercial service imports, placing the country 48th out of 169 countries. This value is above the attribute average of 8.85%.
Transport services constitute 8.71% of the UK's commercial service imports, ranking 165th out of 169 countries. The UK's value is significantly below the attribute average of 34.71%.
Travel services contribute 12.48% to the UK's commercial service imports, ranking 78th out of 169 countries. This percentage falls slightly below the attribute average of 14.73%.
Summary
In summary, the United Kingdom has a strong emphasis on computer, communications, and other services, which make up a significant portion of its commercial service imports. However, the country lags behind in the transportation services sector compared to the global average. This data is crucial as it highlights the UK's reliance on specific service sectors for its imports, showcasing potential vulnerabilities or strengths in its economy based on the performance of these sectors.
Infrastructure
Railways, passengers carried: The United Kingdom carries 24,188.47 million passenger-km, ranking 7th out of 64 countries. This is below the attribute average of 32,281.92 million passenger-km. Railways, goods transported: The United Kingdom transports 15,212.12 million ton-km, ranking 23rd out of 62 countries. This is significantly below the attribute average of 119,231.19 million ton-km. Air transport, freight: The United Kingdom transports 3,667.47 million ton-km, ranking 12th out of 126 countries. This value is notably higher than the attribute average of 1,384.37 million ton-km. Air transport, registered carrier departures worldwide: The United Kingdom has 303,493 registered carrier departures, ranking 14th out of 149 countries. This exceeds the attribute average of 134,365.61 departures. Air transport, passengers carried: The United Kingdom carries 30,237,827 passengers, ranking 12th out of 149 countries. This passenger volume is substantially higher than the attribute average of 11,848,242.70 passengers. Container port traffic: The United Kingdom handles 9,273,459 TEUs, ranking 20th out of 110 countries. This volume surpasses the attribute average of 6,907,110.27 TEUs. Rail lines: The total route-km of rail lines in the United Kingdom is 16,351, ranking 12th out of 66 countries. This figure is above the attribute average of 12,204.74 route-km.
Summary
In summary, the United Kingdom ranks moderately in terms of railways passengers carried and goods transported, but excels in air transport, both in freight and passengers. The country also handles a significant volume of container port traffic and has an extensive rail network. These indicators are crucial as they reflect the country's transportation infrastructure and connectivity, which are vital for economic growth, trade facilitation, and overall competitiveness in the global market.
Information Technology Infrastructure
For "Secure Internet servers", the United Kingdom has 2,445,275 servers, which is significantly above the average of 458,294. It ranks 4th out of 193 countries in this dataset.
"Secure Internet servers (per 1 million people)" in the United Kingdom stands at 36,452.45, surpassing the average of 14,067.17. The country holds the 24th rank out of 193 countries for this metric.
The United Kingdom has 94.82% of its population using the Internet, well above the average of 64.77%. It ranks 14th out of 180 countries in this regard.
In terms of "Fixed broadband subscriptions," the United Kingdom boasts 27,351,574 subscriptions, which dwarfs the average of 6,591,956. It secures the 8th rank out of 185 countries.
For "Mobile cellular subscriptions," the United Kingdom has 79,007,000 subscriptions, exceeding the average of 42,526,463. It ranks 20th out of 193 countries for this statistic.
Summary
The United Kingdom stands out as a leader in digital connectivity based on key macroeconomic indicators. With significantly higher numbers of secure internet servers, internet users, fixed broadband subscriptions, and mobile cellular subscriptions compared to global averages, the UK is positioned as a technological hub. These statistics underscore the country's advanced digital infrastructure and widespread adoption of technology, highlighting its potential for innovation and economic growth in the digital age.
Energy Consumption
United Kingdom's renewable energy consumption stands at 13.5% of total final energy consumption, which is below the average of 32.18%. The country is ranked 127th out of 191 countries in this dataset.
Regarding CO2 emissions, the United Kingdom emits 308,650.3 kt, significantly higher than the average of 171,895.94 kt. The country ranks 18th out of 188 countries for CO2 emissions.
Summary
The United Kingdom's renewable energy consumption is considerably lower than the global average, ranking relatively low among countries in the dataset. On the other hand, the country's CO2 emissions are higher than the global average, but it still ranks moderately in comparison to other nations. These statistics are crucial as they indicate the UK's progress towards renewable energy transition and its environmental impact in terms of carbon emissions relative to other countries, influencing its environmental sustainability and global positioning.
Government Balance Sheet
1. Net acquisition of financial assets (% of GDP): The United Kingdom has a value of 3.83%, which is above the average of 2.45%. This ranks the United Kingdom 22nd out of 87 countries in the dataset.
2. Central government debt, total (% of GDP): The United Kingdom's value is 195.88%, significantly higher than the average of 74.12%. This places the United Kingdom 3rd out of 61 countries in the dataset.
3. Net incurrence of liabilities, total (% of GDP): The United Kingdom's value is 18.72%, surpassing the average of 7.43%. This ranks the United Kingdom 4th out of 92 countries in the dataset.
