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 significantproportion 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.