ECONOMIC INFORMATION

 

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Population: 59.3m

 

Population growth: 0.09%

Population density (people per sq. km): 246

UN Human Development Index ranking: 12/177

Gross national income (current US$): $1680.3bn (2003)

Gross national income per capita: $28,350

PPP Gross national income: $1,638.8bn

PPP Gross national income per capita: $27,650

GDP growth: 2.1% (2003)

GDP breakdown Agriculture: 1.0%, Industry: 26.4%, Services: 72.63%

Inflation (12-month average): 3.1 (2003)

Gross capital formation as % of GDP: 15.72%

Final consumption expenditure as % of GDP (growth): 86.1% (3.9%)

Exports of goods & services as % of GDP: 25.8%

Top 3 export markets: US, Germany, France

Local industries: Machine tools, electric power equipment, automation

equipment, railroad equipment, shipbuilding, aircraft, motor vehicles & parts, electronics & communications equipment, metals, chemicals, coal,

petroleum, paper & paper products, food processing, textiles, clothing & other consumer goods

WEF Growth Competitiveness ranking *: 11/104

WEF Business Competitiveness ranking **: 6/103

WEF Quality of the Business Environment ranking: 4/103

Transparency International Corruption Perceptions ranking: 11/145

Languages : English (official)

 

 

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FDI INFORMATION

 

Region: UK / Republic of Ireland

No. of projects (Jan-Sep 2004): 752

Market-share of projects in the region: 75.9%

Value of projects relative to GDP: 4.2%

Top 3 destination sectors: IT & software, financial services,hotels tourism & leisure

Top 3 business functions: Sales marketing & support, manufacturing, retail

Top 3 source countries: US, Germany, India

Top 3 investors: MBNA, NEWS, IKEA

 

 

IPA

 

Name: UK Trade and Investment

Web address: www.invest.uk.com

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations