Comparison of Economies: United Kingdom vs. United StatesThe United States of America (USA) and the United Kingdom (UK) are similar in many different ways, but their economies are much different. The difference in population contributes to several of the differences between the economies. Vast differences in the percentages of the Gross Domestic Product (GDP) that agriculture, industry and services make up are another way in which the economies differ. Last, the share of trade in each economy is extremely different.First, population plays a large role in every countrys economy. USAs population is almost 280 million people, whereas, UKs population is a little less than sixty million people. However, due to the difference in land area of the two countries - UK: 244,820 square kilometers; USA: 9,629,091 square kilometers - the United Kingdom is much more crowded than the United States. Even with these differences the two countries have similar age breakdowns and life expectancies of both males and females. The GDP per capita in the United States is $12,100 more than that of the United Kingdom. Even though population plays an important role in the economy, other things, such as agriculture, industrial development, and the selling of services, are really what defines a nations economy and are what really defines the difference between the two economies. Agriculture in America makes up twelve percent of the GDP. In England, however, agriculture only makes up 1.7 percent of the GDP. England makes some of this gap up in industry. Its industry is twenty-five percent of the GDP, where Americas industry percentage is eighteen percent. However, America once again widens the gap in the selling of services with a seven percent advantage over the UK. All of this means that America is more agriculture and service oriented than the United Kingdom, but the United Kingdom is more industry oriented than America. One last aspect of the eco...