4. Reserves and related items (BoP, current US$): The United Kingdom's value is -4.22 billion USD, lower than the average of 1.92 billion USD. This ranks the United Kingdom 155th out of 171 countries in the dataset.
5. Total reserves minus gold (current US$): The United Kingdom has a value of 161.19 billion USD, above the average of 74.22 billion USD. This places the United Kingdom 14th out of 161 countries in the dataset.
6. Total reserves (includes gold, current US$): The United Kingdom's value is 180.05 billion USD, higher than the average of 85.71 billion USD. This ranks the United Kingdom 16th out of 161 countries in the dataset.
7. Total reserves in months of imports: The United Kingdom's value is 2.12 months, below the average of 7.10 months. This places the United Kingdom 126th out of 151 countries in the dataset.
Summary
The United Kingdom stands out with a high level of central government debt, ranking 3rd out of 61 countries in the dataset. Despite this, the country also exhibits strength in its reserves and related items, positioning it 16th out of 161 countries in total reserves. These figures are crucial as they indicate the UK's capability to meet financial obligations and manage economic risks amidst a global context of fiscal challenges and uncertainties.
Government Revenue
Revenue, excluding grants (% of GDP): The United Kingdom's value for this attribute is 33.75% of GDP, which is above the average of 27.02%. The country ranks 30th out of 122 countries in this dataset.
Grants and other revenue (% of revenue): The United Kingdom's value is 6.20% of revenue, well below the average of 23.54%. With a rank of 99 out of 108 countries, this indicates a lower reliance on grants and other revenue sources.
Social contributions (% of revenue): The UK's value of 20.35% of revenue is slightly below the average of 22.29%. Ranking 45th out of 81 countries, it indicates a moderate level of social contributions compared to its peers.
Taxes on goods and services (% of revenue): At 33.08% of revenue, the UK's value surpasses the average of 31.82%. With a rank of 59 out of 122 countries, it demonstrates a relatively high reliance on taxes from goods and services.
Taxes on international trade (% of revenue): The UK's value of 0.04% of revenue is significantly lower than the average of 6.24%. Ranked 94th out of 101 countries, it signifies a minimal contribution from taxes on international trade.
Other taxes (% of revenue): The UK's value of 4.66% of revenue is notably higher than the average of 2.12%. With a rank of 12 out of 106 countries, the country relies more on other types of taxes compared to the average.
Taxes on income, profits and capital gains (% of revenue): The UK's value of 35.67% of revenue is well above the average of 24.66%. Ranking 22nd out of 119 countries, it shows a significant reliance on taxes on income, profits, and capital gains.
Summary
The United Kingdom exhibits a mixed picture in terms of key macroeconomic indicators. While its revenue excluding grants as a percentage of GDP is relatively high compared to the average, it relies less on grants and other revenue sources. The country also demonstrates a higher dependence on taxes, particularly on goods and services and income, profits, and capital gains, compared to global averages. These indicators are crucial for understanding the UK's fiscal health, economic policies, and the government's revenue sources, providing insights into its economic sustainability and policy priorities.
Taxes
For Tax revenue (% of GDP), the United Kingdom's value of 24.80% is above the average of 16.72%. The UK ranks 11th out of 123 countries in this data set.
Regarding Taxes on income, profits and capital gains (% of total taxes), the UK's value of 48.57% is higher than the average of 38.40%. The country ranks 27th out of 120 countries.
As for Tariff rate, applied, weighted mean, all products (%), the UK's value of 1.28% is below the average of 5.21%. It ranks 141st out of 153 countries.
Summary
The United Kingdom demonstrates strong performance in tax revenue collection, exceeding the global average by 8.08% and ranking relatively high at 11th out of 123 countries. However, the country's reliance on taxes on income, profits, and capital gains is higher than the global average, placing it at 27th out of 120 countries. In terms of tariff rates, the UK maintains a low rate compared to the global mean, ranking 141st out of 153 countries. These indicators are crucial for assessing the country's fiscal health, economic competitiveness, and trade relations with other nations.
Government Expenses
Expense (% of GDP): The United Kingdom's expense as a percentage of GDP is 47.68%, which is above the average of 31.69%. This places the UK at rank 12 out of 123 countries included in the data.
Compensation of employees (% of expense): The UK's compensation of employees as a percentage of expense is 13.52%, below the average of 24.70%. This puts the UK at rank 95 out of 123 countries.
Goods and services expense (% of expense): The UK's goods and services expense as a percentage of overall expense is 13.36%, slightly below the average of 14.77%. The UK ranks 55 out of 122 countries for this attribute.
Interest payments (% of expense): The UK spends 4.29% of its expense on interest payments, lower than the average of 6.85%. This places the UK at rank 67 out of 121 countries.
Other expense (% of expense): The UK's other expenses as a percentage of total expense is 14.13%, above the average of 8.29%. This puts the UK at rank 21 out of 120 countries.
