The gross domestic product of London was approximately 569 billion British pounds in 2023, far bigger than any other major metropolitan area of the United Kingdom in that year. The metropolitan area with the second-largest GDP was Greater Manchester, at around 101.3 billion British pounds,

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.

The gross domestic product of the United Kingdom was around 2.56 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.54 trillion pounds. The significant drop in GDP visible in 2020 was due to the COVID-19 pandemic, with the smaller declines in 2008 and 2009 because of the global financial crisis of the late 2000s. Low growth problem in the UK Despite growing by 0.9 percent in 2024, and 0.4 percent in 2023 the UK economy is not that much larger than it was before the COVID-19 pandemic. Since recovering from a huge fall in GDP in the second quarter of 2020, the UK economy has alternated between periods of contraction and low growth, with the UK even in a recession at the end of 2023. While economic growth picked up somewhat in 2024, GDP per capita is lower than it was in 2022, following two years of negative growth. UK's global share of GDP falling As of 2024, the UK had the sixth-largest economy in the world, behind the United States, China, Japan, Germany, and India. Among European nations, this meant that the UK currently has the second-largest economy in Europe, although the economy of France, Europe's third-largest economy, is of a similar size. The UK's global economic ranking will likely fall in the coming years, however, with the UK's share of global GDP expected to fall from 2.16 percent in 2025 to 2.02 percent by 2029.  

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, the gross domestic product per capita in London was 63,618 British pounds, compared with 37,135 pounds per capita for the United Kingdom as a whole. Apart from London, the only other region of the UK that had a greater GDP per capita than the UK average was South East England, at 38,004 pounds per capita. By contrast, North East England had the lowest GDP per capita among UK regions, at 26,347 pounds. Regional imbalance in the UK economy? London's overall GDP in 2022 was over 508 billion British pounds, which accounted for almost a quarter of the overall GDP of the United Kingdom. South East England had the second-largest regional economy in the country, with a GDP of almost 341.7 billion British pounds. Furthermore, these two regions were the only ones that had higher levels of productivity (as measured by output per hour worked) than the UK average. While recent governments have recognized regional inequality as a major challenge facing the country, it may take several years for any initiatives to bear fruit. The creation of regional metro mayors across England is one of the earliest attempts at giving regions and cities in particular more power over spending in their regions than they currently have. UK economy growth slow in late 2024 After ending 2023 with two quarters of negative growth, the UK economy grew at the reasonable rate of 0.8 percent and 0.4 percent in the first and second quarters of the year. This was, however, followed by zero growth in the third quarter, and by just 0.1 percent in the last quarter of the year. Other economic indicators, such as the inflation rate, fell within the expected range in 2024, but have started to rise again, with a rate of three percent recorded in January 2025. While unemployment has witnessed a slight uptick since 2022, it is still at quite low levels compared with previous years.

The average for 2017 based on 65 countries was 1.8 kidnappings per 100,000 people. The highest value was in Belgium: 10.3 kidnappings per 100,000 people and the lowest value was in Bermuda: 0 kidnappings per 100,000 people. The indicator is available from 2003 to 2017. Below is a chart for all countries where data are available.

The average for 2017 based on 97 countries was 7.4 homicides per 100,000 people. The highest value was in El Salvador: 61.8 homicides per 100,000 people and the lowest value was in Japan: 0.2 homicides per 100,000 people. The indicator is available from 1990 to 2017. Below is a chart for all countries where data are available.

The average for 2017 based on 79 countries was 105 robberies per 100,000 people. The highest value was in Costa Rica: 1587 robberies per 100,000 people and the lowest value was in Oman: 1 robberies per 100,000 people. The indicator is available from 2003 to 2017. Below is a chart for all countries where data are available.

As of 2023, the population density in London was by far the highest number of people per square km in the UK, at 5,690. Of the other regions and countries which constitute the United Kingdom, North West England was the next most densely populated area at 533 people per square kilometer. Scotland, by contrast, is the most sparsely populated country or region in the United Kingdom, with only 70 people per square kilometer. UK population over 67 million According to the official mid-year population estimate, the population of the United Kingdom was just almost 67.6 million in 2022. Most of the population lived in England, where an estimated 57.1 million people resided, followed by Scotland at 5.44 million, Wales at 3.13 million and finally Northern Ireland at just over 1.9 million. Within England, the South East was the region with the highest population at almost 9.38 million, followed by the London region at around 8.8 million. In terms of urban areas, Greater London is the largest city in the United Kingdom, followed by Greater Manchester and Birmingham in the North West and West Midlands regions of England. London calling London's huge size in relation to other UK cities is also reflected by its economic performance. In 2021, London's GDP was approximately 494 billion British pounds, almost a quarter of UK GDP overall. In terms of GDP per capita, Londoners had a GDP per head of 56,431 pounds, compared with an average of 33,224 for the country as a whole. Productivity, expressed as by output per hour worked, was also far higher in London than the rest of the country. In 2021, London was around 33.2 percent more productive than the rest of the country, with South East England the only other region where productivity was higher than the national average.

