Financial intermediation, real estate, and business activities contributed 34.4% to the gross value added (GVA) in 2023, followed by wholesale, retail and hotels (13.5%) and mining, manufacturing and utilities (12.1%). In nominal terms, the three segments are expected to grow by 4.1%, 4.5%, and 3.3%, respectively, in 2024.
London and Manchester contributed 37.8% to the country’s GDP and were home to 26.7% of the UK’s population, as of 2023, according to GlobalData’s cities database.
UKX index exhibited a volatile trend over the past year. As of May 1, 2024, the index stood at 8,161.1, compared to 7,633.5 on May 01, 2023.
Scope
Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework. This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks. These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions. The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.
Reasons to Buy
Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Did You Know?
Country Highlights
Key Economic Updates
Country Snapshot
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
Outlook
List of Figures
Exhibit 1: The UK’s performance in terms of its country risk analysis in comparison to the West Europe and the world averages
Exhibit 2: Performance overview (score: 0-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: UKX index, (May 2023 - May 2024)
Exhibit 5: Key sectors contribution to the economy (2019-26f)