March 2006
United Kingdom
                         
BASIC INDICATORS
Population (thousands, 2004)  59 405 Rank in world trade, 2004 Exports Imports
GDP (million current US$, 2004) 2 140 898 Merchandise  8 5
GDP (million current PPP US$, 2004) 1 832 252 Commercial services 2 3
Current account balance (million US$, 2004) - 42 296 Merchandise excluding intra-EU trade - -
Trade per capita (US$, 2002-2004)  16 825 Commercial serv. excl. intra-EU trade - -
Trade to GDP ratio (2002-2004)   54.4
Annual percentage change
2004   1995-2004 2003 2004
Real GDP (1995=100)   128 3 2 3
Exports of goods and services (volume, 1995=100)  a   141 4 0 ...
Imports of goods and services (volume, 1995=100)  a   170 7 1 ...
                         
TRADE POLICY
WTO accession date 1 January 1995 Contribution to WTO budget (%, 2006) 5.564
Trade Policy Review date 24, 26 July 2002 Import duties collected:
in total tax revenue ...
Tariff binding coverage (%, 2004)   100.0 to total merchandise imports ...
MFN tariffs Final bound Applied 2005
Simple average of ad-valorem duties Number of:
All goods   4.1   4.2 GATS services sectors with commitments   115
Agricultural goods (AOA) X    5.9 Dispute rulings (complainant - defendant) 26 - 21
Non-agricultural goods   3.9   4.0 Notifications outstanding  (CRN)   22
Non ad-valorem duties (% of total tariff lines)   6.0   5.9 Number of contingency measures in force:
Anti-dumping (30 June 2005) 167
MFN duty free imports Countervailing duties (30 June 2005) 16
Share in total imports, 2004   52.6 Safeguards (3 November 2005)   1
                         
MERCHANDISE TRADE  Value Annual percentage change
2004   1995-2004 2003 2004
Merchandise exports, f.o.b. (million US$)  347 494 4 9 14
Merchandise imports, c.i.f. (million US$)  470 632 6 13 20
2004   2004
Share in world total exports    3.78 Share in world total imports  4.93
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   6.4 Agricultural products 10.3
Fuels and mining products   11.6 Fuels and mining products 8.6
Manufactures   80.8 Manufactures 77.9
  By main destination   By main origin
1. European Union (25)   57.8 1. European Union (25)   55.4
2. United States   15.1 2. United States   9.2
3. Japan   2.0 3. China   5.7
4. Canada   1.8 4. Norway   3.3
5. Switzerland   1.6 5. Japan   3.3
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2004   1995-2004   2003 2004
Commercial services exports (million US$)  184 984   10 15 23
Commercial services imports (million US$)  144 938   10 13 20
2004   2004
Share in world total exports   8.49   Share in world total imports 6.80
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   16.2   Transportation 23.8
Travel   15.2   Travel 38.9
Other commercial services   68.6   Other commercial services 37.2
                         
INDUSTRIAL PROPERTY 
  Total   Residents Non-residents   Total   Residents Non-residents
Patents granted, 2002  52 593  5 211  47 382   Marks registered, 2002  59 421 42 800 16 621
                         
a  Refers to 2003 values and to the average annual percentage change for 1995-2003.