As an important trading entity, economic power and financial center in the world, the Uk is one of the richest, most economically developed and highest living standards in the world. The UK is a developed country, the world’s fifth-largest economy in terms of nominal GDP and the ninth largest economy in terms of purchasing power parity. The UK’s main energy production accounts for about 10% of GDP, and the banking, financial, shipping, insurance and commercial services sectors account for the largest share of GDP and are in a world leader position. The capital, London, is one of the world’s largest financial, shipping and service centres.
