- Conventional long form
- United Kingdom of Great Britain and Northern Ireland; note - the island of Great Britain includes England, Scotland, and Wales
- Conventional short form
- United Kingdom
- Local long form
- Local short form
- Name
- London
- Geographic coordinates
- 51 30 N, 0 05 W
- Time difference
- UTC 0 (5 hours ahead of Washington, DC, during Standard Time)
- Daylight saving time
- +1hr, begins last Sunday in March; ends last Sunday in October
- Inflation
- 0.642%
- Total tax rate (% of commercial profits)
- 30.9%
- Real Interest Rate
- -1.127%
- Manufacturing, value added (% of GDP)
- 9.691%
- Current Account Balance
- US$ -115,527,290,484
- Labor Force, Total
- 33,881,982
- Employment in Agriculture
- 1.13%
- Employment in Industry
- 18.53%
- Employment in Services
- 79.65%
- Unemployment Rate
- 4.85%
- Imports of goods and services
- US$ 785,359,078,615
- Exports of goods and services
- US$ 735,640,895,348
- Total Merchandise Trade
- 39.91%
- FDI, net inflows
- US$ 299,665,238,411
- Commercial Service Exports
- US$ 329,119,993,138
- Commodities
- manufactured goods, fuels, chemicals; food, beverages, tobacco
- Partners
- US 14.6%, Germany 10.1%, Switzerland 7%, China 6%, France 5.9%, Netherlands 5.8%, Ireland 5.5% (2015)
- Commodities
- manufactured goods, machinery, fuels; foodstuffs
- Partners
- Germany 14.8%, China 9.8%, US 9.2%, Netherlands 7.5%, France 5.8%, Belgium 5% (2015)
- Country Risk Rating
- A3
- Changes in generally good but somewhat volatile political and economic environment can affect corporate payment behavior. A basically secure business environment can nonetheless give rise to occasional difficulties for companies. Corporate default probability is quite acceptable on average.
- Business Climate Rating
- A1
- The business environment is very good. Corporate financial information is available and reliable. Debt collection is efficient. Institutional quality is very good. Intercompany transactions run smoothly in environments rated A1.
- Hydrocarbon production meeting three-quarters of energy needs
- Advanced sectors (aerospace, pharmaceuticals, and automotive)
- Low corporate taxes
- Uncertainties about the implementation and impact of the decision to leave the EU
- Economy's dependence on financial services
- High level of public debt
- Sizable private debt (especially property debt being 125% of disposable household income)