Analysis of Global Power Market
Analysis of Global Power Market
Overview of UK's Economy
Nominal GDP, UK, 2016-2023E
CAGR
US Dollar
Billion
(16-18) (18-23E)
Nominal GDP 2.9%
2.9%
4,000
3,000 2,669.1 2,640.0
2,000
1,000
0
2,828.6 2,829.2 2,927.1 3,027.1 3,142.3 3,265.6
2016 2017 2018 2019E 2020E 2021E 2022E 2023E
Nominal GDP per Capita, UK, 2016-2023E
Thousand
CAGR
(16-18)
(18-23E)
US Dollar
60
Nominal GDP
per Capita
2.3%
2.4%
50
42.6
40.7
42.3 43.5
44.8
46.2
47.8
40.0
40
30
20
10
0
2016
2017
Highlights
➤ UK's nominal GDP increased from US Dollar
2,669.1 billion in 2016 to US Dollar 2,828.6 billion
in 2018, representing a CAGR of 2.9%, and is
expected to increase further to US Dollar 3,265.6
billion in 2023 at a CAGR of 2.9% from 2018 to
2023.
➤ The nominal GDP per capita of UK increased
from US Dollar 40.7 thousand in 2016 to US
Dollar 42.6 thousand in 2018, indicating a CAGR
of 2.3%, and is expected to increase to US Dollar
47.8 thousand in 2023, with a CAGR of 2.4%.
➤ As one of the top economies in the world, the UK
has a relatively high GDP and GDP per capita.
However, affected by the Brexit, the domestic
currency of the UK experienced a sharp
depreciation in 2016 and 2017, which led to the
decline of nominal GDP in terms of US Dollar. In
the near future, the uncertainty of the Brexit will
still bring fluctuation to the UK's economy.
However, with the finish of the Brexit process,
the UK's economy is expected to return to stable
growth.
2018 2019E 2020E 2021E 2022E 2023E
FROST
SULLIVAN
Source: IMF, Frost & Sullivan
22
22View entire presentation