England Economy

England’s economy is one of the biggest economies of the world. Being a mixed economy, there is active contribution from both the private as well as the government sector. However, amidst a largely capitalistic outlook, England retains the social welfare focus and leads the world in aerospace, arms and the manufacturing segment of the software industry. Although industrialization is rampant in the nation, there has been a sudden shift towards the services sector. Tourism has therefore become an important segment and attracts over a million people annually to England. This is how the economy has performed since 2007(Figures un US dollar trillion):

worst hit nations in the world, the Brown administration, through nationalizing, tax cuts and other financial instruments, was able to contain the losses.

The services sector helped as well, with its rich contribution to the GDP of 75%, followed by the industry sector and agriculture. The following graph shows the performance of each sector in comparison to the others (in percentage):