In 2024, Russia had the largest population among European countries at 144.8 million people. The next largest countries in terms of their population size were Turkey at 87.5 million, Germany at 84.5 million, the United Kingdom at 69.1 million, and France at 66.5 million. Europe is also home to some of the world’s smallest countries, such as the microstates of Liechtenstein and San Marino, with populations of 39,870 and 33,581 respectively. Europe’s largest economies Germany was Europe’s largest economy in 2023, with a Gross Domestic Product of around 4.2 trillion Euros, while the UK and France are the second and third largest economies, at 3.2 trillion and 2.8 trillion euros respectively. Prior to the mid-2000s, Europe’s fourth-largest economy, Italy, had an economy that was of a similar sized to France and the UK, before diverging growth patterns saw the UK and France become far larger economies than Italy. Moscow and Istanbul the megacities of Europe Two cities on the eastern borders of Europe were Europe’s largest in 2023. The Turkish city of Istanbul, with a population of 15.8 million, and the Russian capital, Moscow, with a population of 12.7 million. Istanbul is arguably the world’s most famous transcontinental city with territory in both Europe and Asia and has been an important center for commerce and culture for over two thousand years. Paris was the third largest European city with a population of 11 million, with London being the fourth largest at 9.6 million.

London was the most attractive financial center in Western Europe as of March 2024. According to five broad areas of competitiveness that the ranking was built on (business environment, human capital, infrastructure, financial sector development, and reputation), London received 747 points. Geneva ranked second, with a rating of 738. According to the Global Power City Index (GPCI), London was also the most attractive city worldwide for its economy, research and development, cultural interaction, livability, environment, and accessibility. Financial employment in the UK In 2022, the value added in the finance and insurance services sector in the United Kingdom as a percentage of total GDP was one of the largest in Europe. However, total employment in the financial services sector overall decreased since 2008. The mean weekly wage of full-time employees in the financial and insurance sector also dropped and never recovered from a sharp decrease in 2018. Largest European financial institutions In 2022, HSBC topped the list of the largest European banks in terms of total assets. With more than 2.86 trillion euros, the UK-based giant ranked before BNP Paribas, the largest banking institution in France. In the same year, HSBC also performed better than any other European bank in terms of pre-tax profit.

Germany, the UK, and France had the largest commercial real estate markets in Europe in 2024, amounting to almost **** of the European market. The market size is based on the value of high-quality real estate as a percentage of each country’s GDP. In Germany, the market size of commercial real estate was about *** trillion U.S. dollars.  Investment in commercial real estate Although the United Kingdom had a smaller market size than Germany, it recorded a higher commercial real estate investment volume in 2023. Due to the unfavorable economic climate, transaction activity declined markedly that year, affecting the whole region. Many countries, such as Germany, Sweden, and Italy, saw investment plummet by approximately ** percent. Most popular European cities among real estate investors Industry experts consider a broad range of factors when allocating capital to real estate assets. Transport connectivity and a city’s economic performance, however, stood out as most important, according to a 2023 survey. Unsurprisingly, the capital cities of the UK, Spain, and France ranked as the European cities with the highest real estate prospects in 2025.

At 7.99 U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was 5.79 dollars in the U.S., and 5.95 U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

The statistic shows the total population in Canada from 2020 to 2024, with projections up until 2030. In 2024, the total population in Canada amounted to about 41.14 million inhabitants. Population of Canada Canada ranks second among the largest countries in the world in terms of area size, right behind Russia, despite having a relatively low total population. The reason for this is that most of Canada remains uninhabited due to inhospitable conditions. Approximately 90 percent of all Canadians live within about 160 km of the U.S. border because of better living conditions and larger cities. On a year to year basis, Canada’s total population has continued to increase, although not dramatically. Population growth as of 2012 has amounted to its highest values in the past decade, reaching a peak in 2009, but was unstable and constantly fluctuating. Simultaneously, Canada’s fertility rate dropped slightly between 2009 and 2011, after experiencing a decade high birth rate in 2008. Standard of living in Canada has remained stable and has kept the country as one of the top 20 countries with the highest Human Development Index rating. The Human Development Index (HDI) measures quality of life based on several indicators, such as life expectancy at birth, literacy rate, education levels and gross national income per capita. Canada has a relatively high life expectancy compared to many other international countries, earning a spot in the top 20 countries and beating out countries such as the United States and the UK. From an economic standpoint, Canada has been slowly recovering from the 2008 financial crisis. Unemployment has gradually decreased, after reaching a decade high in 2009. Additionally, GDP has dramatically increased since 2009 and is expected to continue to increase for the next several years.