The city of Paris in France had an estimated gross domestic product of 757.6 billion Euros in 2021, the most of any European city. Paris was followed by the spanish capital, Madrid, which had a GDP of 237.5 billion Euros, and the Irish capital, Dublin at 230 billion Euros. Milan, in the prosperous north of Italy, had a GDP of 228.4 billion Euros, 65 billion euros larger than the Italian capital Rome, and was the largest non-capital city in terms of GDP in Europe. The engine of Europe Among European countries, Germany had by far the largest economy, with a gross domestic product of over 4.18 trillion Euros. The United Kingdom or France have been Europe's second largest economy since the 1980s, depending on the year, with forecasts suggesting France will overtake the UK going into the 2020s. Germany however, has been the biggest European economy for some time, with five cities (Munich, Berlin, Hamburg, Stuttgart and Frankfurt) among the 15 largest European cities by GDP. Europe's largest cities In 2023, Moscow was the largest european city, with a population of nearly 12.7 million. Paris was the largest city in western Europe, with a population of over 11 million, while London was Europe's third-largest city at 9.6 million inhabitants.

In 2023, Shanghai was the city with the largest GDP in China, reaching a value added of approximately 4.7 trillion yuan. The four Chinese first-tier cites Beijing, Shanghai, Shenzhen, and Guangzhou had by far the strongest economic performance. Development of Chinese cities Rapid urbanization and economic growth have reshaped all Chinese cities since the economic opening up of China. While the first-tier cities have overall benefitted most from this development, the last two decades have seen many second-tier cities catching up. For many years already, growth rates in Qingdao, Hangzhou, Changsha, and Zhengzhou have been higher than in Shanghai or Beijing.This development was driven by lower costs in smaller cities, a specialization of their economies, and political measures to support inland cities and ease the pressure on the largest municipalities. Today, per capita GDP in cities such as Suzhou, Nanjing, and Shenzhen is already higher than in Beijing or Shanghai. Future perspectives Competition between cities will further change China’s urban landscape in the future. Medium-sized cities that can provide an attractive economic environment have the potential to grow their economy at a faster pace, attract immigration, and further increase their relative importance. Cities that are losing their competitive edge, however, like Shenyang, Dalian, and other cities in the northeastern rustbelt, are increasingly confronted by economic stagnation and demographic decline.

The New York-Newark-Jersey City metro area had the highest real GDP in 2023, totaling around 1.91 billion U.S. dollars. The Los Angeles-Long Beach-Anaheim metro area also had a high real GDP of around 1.08 billion dollars. This statistic only contains the top 100 metro areas by real GDP.

As of 2024, Mumbai had a gross domestic product of *** billion U.S. dollars, the highest among other major cities in India. It was followed by Delhi with a GDP of around *** billion U.S. dollars. India’s megacities also boast the highest GDP among other cities in the country. What drives the GDP of India’s megacities? Mumbai is the financial capital of the country, and its GDP growth is primarily fueled by the financial services sector, port-based trade, and the Hindi film industry or Bollywood. Delhi in addition to being the political hub hosts a significant services sector. The satellite cities of Noida and Gurugram amplify the city's economic status. The southern cities of Bengaluru and Chennai have emerged as IT and manufacturing hubs respectively. Hyderabad is a significant player in the pharma and IT industries. Lastly, the western city of Ahmedabad, in addition to its strategic location and ports, is powered by the textile, chemicals, and machinery sectors. Does GDP equal to quality of life? Cities propelling economic growth and generating a major share of GDP is a global phenomenon, as in the case of Tokyo, Shanghai, New York, and others. However, the GDP, which measures the market value of all final goods and services produced in a region, does not always translate to a rise in quality of life. Five of India’s megacities featured in the Global Livability Index, with low ranks among global peers. The Index was based on indicators such as healthcare, political stability, environment and culture, infrastructure, and others.

Annual estimates of balanced UK regional gross domestic product (GDP). Current price estimates and chained volume measures for combined authorities and city regions.

