Slide british economy edited 2014

BRITISH economy
By: Tra My – Thanh Thuy B
– Vu Doan Phuong Thao

1


Lead-in

Gross domestic
products
 What does GDP mean?
 What is the 2013 GDP of Vietnam?
A. 125.8 billion USD
B. 100.8 billion USD Worldbank.org
C. 171.4 billion USD
D. 165.8 billion USD
World rank: 57
Worldbank.org

2


LEAD-IN
GDP real growth rate

Year



5.2%



2010



5.4%



2011



6.2%



2012



6.4%



2013

3

Lead-in: vietnam gdp real
growth


2010: 6.4%



2011: 6.2%



2012: 5.2%



2013: 5.4%
4






What is the rank of the UK in terms of GDP?
6th
Which of the following numbers represents
the UK’s approximate 2013 GDP?

A. 2,461.77 billion of USD
B. 32,137 billion of USD
C. 232,137 billion of USD
D. 2,232,137 billion of USD

Source: Worldbank.org

5


Lead-in


Rank the following countries, which
are those with highest GDP, as listed
by the Worldbank in 2013
Russia

France

Japan

The U.K.

Brazil

China

Germany

India

The U.S.
6


Rank

Country

GDP (2013)

1

    United States

16,800,000 mil
dollars

2
3

    China
    Japan

9,240,270
4,901,530

4
5

6
7

   
   
   
   

3,634,823
2,734,949
2,521,381

8

    Russia Federation

9

    Italy

10

    India

Germany
France
United Kingdom
Brazil

2,245,673

2,096,777
2,071,307
1,876,797
Source:
Worldbank.org
7


A

Overview of economy

B

Working life

8


World
Economic
Overview

Europe

#6

Population: 63,612,729
GDP growth: 0%
Life expectancy: 82 years

9


Agriculture: 1%
 Main industries today: Industry: 26%
Services: 73% (2008 est.)

Banking and finance

Steel

Oil and gas

Transport equipment

Tourism

10


Agriculture






25% of Britain's land is arable
50% land for meadows and

pastures.
Agriculture is highly mechanized
and extremely productive



2% of the labor force produces 60%
percent of the country's food needs



Sizable fishing industry
11


Industry

Export

• Manufactured

•

Raw materials

•

40% food supplies

goods

Import

12


Service
banking, insurance, business services

Dominated

service-related industries

3.5 million

manufacturing jobs

70s - 80s

service-related jobs

90s

3.5 million

13


Exports & imports

•

Exports

•

Imports

14


Trade Focus

15


Exports
Exports: $442.2 billion (2007)
Largest export earner: Chemical
Export Partners (2007)
US

15%

Germany

11%

France

10%

Ireland

7%

Netherlands

6%

Belgium

6%

Spain

5%
16


Imports
Imports: $621.4 billion (2007)

Import Partners (2007)
Germany
14.2%
US
8.6%
China
7.3%
Netherlands

7.3%
France
6.9%
Belgium
4.7%
Norway
4.7%
17


THE STRUCTURE OF TRADE
& INDUSTRY
Economic system: private + public
 History:


 1945-1980:

state controlled

1979- 1990

 1980s:

Conservative government gave more freedom to
businessmen
 Privatize companies (share holders)


 1994:

most had been privatised
18


A

Overview of economy

B

Working life

19


ATTITUDE TO WORK




Lack of enthusiasm for work
+ Leisure = a sign of aristocracy
+ Non-manual job = sign of middle-class
+ Working day: starts late (8 a.m. for
manual jobs and 9 a.m. for non-manual
ones)
Industrious
High earnings are more important than
job satisfaction

Now, weaker connection between
20
middle class and non-manual work


SHOPPING AS A WAY OF
SPENDING MONEY


Not adventurous
shoppers (like
reliability + brandname goods)

Late 20th cent.: supermarkets moved out of
town
High streets (area in town where
shops concentrate) still survive
 Shop opening hours: 9a.m. (On Sundays, large
21
shops + supermarkets: 6 hours)



Harrod’s, the most famous department store in England that all
visitors want to visit. Here you can find anything, from the cheapest
to the most expensive things
22


Tesco (Southport), one supermarket of the British largest

supermarket chain
23


/>
 Not

only are we, in the words of
Napoleon, 'a nation of
shopkeepers', we are also a country
of compulsive shoppers. We love to
shop! It is our number one leisure
activity and accounts for around
37% of all money spent in England.
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