The United Kingdom - Four Countries

December 14, 2009

The United Kingdom (UK) consists of four countries: England, Scotland, Wales and Northern Ireland. The total land mass of the UK is approximately 245 000 square kilometres and the total population is 61 million.

England

Total land area: 130 410 square kilometres
Capital: London
Population: 50.7 million

Scotland

Total land area: 78 772 square kilometres
Capital: Edinburgh
Population: 5.1 million

Wales

Total land area: 20 758 square kilometres
Capital: Cardiff
Population: 2.98 million

Northern Ireland

Total land area: 14160 square kilometres
Capital: Belfast
Population: 1.7 million
Economy

The UK economy combines the economies of England, Scotland, Wales and Northern Ireland. In 2008 the World Bank rated the UK as the 6th largest economy in the world and, according to the Economist’s Intelligence Unit, the UK is forecast to have the strongest business environment of all major European economies for the period of 2008-2012.

The UK is one of the leading trading nations in the world. In 2009 the World Trade Organisation rated the UK as the second largest exporter and third largest importer of commercial services and the eighth largest exporter and fifth largest importer of merchandise. Leading destinations for UK products and services include the US, Germany and France.

Along with being one of the leading trading nations in the world, the UK is also one of the world’s most globalised countries. The capital, London, is a major financial centre for international business and commerce.

On the world stage the UK is a member of the G8, the Commonwealth, the Organisation of Economic and Co-operation Development (OECD), the World Trade Organisation (WTO) and the European Union (EU).

Key facts about the UK Economy:

· With a population of only 60.6 million, the UK has the world’s 6th largest global economy, with a Gross Domestic Product (GDP) of USD2,345bn

· A competitive country - London ranked second in the world after New York of more than 500 global cities, by the Chinese Academy of Social Sciences (CASS) Global Urban Competitiveness Report (2007-2008)

· A modern service economy with Information Communications Technology accounting for 10% of UK’s GDP, creative industries for 8.2% of GDP, and financial and related advisory services 14% of GDP

· An investment magnet, 8.1% of world-wide Foreign Direct Investment (FDI) stock, second only to the US for FDI stock (over USD800bn at 2005). 18.1% of EU FDI stock

· A hub for Asian investment - more people employed in UK through Japanese investment than France and Germany combined. And now over 380 Chinese investors

· An open economy, with overseas entities owning 35% of patents, compared to 12% in the US and less than 4% in Japan

· An international economy, second largest global investor stock, behind the US, over USD1200bn

· One of the world’s 3 top financial centres, London, along with New York and Hong Kong, with the most diverse international client base - including 6 companies listed on main board, 62 companies listed on AIM second board from China.

Topics : UK information. Source: ukshanghaiexpo.com

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