It's inconvenient, then, that London actually generates a quarter of the entire UK GDP. Figures from the EU (taken from Wiki):
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The most recent (2017) regional GDP estimates calculated by Eurostat, the EU civil service statistics authority, suggest the following:[2]
Region |
GDP (trillion $) |
GDP (trillion €) |
GDP (trillion £)[3] |
Total UK GDP: |
2.5 |
2.3 |
1.8 |
Great Britain: |
2.4 |
2.2 |
1.7 |
England (including London): |
2.2 |
2.0 |
1.6 |
England (excluding London): |
1.6 |
1.45 |
1.1 |
London: |
0.6 |
0.55 |
0.43 |
Scotland: |
0.2 |
0.18 |
0.14 |
Wales: |
0.09 |
0.08 |
0.06 |
Northern Ireland: |
0.06 |
0.05 |
0.04 |
This would make the economy of England taken alone (£1.6tn / €2.0tn) approximately the world's 8th largest economy (just behind France, and ahead of Italy) as opposed to the 6th largest for the UK as a whole (between India (5th), and France, 7th) by the usual criteria. Scotland's economy, for comparison, would be roughly the size of Hungary's (54th).
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Just sayin', is all..............
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