The economy of the United Kingdom is the sixth-largest national economy in the world measured by nominal GDP and seventh-largest measured by purchasing power parity (PPP), and the second-largest in Europe measured by both nominal GDP and PPP (after Germany in both cases. The UK’s GDP per capita is the 22nd highest in the world in nominal terms and the 22nd highest measured by PPP. The British economy encompasses the economies of England, Scotland, Wales and Northern Ireland.
