UK Economy Has Officially Overtaken France

Discussion in 'Europe and Russia' started by HMS Astute, Oct 31, 2014.

  1. HMS Astute

    HMS Astute Regular Member

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    UK economy (GDP nominal) is now $2.902 trillion. It has already overtaken France and become Europe's 2nd largest economy after Germany and 5th in the world.

    Eurostat - Data Explorer
     
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  3. ninja85

    ninja85 Regular Member

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    its always changing in europe how much difference is between french and brit economy???
     
  4. HMS Astute

    HMS Astute Regular Member

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    Not much, just by a small margin at the moment.

    But this small gap will be wider if the UK economy continues to grow at this current rate (3.2% to 3.6% y/y) in a long term, and France gains little or no growth.

    It is hard to maintain high GDP "stable" growth for developed countries.

    GDP nominal in 2007
    UK = $2.858 trillion
    France = $2.709 trillion

    GDP nominal in 2013
    France = $2.807 trillion
    UK = $2.523 trillion

    GDP nominal in 2014
    UK = $2.902 trillion ($2.97 to $3 trillion is predicted when the IMF releases GDP infos for every country next year)
    France = $2.808 trillion

    The bottom line is it took the UK 6 years to surpass the France and regain it's former world's 5th and Europe's 2nd largest economy position.

    Stay tuned for the next global financial crisis, be prepared for the worst and hope for the best before Ethiopia and Zambia takeover our economies.
     
    Last edited: Nov 1, 2014

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