The following infographic provides an overview of the UK Economy of 2016. According to GDP, the UK has one of the most powerful economies in Europe. The recent vote on Brexit will certainly affect the country’s economy in one way or the other. However, it is important to note most of these impacts have yet to manifest themselves. For now, GDP at official exchange rates is reported at USD 2.68 trillion (2.95 trillion in 2014) with a real growth rate of 2.2% (2.6% in 2014). Meanwhile, per capita GPD (PPP) has increased slightly to USD 41’200 in 2015 from USD 39’500 in 2014.

Income vs Expenditure

The UK has reduced its budget deficit to USD 128 billion (from USD 169.8 billion in 2014) or roughly 4.5% of the country’s GDP. Public debt currently stands at 90.6% of GDP, as compared to 79.1% in 2014. In addition to that, the inflation rate has dropped to 0.1% in 2015 (1.5% in 2014). The UK has experienced decreasing imports and exports over the last year, which results in a current account balance of USD -123.5 billion (USD -162.2 billion in 2014). It will be interesting to see, how these numbers change in the near future as the impact of Brexit becomes more apparent.