The Mudcat Café TM
Thread #165570 Message #4000849
Posted By: Iains
15-Jul-19 - 01:44 PM
Thread Name: BS: Brexit #3: A futile gesture?
Subject: RE: BS: Brexit #3: A futile gesture?
The EU have the resources to overcome problems - and industry-less Britain can hardly be described as essential to anybody any more
In the UK, manufacturing makes up 11% of GVA, 44% of total UK exports, 70% of business R&D, and directly employs 2.6 million people. Despite the decline since the 1970s, when manufacturing contributed 25% of UK GDP, the UK is currently the ninth largest manufacturing nation in the world.
Gross Domestic Product of United Kingdom grew 1.4% in 2018 compared to last year. This rate is 4 -tenths of one percent less than the figure of 1.8% published in 2017. The GDP figure in 2018 was $2,828,640 million, leaving United Kingdom placed 5th in the ranking of GDP according to the International Monetary Fund.
Ireland by contrast would rank no 33