Subsidies and other transfers (% of expense): The UK allocates 54.70% of its expense to subsidies and other transfers, surpassing the average of 43.29%. The UK is ranked 32 out of 121 countries in this category.
Summary
The United Kingdom tends to allocate a larger portion of its GDP towards expenses compared to the global average, with a significant portion going towards subsidies and other transfers. However, it lags behind in compensating employees and in goods and services expenses. These indicators are crucial as they provide insights into the country's fiscal priorities, efficiency in resource allocation, and economic competitiveness on a global scale.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Population ages 65 and above, total | 11/194 |
| Urban population | 15/194 |
| Military expenditure (current USD) | 6/149 |
| Industrial design applications, nonresident, by count | 3/112 |
| Industrial design applications, resident, by count | 9/113 |
| Patent applications, residents | 9/117 |
| Trademark applications, nonresident, by count | 3/130 |
| Trademark applications, resident, by count | 12/129 |
| Scientific and technical journal articles | 5/192 |
| Charges for the use of intellectual property, payments (BoP, current US$) | 8/143 |
| Charges for the use of intellectual property, receipts (BoP, current US$) | 6/122 |
| GDP (current US$) | 5/189 |
| GDP, PPP (current international $) | 9/181 |
| GNI (current US$) | 6/185 |
| GNI, PPP (current international $) | 9/181 |
| Gross value added at basic prices (GVA) (current US$) | 5/176 |
| Services, value added (% of GDP) | 14/183 |
| Services, value added (current US$) | 5/183 |
| Industry (including construction), value added (current US$) | 7/183 |
| Manufacturing, value added (current US$) | 9/173 |
| Broad money (% of GDP) | 5/139 |
| Broad money to total reserves ratio | 4/126 |
| Final consumption expenditure (current US$) | 5/159 |
| General government final consumption expenditure (current US$) | 6/158 |
| Household and NPISHs Final consumption expenditure (current US$) | 6/158 |
| Foreign direct investment, net inflows (BoP, current US$) | 4/182 |
| Foreign direct investment, net outflows (BoP, current US$) | 15/156 |
| Portfolio Investment, net (BoP, current US$) | 8/159 |
| Portfolio equity, net inflows (BoP, current US$) | 5/125 |
| Exports of goods, services and primary income (BoP, current US$) | 5/170 |
| Exports of goods and services (BoP, current US$) | 4/170 |
| Exports of goods and services (current US$) | 4/163 |
| Goods exports (BoP, current US$) | 11/171 |
| Merchandise exports (current US$) | 11/187 |
| High-technology exports (current US$) | 12/151 |
| Service exports (BoP, current US$) | 2/171 |
| ICT service exports (BoP, current US$) | 5/166 |
| Insurance and financial services (% of service exports, BoP) | 5/161 |
| Commercial service exports (current US$) | 2/171 |
| Insurance and financial services (% of commercial service exports) | 6/161 |
| Imports of goods and services (current US$) | 5/163 |
| Goods imports (BoP, current US$) | 6/171 |
| Imports of goods and services (BoP, current US$) | 6/170 |
| Imports of goods, services and primary income (BoP, current US$) | 4/170 |
| Merchandise imports (current US$) | 4/190 |
| Service imports (BoP, current US$) | 6/171 |
| Communications, computer, etc. (% of service imports, BoP) | 14/169 |
| Commercial service imports (current US$) | 6/171 |
| Computer, communications and other services (% of commercial service imports) | 15/169 |
| Air transport, freight (million ton-km) | 12/126 |
| Air transport, registered carrier departures worldwide | 14/149 |
| Air transport, passengers carried | 12/149 |
| Secure Internet servers | 4/193 |
| Individuals using the Internet (% of population) | 14/180 |
| Fixed broadband subscriptions | 8/185 |
| CO2 emissions (kt) | 18/188 |
| Central government debt, total (% of GDP) | 3/61 |
| Net incurrence of liabilities, total (% of GDP) | 4/92 |
| Total reserves minus gold (current US$) | 14/161 |
| Total reserves (includes gold, current US$) | 16/161 |
| Tax revenue (% of GDP) | 11/123 |
| Expense (% of GDP) | 12/123 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Mineral rents (% of GDP) | 86/86 |
| Agriculture, forestry, and fishing, value added (% of GDP) | 174/182 |
| Foreign direct investment, net (BoP, current US$) | 169/169 |
| Current account balance (BoP, current US$) | 169/170 |
| Net primary income (BoP, current US$) | 168/170 |
| Net secondary income (BoP, current US$) | 166/170 |
| Net trade in goods (BoP, current US$) | 170/171 |
| Net capital account (BoP, current US$) | 156/159 |
| Net financial account (BoP, current US$) | 169/170 |
| Transport services (% of service imports, BoP) | 166/169 |
| Transport services (% of commercial service imports) | 165/169 |
| Reserves and related items (BoP, current US$) | 155/171 |
| Grants and other revenue (% of revenue) | 99/108 |
| Taxes on international trade (% of revenue) | 94/101 |
| Tariff rate, applied, weighted mean, all products (%) | 141/153 |