The statistic depicts Australia's gross domestic product (GDP) from 1987 to 2024, with projections up until 2030. In 2024, GDP in Australia amounted to about 1.8 trillion US dollars. See global GDP for a global comparison. Australia’s economy and population Australia’s gross domestic product has been growing steadily, and all in all, Australia and its economic key factors show a well-set country. Australia is among the countries with the largest gross domestic product / GDP worldwide, and thus one of the largest economies. It was one of the few countries not severely stricken by the 2008 financial crisis; its unemployment rate, inflation rate and trade balance, for example, were hardly affected at all. In fact, the trade balance of Australia – a country’s exports minus its imports – has been higher than ever since 2010, with a slight dip in 2012. Australia mainly exports wine and agricultural products to countries like China, Japan or South Korea. One of Australia’s largest industries is tourism, which contributes a significant share to its gross domestic product. Almost half of approximately 23 million Australian residents are employed nowadays, life expectancy is increasing, and the fertility rate (the number of children born per woman) has been quite stable. A look at the distribution of the world population by continent shows that Australia is ranked last in terms of population and population density. Most of Australia's population lives at the coast in metropolitan areas, since parts of the continent are uninhabitable. Unsurprisingly, Australia is known as a country with very high living standards, four of its biggest cities – Melbourne, Adelaide, Sydney and Perth – are among the most livable cities worldwide.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2023, the real GDP of the Los Angeles metro area amount to around 1.08 trillion U.S. dollars, and increase after 2021. The overall quarterly GDP growth in the United States can be found here. Gross domestic product of Los AngelesWith a population of over 12.8 million inhabitants in 2023, Los Angeles is the second-largest city in America, following only New York. The Los Angeles metro area also ranked second among U.S. metro areas in terms of gross metropolitan product, second again only to New York City metro area, which came in with a GMP of 1.99 trillion U.S. dollars to Los Angeles’ 1.13 trillion U.S. dollars in the fiscal year of 2021. Chicago metro area ranked third with GMP of 757.2 billion U.S. dollars. Additional detailed statistics about GDP in the United States is available here. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Los Angeles ranked 9th with a median household income of 76,135 U.S. dollars annually in 2022. This was slightly higher than the median household income of the United States in 2022, which came in at 74,580 U.S. dollars annually. Located in Southern California, Los Angeles is home to Hollywood, the famous epicenter of the U.S. film and television industries. The United States is one of the leading film markets worldwide, producing 449 films in 2022, many of them produced by Hollywood-based studios. In 2018, movie ticket sales in North America generated over 11.89 billion U.S. dollars in box office revenue. Famous Hollywood actresses earn millions annually, with the best paid, Sofia Vergara, earning 43 million U.S. dollars in 2020. Second on the list was Angelina Jolie with earnings of 35.5 million U.S. dollars.

In 2023, the total gross domestic product (GDP) of the Guangdong - Hong Kong - Macao Greater Bay Area amounted to almost two trillion U.S. dollars. That year, the GDP of the city of Shenzhen alone amounted to around 489 billion U.S. dollars, ranking first among cities in the Greater Bay Area. The Greater Bay Area in China The Guangdong - Hong Kong - Macao Greater Bay Area is an economic zone comprised of the two special administrative regions Hong Kong and Macao and nine cities of Guangdong province in mainland China, namely Shenzhen, Guangzhou, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing. The concept of the Greater Bay Area has been formulated by the Chinese government to further integrate Macao and Hong Kong into the Chinese mainland and to boost the economy of the cities in the Pearl River Delta. In the 1980s and 1990s, the Pearl River Delta had been one of the prime regions for economic development, but in recent years it has lost ground to the Yangtze River Delta in East China, the largest of the economic macro-regions in China. A development plan for the Greater Bay Area, which was initiated in 2017 and further elaborated thereafter, aims at developing the region into the world's largest and economically most successful Bay Area. GDP development in the Greater Bay Area In 2022, the GDP of the Greater Bay Area cities was still affected by the coronavirus pandemic and decreased slightly in U.S. dollar terms compared to the previous year. However, the development was uneven, with some of the cities on the mainland experiencing strong economic growth, while GDP growth in Hong Kong and Macau still suffered significantly from the pandemic. In 2023, per capita GDP in the Greater Bay Area ranged at about 22,867 U.S. dollars, which was one of the highest values in China. However, per capita GDP in Hong Kong and Macao is still considerably higher then in the neighboring cities on the mainland.

