The United Kingdom has a highly developed social market economy. [25][26][27] It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), tenth-largest by purchasing power parity (PPP), and twentieth by nominal GDP per capita, constituting 3.1% of nominal world GDP. [28] .

The gross domestic product of the British economy was 2.27 trillion British pounds in 2023 and was the sixth- largest global economy, behind the United States, China, Japan, Germany, and...

UK economic activity covering production, distribution, consumption, and trade of goods and services. Individuals, businesses, organisations and governments all affect the...

3 days ago · LONDON (AP) — The British economy unexpectedly shrank during January, piling pressure on Treasury chief Rachel Reeves before a key statement about the state of the public finances later this month. Official figures Friday showed that the economy, the world’s sixth-largest, saw output drop by 0.1% during the month, in contrast to ...

Aug 11, 2023 · With a gross domestic product (GDP) of $3.07 trillion in 2022 and a population of more than 67 million, the United Kingdom has the sixth-largest economy after the U.S., China, Japan, Germany,...

Feb 13, 2025 · The British economy managed to eke out quarterly growth of 0.1% in the final quarter of 2024 following a stronger than anticipated performance in December.

3 days ago · News and headlines on the state of the UK economy. The latest economic data, reports and updates from the UK, including Budgets and inflation forecasts.