United Kingdom (UK) PESTLE Insights – A Macroeconomic Outlook Report

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According to GlobalData estimates, in 2022, financial intermediation, real estate and business activities contributed 34.1% towards GVA, followed by mining, manufacturing and utilities (12.9%), and wholesale, retail, hotels (12.1%). The three sectors are forecast to grow by 5.6%, 5.3%, and 5.5%, respectively, in 2023.

London, Manchester, Breckland and South Norfolk, and East Sussex County Council contributed 39.9% to the country’s GDP and were home to 28.5% of the UK’s population, as of 2022, according to GlobalData’s cities database.


With an aim to boost the UK economy, in the budget 2023,the government committed GBP600 billion ($742 billion) towards economic and social infrastructure over the next five years

Key Highlights

The FTSE100 Index exhibited a volatile trend over past year. As of March 24, 2023, the Index stood at 7,499.6, compared to 7,467.4 on March 24, 2022.

Reasons to Buy

Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.

PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations

Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.

This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.


Table of Contents

List of Exhibits

Did You Know?

Country Highlights

Key Economic Updates

Agreements Post Brexit

Country Snapshot

Political Landscape

Economic Landscape

Social Landscape

Technological Landscape

Legal Landscape

Environmental Landscape



Exhibit 1: The UK’s performance in terms of its country risk analysis in comparison to West Europe and the World average

Exhibit 2: Performance overview (score: 1-100)

Exhibit 3: Broad categories and weights behind the index

Exhibit 4: The UK stock market index (March 2022 to March 2023)

Exhibit 5: The UK exchange rate (March 2022 to March 2023)

Exhibit 6: Key sectors’ contribution to the economy (2018-25f)

Exhibit 7: International investment position (2018 -21) and international investment position by sector (2018-21)

Exhibit 8: International investment position by country (2020-21) and by region (2021)

Exhibit 9: Key infrastructure indicators (2020)

Exhibit 10: Real GDP and household consumption growth rate (2018-25f)

Exhibit 11: Real GDP growth rate comparison (2022)

Exhibit 12: Volume of export and import of goods and services growth (2018-25f)

Exhibit 13: Current account balance (2018-25f)

Exhibit 14: Top three commodity exports, % of total exports (2018-22)

Exhibit 15: Natural, cultured pearls and precious stones, % of total exports (2021)

Exhibit 16: Interest rates (March 2018 – March 2023)

Exhibit 17: Exchange rate and inflation rate (2018-25f)

Exhibit 18: General government net lending/borrowing (2018-25f)

Exhibit 19: General government gross debt (2018-25f)

Exhibit 20: Unemployment rate (2018-25f)

Exhibit 21: Average annual wages (2018-25f)

Exhibit 22: Labor cost index (2018-25f)

Exhibit 23: Rural/urban share of total population (1995, 2005, 2015, 2025f)

Exhibit 24: Age-group share of total population (1995, 2005, 2015, 2025f)

Exhibit 25: Gender split (1995, 2005, 2015, 2025f)

Exhibit 26: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)

Exhibit 27: Number of patents granted per million population (2021)

Exhibit 28: High-technology exports, % of manufactured exports (2021)

Exhibit 29: Rule of law (rankings), 2022

Exhibit 30: Corruption perceptions index (rankings) (2021)

Exhibit 31: Renewable electricity, installed capacity (2017-21)

Exhibit 32: CO2 emissions (2017-21)


List of Figures

Exhibit 1: UK’s performance in terms of its country risk analysis in comparison to West Europe and the World

Exhibit 2: Performance overview (Score: 1-100)

Exhibit 3: Broad categories and weights behind the index

Exhibit 4: FTSE 100 (March 2021- March 2022)

Exhibit 5: Key sectors; contribution to the economy (2017-2024f)

Exhibit 6: Net FDI inward and outward position (2017- 20) and inward FDI by industry (2017-2020)

Exhibit 7: FDI flows by region and country (2020)

Exhibit 8: Key infrastructure indicators

Exhibit 9: Real GDP and household consumption growth rate (2017-2024f)

Exhibit 10: Real GDP growth rate comparison (2021)

Exhibit 11: Exports, imports and trade balance (2017-2024f)

Exhibit 12: Current account balance (2017-2024f)

Exhibit 13: Top three commodity exports, % of total exports, (2017-2021)

Exhibit 14: Nuclear reactors, boilers and machinery, % share of world’s total (2021)

Exhibit 15: Interest rates (March 2017- March 2022)

Exhibit 16: Exchange rate (2017-2024f)

Exhibit 17: General government net lending/borrowing (2017-2024f)

Exhibit 18: General government gross debt (2017-2024f)

Exhibit 19: Unemployment rate (2017-2024f)

Exhibit 20: Average annual wages (2017-2024f)

Exhibit 21: Labor cost index (2017-2024f)

Exhibit 22: Rural/urban share of total population (2005, 2015, 2025)

Exhibit 23: Age-group share of total population (2005, 2015, 2025)

Exhibit 24: Gender split (2005, 2015, 2025)

Exhibit 25: Internet users as a % of total population, mobile and broadband penetration rates (2021)

Exhibit 26: Number of patents granted per million people (2020)

Exhibit 27: High technology exports (% of manufactured exports) (2020)

Exhibit 28: Doing business in the UK 2020

Exhibit 29: Corruption perceptions index (Rankings) (2021)

Exhibit 30: Renewable energy, installed capacity (2016-2020)

Exhibit 31: CO2 emissions (2016-2020)

Frequently asked questions

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