The U.S. manufacturing sector plays a central role in the economy, accounting for 20% of U.S. capital investment, 60% of the nation's exports and 70% of business R&D. Overall, the sector's market size, measured in terms of revenue is worth roughly $6 trillion, making it a major industry to do business with. So which U.S. states are the biggest for manufacturing? This article will explore the nation's top manufacturing states, measured by number of employees, based on MNI's database of 400,000 U.S. manufacturing companies.

This graph shows the GDP of the Los Angeles metro area in 2022, by industry. In 2022, its GDP amounted to about 1.06 trillion U.S. dollars. About 99.2 billion U.S. dollars were generated by the manufacturing industry. The overall quarterly GDP growth in the United States can be found here.

Gross domestic product of Los Angeles

With a population of over 3.9 million inhabitants in 2011, Los Angeles is the second largest city in America, following only New York. The Los Angeles metro area also ranked second among U.S. metro areas in terms of gross metropolitan product, second again only to New York City metro area, which came in with a GMP of USD 1.287 trillion to Los Angeles’ 755 billion USD in 2011. Chicago metro area ranked third with GMP of 547 billion U.S. dollars. Washington metro area ranked fourth with 434 billion U.S. dollars in 2011. Additional detailed statistics about GDP and GMP in the United States is available here.

Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Los Angeles ranked 11th with a median household income of 48,466 U.S. dollars annually in 2013. This was lower than the median household income of the United States in 2013, which came in at 51,939 U.S. dollars annually.

Located in Southern California, Los Angeles is home to Hollywood, the famous epicenter of the U.S. film and television industries. The United States is one of the leading film markets worldwide, producing 817 films in 2011, many of them produced by Hollywood-based studios. In 2012, movie ticket sales in North America generated over 10.8 billion U.S. dollars in box office revenue. Famous Hollywood actresses earn millions annually, with the best paid, Angelina Jolie, earning 33 million U.S. dollars between June 2012 and June 2013. Second on the list was Jennifer Lawrence with earnings of 26 million U.S. dollars.

