England’s economy is the largest in the UK, contributing significantly to the
national GDP. Economic growth has varied over recent years, with slow recoveries post-2008 financial crisis and the impact of Brexit, but the economy continues to be a major global player.
The services sector, particularly finance, insurance, and real estate, is the
backbone of England’s economy. London is a global financial hub, driving much of the country’s economic activity.
Although smaller than the service sector, manufacturing still plays a key role,
particularly in industries like aerospace, automotive, and pharmaceuticals. However, this sector has seen a decline over the past few decades.
England has experienced relatively low unemployment rates in recent years, though
regional disparities and wage stagnation remain challenges. The workforce is also being affected by automation and shifts in global trade patterns.
The UK’s departure from the European Union has reshaped trade relationships.
England’s primary exports include machinery, vehicles, chemicals, and financial services, with Europe, the U.S., and Asia being key markets.
