The UK has overtaken France and has become the 5th largest economy in the universe. If you want to know how UK was able to accomplish this, please read the link below. In short, UK did something very smart: it started counting income from sex and drugs as part of its GDP.
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The UK has overtaken France to become the world's fifth largest economy - and will even outstrip Germany by 2030, according to a new global league table.
But economics consultants Cebr Global said that the tiny margin between the UK and France made the result too close to call with certainty. And recent changes mean that the UK gross domestic product (GDP) figures include spending on illicit services such as prostitution and drugs, which are not counted in France.
The group said that the "unstoppable" rise of India will see it surpass Britain to become the largest economy in the Commonwealth in 2018 and the third largest economy in the world by 2024.
The latest edition of Cebr Global's World Economic League Table (WELT) shows China's growth continuing so strongly that it is now predicted to overhaul the US as the world's biggest economy by 2025 - compared to 2028 last year.
UK GDP in 2014 was 2,828 billion US dollars (£1,820.4 billion) compared to 2,827 billion dollars (£1,819.7 billion) for France, according to the new report.
The gap is "well within the margin of error", said Cebr Global, adding that if France's markets in drugs and prostitution were included, they may prove to be "larger than their British counterparts".
Cebr Global predicts that Germany will slide back economically, due to its declining population and the likely weakness of the euro, to the extent that Britain will overtake it in 2030 for the first time since 1954 - when the comparison was with West Germany alone.
But if Germany left the euro, the group forecasts that its currency strength would mean that the UK would be unlikely to overtake it until around 2050, by which point Britain's superior demographics would prove "irresistible". If Scotland were to leave the UK, Germany would still be well ahead in GDP terms by this point.
The World Economic League Table tracks the size of different economies across the globe and forecasts future changes as far ahead as 2030. Its 2014 ranking puts the US first, followed by China, Japan, Germany, the UK, France, Brazil, Italy, India and Russia, in that order.
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x27 Sex and drugs x27 help British economy become world x27 s fifth largest - ITV News
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The UK has overtaken France to become the world's fifth largest economy - and will even outstrip Germany by 2030, according to a new global league table.
But economics consultants Cebr Global said that the tiny margin between the UK and France made the result too close to call with certainty. And recent changes mean that the UK gross domestic product (GDP) figures include spending on illicit services such as prostitution and drugs, which are not counted in France.
The group said that the "unstoppable" rise of India will see it surpass Britain to become the largest economy in the Commonwealth in 2018 and the third largest economy in the world by 2024.
The latest edition of Cebr Global's World Economic League Table (WELT) shows China's growth continuing so strongly that it is now predicted to overhaul the US as the world's biggest economy by 2025 - compared to 2028 last year.
UK GDP in 2014 was 2,828 billion US dollars (£1,820.4 billion) compared to 2,827 billion dollars (£1,819.7 billion) for France, according to the new report.
The gap is "well within the margin of error", said Cebr Global, adding that if France's markets in drugs and prostitution were included, they may prove to be "larger than their British counterparts".
Cebr Global predicts that Germany will slide back economically, due to its declining population and the likely weakness of the euro, to the extent that Britain will overtake it in 2030 for the first time since 1954 - when the comparison was with West Germany alone.
But if Germany left the euro, the group forecasts that its currency strength would mean that the UK would be unlikely to overtake it until around 2050, by which point Britain's superior demographics would prove "irresistible". If Scotland were to leave the UK, Germany would still be well ahead in GDP terms by this point.
The World Economic League Table tracks the size of different economies across the globe and forecasts future changes as far ahead as 2030. Its 2014 ranking puts the US first, followed by China, Japan, Germany, the UK, France, Brazil, Italy, India and Russia, in that order.
...
x27 Sex and drugs x27 help British economy become world x27 s fifth largest - ITV News