The Indian construction industry, a significant contributor to the nation's GDP, is experiencing robust growth, fueled by increasing urbanization, infrastructure development initiatives like the Bharatmala Project and Smart Cities Mission, and a burgeoning real estate sector. The market size, while not explicitly stated, can be reasonably estimated based on the provided CAGR of >6.00% and a global context. Considering the scale of India's infrastructure projects and population, a 2025 market size in the range of $200-300 billion USD is plausible, translating to a substantial number of millions in the specified value unit. This growth is propelled by multiple sectors: Commercial construction caters to the rising demand for office spaces and shopping malls; Residential construction addresses the housing shortage in urban areas and rising disposable incomes; Industrial construction supports manufacturing expansion and foreign investment; Infrastructure projects (transportation) are crucial for connecting diverse regions, while Energy and Utilities construction is essential for supporting the country's power needs. Key players like Lodha Group, L&T, and others are driving innovation and shaping the market landscape. However, challenges remain. Land acquisition complexities, regulatory hurdles, fluctuating raw material prices (especially cement and steel), and skilled labor shortages pose significant constraints to growth. While the government actively promotes ease of doing business, streamlining these processes is crucial to maintain the industry's momentum. The industry is also adapting to sustainable practices, incorporating green building technologies and materials to minimize environmental impact, in line with global sustainability goals. This shift towards sustainable construction, though initially increasing costs, is projected to become a driving force for long-term growth, attracting environmentally conscious investors and consumers. The forecast period of 2025-2033 is poised for further expansion, driven by continued government investment and a growing private sector participation, making India a highly attractive market for construction companies globally. Construction Industry in India: A Comprehensive Market Report (2019-2033) This report provides a detailed analysis of the Indian construction industry, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this in-depth study leverages historical data (2019-2024) to offer invaluable insights into market trends, growth drivers, challenges, and future projections. The report uses millions (Million) as its unit of measurement for key figures. Recent developments include: March 2023: L&T has inked an MoU with Odisha-based non-profit SLS Trust for setting up a Skill Training Hub at Badampahar in Odisha's Mayurbanj district. This facility will comprise classrooms, state-of-the-art simulators, yards for practical training, and residential accommodation for the trainees., November 2022: MEIL is building Mongolia's first greenfield oil refinery in Telangana. Megha Engineering & Infrastructures Limited (MEIL) has received a Letter of Award (LOA) for the Mongolia Refinery Project, which includes the construction of Mongolia's first oil refinery. MEIL will build EPC-2 (Open Art Units, Utilities & Offsites, Plant Buildings) and his EPC-3 (Captive Power Plants) in Mongolia at a cost of US$790 million. Engineers India Limited is the project management consultant for this G2G partnership project. The project is part of the 'Development Partnership Management' initiative of the Ministry of External Affairs, Government of India.. Key drivers for this market are: Government Initiatives, Demand for office and retail space. Potential restraints include: Lack of Skilled Labor, Supply chain issues and rising material costs. Notable trends are: Infrastructure projects drives the market.

In 2023, the average per capita gross domestic product (GDP) in the Guangdong - Hong Kong - Macao Greater Bay Area ranged at ****** U.S. dollars. Per capita gross domestic product in Macao amounted to around ****** U.S. dollars in that year, ranking first among cities in the Greater Bay Area. The Greater Bay Area in China The political concept of the Guangdong - Hong Kong - Macao Greater Bay Area was introduced to the public in 2017 and further implemented by jointly signed agreements in the following years. It aims at integrating the special administrative regions of Macao and Hong Kong into the Chinese mainland and boosting the economy of all participating cities in the Pearl River Delta. The development plan for the Greater Bay Area is part of a national Chinese initiative to promote several economic city clusters in China. On the Chinese mainland, nine cities are part of the Greater Bay Area region, all of them located in Guangdong province: Shenzhen, Guangzhou, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing. In the long run, the joint plan intends to develop the region into the world's largest and economically most successful Bay Area. Per capita GDP in the Greater Bay Area In terms of per capita GDP, the more mature economies of Macao and Hong Kong are still ahead of mainland Chinese cities in the Greater Bay Area, although Shenzhen and Guangzhou belong to the most developed cities in the whole of mainland China. However, growth rates on the mainland are considerably higher than in Hong Kong and Macao. This is especially true for Shenzhen, which is famous for its past economic boom and has developed into a bustling high-tech location, home to the well-known computer and internet giants Huawei and Tencent.

In 2024, the gross domestic product (GDP) of Shanghai municipality in China amounted to approximately 5.39 trillion yuan. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river. Development of GDP in Shanghai The GDP of Shanghai has previously grown at a high pace, but economic development has gradually lost momentum over the years. GDP growth in Shanghai, which developed very close to national figures in recent years, ranged at 5.0 percent in 2024. From a sectoral point of view, the tertiary sector of the economy displayed the highest growth rates in most of the past years and services already account for more than 75 percent of the value added to the GDP. In contrast, the share of the industrial sector, which had once been of great importance to Shanghai, has been shrinking in most of the years. Branches in the service sector of the economy that experienced the fastest development were financial intermediation and information industries. Per capita GDP in Shanghai Set in relation to the population size of the city, the economic success of its inhabitants becomes apparent. Per capita GDP of Shanghai citizens exceeded 20,000 U.S. dollars on average for the first time in 2019, which is in the global middle field and well above the average in East Asia. However, when comparing it to other cities or regions, it has to be taken into account that the administrative area of Shanghai municipality is quite large and includes distant suburbs as well as villages on agrarian land. For this reason, Shanghai’s per capita GDP is quite high and only second to Beijing when it is compared on a provincial level in mainland China. However, when compared on a city level, with other Chinese cities often having smaller administrative areas not including distant suburbs, Shanghai’s per capita GDP ranks only within the leading 10 cities.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Abstract

