Economy of the United Kingdom

The United Kingdom is a major developed capitalist economy. It is the world's sixth largestby nominal GDP and the seventh largest by purchasing power parity.^[1] It is the third largesteconomy in Europe after Germany's and France's in nominal terms, and the third largest after Germany's and Russia's in terms of purchasing power parity.^[1] Its GDP PPP per capita is the 18th highest in the world.^[1] The United Kingdom is also a member of the G8, the Commonwealth of Nations, the Organisation for Economic Co-operation and Development, the World Trade Organisation, and the European Union.