As per International Monetary Fund
(IMF) United Kingdom’s nominal gross domestic product is expected to grow at a
CAGR of 3.72% from it’s 2015 level of GBP 1872.71 billion and reach GBP 2417.51
billion by 2022.
United Kingdom (UK), officially
the United Kingdom of Great Britain and Northern Ireland, is a sovereign state
located off the north-western coast of continental Europe. The country includes
the island of Great Britain, which is a term sometimes also loosely applied to
the whole state, the north-eastern part of the island of Ireland, and many
smaller islands. Northern Ireland is the only part of the UK that shares a land
border with another state, that is the Republic of Ireland.
United Kingdom (UK) had estimated
population of 65.572 million in the year 2016 and expected to reach 68.203
million by 2022. UK's around 31.741 million was employed in 2016 and the
unemployment rate was 4.9% of total labor force.
U.K's real gross domestic product
(GDP) was around GBP 1865.41 billions in 2016 whereas the nominal GDP was GBP
1939.64 billions. This resulted in GDP deflator 103.979. Per capita GDP was
estimated at USD 40095.95 whereas purchasing power parity (PPP) based per
capita GDP was estimated to be at USD 42480.72.
The output gap for UK in 2016 was
negative at 0.173% of the potential GDP. In 2016, UK government's revenue was
GBP 703.888 billions whereas the expenditure was GBP 764.289 billions. This
resulted UK government's net lending / borrowing negative at GBP 60.401 billion
in 2016 indicating that enough financial resources were not made available by
the government to boost economic growth.
The current account balance for UK
was estimated to be negative at USD 114.546 billions for the year 2016 and is
expected to decline at a CAGR of 9.41% and reach USD 61.418 by 2022. This
negative current account balance indicates the UK is a net borrower from the
whole world.
Scope of the United Kingdom PESTEL Analysis, SWOT Analysis and Risk
Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for United Kingdom.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for United Kingdom.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for United Kingdom.
- These reports provide risk analysis for United Kingdom.
For more information and to
purchase United Kingdom PESTEL Analysis
Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/united-kingdom-pestel-analysis-market-research-report
For more information and to
purchase United Kingdom SWOT Analysis
Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/united-kingdom-swot-analysis-market-research-report
For more information and to
purchase United Kingdom Risk Analysis
Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/united-kingdom-risk-analysis-market-research-report
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