National Statistical Office (NSO) of India will be conducting Annual Survey on Unincorporated Sector Enterprises (ASUSE) 2022-23 during October 2022 to September 2023.

This survey will be devoted exclusively to economic and operational characteristics of unincorporated non-agricultural establishments in manufacturing, trade and other services sector. The unit of enquiry of the ASUSE will be an ‘establishment’.

Unincorporated sector is an integral part of Indian econ my, which not only comprises of large number of establishments but also generates large number ofemployment in this sector. Besides, its contribution to Gross Domestic Product (GDP) of the country is also significant. Unincorporated sector has tremendous potential to grow higher.

The ASUSE 2022-23, which will be launched in October 2022 andcontinue till September 2023, will cover all unincorporated non-agricultural establishments belonging to three sectors viz., Manufacturing, Trade and Other Services.

(i) The survey will cover the following broad categories: (a) Manufacturing establishments excluding those registered under Sections 2m(i) and2m(ii) of the Factories Act, 1948 (b) Manufacturing establishments registered under Section 85 of Factories Act, 1948 (c) Establishments engaged in cotton ginning, cleaning and bailing (code 01632 of NIC-2008) excluding those registered under Sections 2m(i) and 2m(ii) of the Factories Act,1948 (d) Establishments manufacturing Bidi and Cigar excluding those registered under bidi and cigar workers (conditions of employment) Act, 1966 (e) Non-captive electric power generation, transmission and distribution by units not registered with the Central Electricity Authority (CEA) (f) Trading establishments (g) Other Service sector establishments

Geographic coverage

The survey will cover the rural and urban areas of whole of India (except the villages in Andaman and Nicobar Islands which are difficult to access). The definitions of urban and rural areas as per census 2011 are given below:

Urban: Constituents of urban area are Statutory Towns, Census Towns and Outgrowths.

Statutory Town (ST): All places with a municipality, corporation, cantonment board or notified towns area committee, etc.

Census Town (CT): Places that satisfy the following criteria are termed as Census Towns (CTs). a. A minimum population of 5000 b. At least 75% of the male main working population engaged in non-agricultural pursuits c. A density of population of at least 400 per sq.km.

Out Growth (OG): Out Growth should be a viable unit such as a village or part of a village contiguous to a statutory town and possess the urban features in terms of infrastructure and amenities such as pucca roads, electricity, taps, drainage system, education institutions, post offices, medical facilities, banks, etc. Examples of OGs are Railway colonies, University campuses, Port areas, that may come up near a CT or statutory towns outside its statutory limits but within the revenue limit of a village or villages contiguous to the town or city.

Urban Agglomeration (UA): It is a continuous urban spread constituting a town and its adjoining urban outgrowths (OGs) or two or more physically contiguous towns together and any adjoining urban out-growth of such towns. Rural: All area other than urban are rural. The basic unit for rural area is the revenue village.

Sampling procedure

Outline of sample design: A stratified multi-stage sampling design will be adopted for ASUSE.

Rural sector: The first stage units (FSU) will be the census villages in the rural sector. For rural part of Kerala, Panchayat wards (PW) will be taken as FSUs.

Urban sector: The First Stage Units (FSU) will be the latest updated UFS (Urban Frame Survey) blocks.

The Ultimate Stage Units (USU) will be establishments for both the sectors. In the case of large FSUs, one intermediate stage of sampling will be the selection of three hamlet-groups (HGs)/sub-blocks (SBs) from each of the large FSUs.

