You are on page 1of 6
England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest of England and the Celtic Sea to the southwest. England is separated from continental Europe by the North Sea to the east and the English Channel to the south. The country covers five-eighths of the island of Great Britain, which lies in the North Atlantic, and includes over 100 smaller islands, such as the Isles of Scilly and the Isle of Wight. It is the largest country of the British Isles. Economy of England The economy of England is the largest economy of the four countries of the United Kingdom. If England were an independent-sovereign state, its economy would be the seventh or eighth largest in the world. It produces 85% of UK's total GDP. highly industrialised country. It is an important producer of textiles and chemical products. Although automobiles, locomotives, and aircraft are among England's other important industrial products, a significant proportion of the country's income comes from the City of London. Since the 1990s, the financial services sector has played an increasingly significant role in the English economy and the City of London is one of the world's largest financial centres. Banks, insurance companies, commodity and futures exchanges are heavily concentrated in the City. The British pound sterling is the official currency of England and the central bank of the United Kingdom, the Bank of England, is located in London. GDP OF ENGLAND GDP figures are estimated for independent nations, and used to measure and compare aggregate (total) wealth between countries. Since England is not an independent state, but comprises one of the four major nations of the UK. This would make the economy of England taken alone (£1.8tn / €2.0tn) approximately the world's 8th largest economy (just behind France, and ahead of Italy) as opposed to the 6th largest for the UK as a whole (between India (5th), and France, 7th) by the usual criteria. Scotland's economy, for comparison, would be roughly the size of Greece's (50th). England stand’s Now UK was the tenth-largest goods exporter in the world and the fifth-largest goods importer. It aiso had the second- largest inward foreign direct investment and the third- largest outward foreign direct investment The UK is one of the most globalised economies and it is composed of England, Scotland, Wales and Northern Ireland. With more than 52% of its imports and its exports, the European Union, including its 27 members states, remains in 2020 one notable trade partner from the UK. The service sector dominates, contributing around 80% of GDP the financial services industry is particularly important, and London is the second-largest financial centre in the world Edinburgh is ranked 17th in the world. Conclusion All points are mentioned in presentation ,we can say that England has good source of economy and these points and some other points together makes England one of the top countries in the world list of best economy of the world and also these economy resources make England a wealthy country and high income nations in the world. The economy of England is developed in all terms.

You might also like