Updated in October 2022.
(Economic and fiscal) checks and balances
AA2
MEDIUM RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP | USD3070.7 bn (World ranking 6, World Bank 2022) |
Population | 67.0mn (World ranking 22, World Bank 2022) |
Form of state | Constitutional Monarchy |
Head of government | Rishi Sunak (Conservative Party) |
Next elections | 2024, legislative |

- High trade balance surplus on services
- Healthy banking sector
- Diversified export structure
- Friendly business environment

- Very high twin deficits
- Lower economic attractiveness post Brexit
- Low productivity growth
- Decreasing long term per capita income
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
United States
12.7%
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1 |
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Germany
8.7%
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2 |
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Switzerland
8.4%
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3 |
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Netherlands
7.9%
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4 |
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Ireland
6.2%
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5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Gold, non-monetary (excluding gold ores and concentrates)
8.9%
|
1 |
8.8%
Road vehicles
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Road vehicles
8.3%
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2 |
8.0%
Gold, non-monetary (excluding gold ores and concentrates)
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Power generating machinery and equipment
6.9%
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3 |
5.5%
Petroleum, petroleum products and related materials
|
Petroleum, petroleum products and related materials
6.8%
|
4 |
5.1%
Electrical machinery, apparatus and appliances, n.e.s.
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Medicinal and pharmaceutical products
5.9%
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5 |
4.4%
Miscellaneous manufactured articles, n.e.s.
|
Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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