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In Comparison
United Kingdom United States GDP ranking 4th 1st Total GDP $1.74 trillion $12.73 trillion GDP per capita $30 309 $41 747 GDP growth rate 1.9 % 3.3 % Unemployment rate 4.7 % 4.9 % Public debt $8 trillion $0.6 trillion Labor force 29.6 million 140 million
Industries
Services 46 % Government 28 % Manufacturing/construction 24 % Energy 1 % Agriculture 1 %
Take a guess (percentage-wise) as to how much of the economy is in the government sector.
Taxes
Misery Index: 111.3 Overall tax burden: 35.9 %
– Mostly sales tax and individual income taxes– Comparatively low social security taxes
United Kingdom United States < $7300 10 %
< $3600 10 % (Starting rate) $7300–$30 000 15 %
$30 000–$72 000 25 % $3600–$56 000
22 % (Basic rate) $72 000–$150 000 28 %
$150 000–$326 000 33 % > $56 000
40 % (Higher rate) > $326 000 35 %
Currency
The Pound Sterling: £– Originally the price of one pound of sterling silver. – Among the highest valued of all currencies in the
world
Interest Rates and the Bank of England– Gordon Brown– Target inflation: 2 %