The United Kingdom has one of the most globalised economies and comprises England, Scotland, Wales and Northern Ireland. In 2022, the United Kingdom was the fifth-largest exporter in the world and the fourth-largest importer. It also had the fourth-largest outward foreign direct investment, and the fifteenth-largest inward foreign direct investment. In 2022, the United Kingdom's trade with the European Union accounted for 42% of the country's exports and 48% of its imports. The United Kingdom has a highly efficient and strong social security system, which comprises roughly 24.5% of GDP.
The United Kingdom has one of the most globalised economies and comprises England Scotland Wales and Northern Ireland In 2022 the United Kingdom was the fifth-largest exporter in the world and the fourth-largest importer It also had the fourth-largest outward foreign direct investment and the fifteenth-largest inward foreign direct investment In 2022 the United Kingdom's trade with the European Union accounted for 42% of the country's exports and 48% of its imports The United Kingdom has a highly efficient and strong social security system which comprises roughly 245% of GDP