UK Economy

The UK has a population of 67.6 million with a land area of 93,628 square miles that includes England, Scotland and Northern Ireland. Labor Force was 32.7 million. Labor Force Participation was 48.4%. The UK needs jobs in rural areas. The UK population is the size of California 39 million and Texas 29 million combined. But 4 times smaller in land area with Texas at 268,597 square miles and California at 163,696 square miles, totaling 432,293 square miles.

The population of London is 9.2 million in a land area of 607 square miles.

In 2018 the UK had a Nominal GDP of $2.828 trillion. GDP growth was 1.4%. Inflation was 1.8%. Nominal Per Capita GDP was $42,557.  Poverty was 22%.  Unemployment was 3.8%. Base Interest rate is 0.75%. Gross External Debt is $7.5 trillion. Debt to GDP is 85.8%. Government revenue was $984 billion government spending was 1.11 trillion. Taxes are 50%. EU tax is $15 billion a year.

UK price for Gasoline is 5.79 per gallon. Average rent for a 1 bedroom apartment in London is $2000 per month.

GDP by sector is agriculture 0.6%, industry 19.2% and services 80.2%. Labor Force by occupation is agriculture 1.5%, industry 18.8% and services 79.7%.

Exports 555 billion pounds include manufactured goods, fuels, chemicals, food, beverages and tobacco, sold to US, Germany, Switzerland, China, France, Netherlands and Ireland.

Imports 570 billion pounds include manufactured goods, machinery, fuels and foodstuffs bought from Germany, China, US, Netherlands, France and Belgium.

U.S. imports from United Kingdom account for 2.4% of overall U.S. imports in 2018. The top import categories (2-digit HS) in 2018 were: vehicles ($11 billion), machinery ($9.3 billion), special other (returns) ($5.3 billion), pharmaceuticals ($5.0 billion), and mineral fuels ($4.3 billion). Total top imports were $35 billion.

U.S. exports to United Kingdom account for 4.0% of overall U.S. exports in 2018. The top export categories (2-digit HS) in 2018 were: aircraft ($12 billion), precious metal and stone (gold) ($8.5 billion), machinery ($6.7 billion), mineral fuels ($6.3 billion), and electrical machinery ($4.5 billion). Total top exports were $38 billion.

Manufacturing Industries include aerospace, defense equipment, chemicals, electronics, industrial equipment, telecommunications, scientific equipment, processed metals, energy, information technology, pharmaceuticals, 

Service industries include financial services, banking, business and professional, logistics hospitality, entertainment, retail real estate and tourism

Local industries include construction, consumer goods, education, utilities, media, transportation, real estate, retail, healthcare, food and beverage and agriculture,

Ease of doing business 9^th.

https://en.wikipedia.org/wiki/Economy_of_the_United_Kingdom

Norb Leahy, Dunwoody GA Tea Party Leader