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White British Country Research Paper

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The United Kingdom has a rich history of economic prosperity despite some periods of economic hardship. Currently they have are ranked fifth in the human development index, and are governed as a constitutional monarchy. The population is just over sixty-five million, and only 4.7% are unemployed. This island nation has become a hub for travel and migration, and is now the tenth most popular country to migrate as 273,000 people come in annually. White British is the primary race demographic composing 80.3% although the Muslim population is rapidly increasing. These factors help to strengthen their overall economy and the value of their currency, the British Pound. Their GDP is 2.862 trillion US dollars. The country has demonstrated good economic resilience with effective rule of law, an open trading environment, and a well-developed financial sector. The overall tax burden equals 32.6 percent of total domestic income. The spending by thte government has come to a total of forty-four percent of the total output GDP in the past three years. Along with this, budget deficits have averaged 5.2 perfect of the GDP. …show more content…
This group of employed individuals consists of 0.6% agriculture, 6.4% construction, 14.6% production, 78.4% services, and sees fifteen percent of the population living below the poverty line. Trade is vital to the British and this is reflected in that their exports and imports consumes 57% of the GDP. The country welcomes foreign investment, and has an average applied tariff rate of 1.5%. The state still holds some bank ownership, but the financial sector is strong. Trade is bustling for the UK, and they are involved with many free trade agreements including major economies such as those in Asia like China and Japan, Australia, North America, as well as within the European

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