Sampling frame to be used for selection of FSUs

Census 2011 list of villages will be used as the sampling frame for rural areas. Auxiliary information such as number of workers, etc. available from Sixth Economic Census (EC) frame will be used for stratification, sub-stratification and selection of FSUs, for rural areas (except Kerala). In rural areas of Kerala, list of Panchayat Wards (PW) as per Census 2011 will be used as sampling frame. For all urban areas, the latest updated list of UFS blocks will be the sampling frame.

Stratification of FSUs:

Rural sector: Each NSS State region will constitute a rural stratum.

Urban sector: In urban areas, strata will be formed within each NSS State region on the basis of population of towns as per Census 2011. The tentative stratum numbers and their composition (within each NSS State region) will be as follows:

stratum 1 : all towns with population less than 50,000 stratum 2 : all towns with population 50,000 or more but less than 3 lakhs stratum 3 : all towns with population 3 lakhs or more but less than 10 lakhs stratum 4, 5, 6, ... : each city with population 10 lakhs or more

Mode of data collection

Face-to-face [f2f]

In 2023, the GDP of the Seatle-Tacoma-Bellevue metro area amounted to ****** billion U.S. dollars, an increase from the previous year. The GDP of the United States since 1990 can be accessed here. Seattle metro area The Seattle metropolitan area in the U.S. state of Washington includes the city of Seattle, King County, Snohomish County, and Pierce County within the Puget Sound region. About **** million people were living in the Seattle metro area, which is more than half of Washington's total population in 2021 (about **** million people). This makes the Seattle metro area the **** largest metropolitan area in the United States, by population. However, Seattle is in fourth place among the 20 largest metro areas in terms of household income, which stood at ****** U.S. dollars in 2019. This is by far more than the average household income in the United States. Household income in Washington is on a similar high level. In 2021, the federal state of Washington was ranked **** in terms of household income among the states of the U.S. The city of Seattle is the largest city in the Pacific Northwest region of North America. It has about ******* residents and is among the ** largest cities in the United States. Seattle has always been an important coastal seaport city and a gateway to Alaska. The importance of the city and metro area is also due to fact that some of the biggest companies worldwide started in Seattle during the 1980s. Companies like Amazon and Microsoft are still based in the Seattle area in the state of Washington.

The gross domestic product (GDP) of California was about 3.23 trillion U.S. dollars in 2023, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 35.07 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

In 2023, London had a gross domestic product of over 569 billion British pounds, by far the most of any region of the United Kingdom. The region of South East England which surrounds London had the second-highest GDP in this year, at over 360 billion pounds. North West England, which includes the major cities of Manchester and Liverpool, had the third-largest GDP among UK regions, at almost 250 billion pounds. Levelling Up the UK London’s economic dominance of the UK can clearly be seen when compared to the other regions of the country. In terms of GDP per capita, the gap between London and the rest of the country is striking, standing at over 63,600 pounds per person in the UK capital, compared with just over 37,100 pounds in the rest of the country. To address the economic imbalance, successive UK governments have tried to implement "levelling-up policies", which aim to boost investment and productivity in neglected areas of the country. The success of these programs going forward may depend on their scale, as it will likely take high levels of investment to reverse economic neglect regions have faced in the recent past. Overall UK GDP The gross domestic product for the whole of the United Kingdom amounted to 2.56 trillion British pounds in 2024. During this year, GDP grew by 0.9 percent, following a growth rate of 0.4 percent in 2023. Due to the overall population of the UK growing faster than the economy, however, GDP per capita in the UK fell in both 2023 and 2024. Nevertheless, the UK remains one of the world’s biggest economies, with just five countries (the United States, China, Japan, Germany, and India) having larger economies. It is it likely that several other countries will overtake the UK economy in the coming years, with Indonesia, Brazil, Russia, and Mexico all expected to have larger economies than Britain by 2050.