Flag: blue with the red cross of Saint George (patron saint of England) edged in white superimposed on the diagonal red cross of Saint Patrick (patron saint of Ireland) which is superimposed on the diagonal white cross of Saint Andrew (patron saint of Scotland); known as the Union Flag or Union Jack; the design and colors (especially the Blue Ensign) have been the basis for a number of other flags including dependencies, Commonwealth countries, and others
Economy ———-
Economic overview: The UK is one of the world's great trading powers and financial centers, and its economy ranks among the four largest in Western Europe. The economy is essentially capitalistic; over the past 13 years the ruling Tories have greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with only about 1% of the labor force. The UK has large coal, natural gas, and oil reserves, and primary energy production accounts for 12% of GDP, one of the highest shares of any industrial nation. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance, now employing only 25% of the work force. The economy registered 3.9% GDP growth in 1994, the best rate for six years, but slipped back to 2.7% in 1995. Exports and manufacturing output have been the primary engines of growth. Unemployment is gradually falling. Inflation is at a tolerable 3%. A major economic policy question for the UK in the 1990s is the terms on which it participates in the financial and economic integration of Europe.
GDP: purchasing power parity - $1.1384 trillion (1995 est.)
GDP real growth rate: 2.7% (1995 est.)
GDP per capita: $19,500 (1995 est.)
GDP composition by sector: agriculture: 1.7% industry: 27.7% services: 70.6% (1993)
Inflation rate (consumer prices): 3.1% (November 1995)
Labor force: 28.048 million by occupation: services 62.8%, manufacturing and construction 25.0%, government 9.1%, energy 1.9%, agriculture 1.2% (June 1992)
Unemployment rate: 8% (December 1995)