Great Britain is the fifth-largest economy in the world and the second-largest in Europe after Germany. The country's economy is based on the principles of private property and the free market.
The UK economy largely depends on the services sector, which accounts for about 80% of the GDP. The country is home to many major international financial institutions, and London is considered one of the leading financial centers in the world. The production and construction sectors play an important role in the economy, while the agriculture and mining industries make a minimum contribution.
Panoptic Insights analysts identified several key trends in the fastest-growing segments of the country's economy. Business owners who will come to these industries will have the greatest chances of success.
- The technological sector includes software production companies and online stores.
- Health and social assistance. The aging of the population and the growth of healthcare costs are two factors that contributed to this growth.
- Professional, scientific and technical services. Including legal and accounting consulting.
- The construction sector. The growth of which is due to the growth of state expenses for the infrastructure.
- Financial and insurance services. London will remain a major world financial center since the UK continues to exert its influence on world finances.