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Economy in the United Kingdom
The United Kingdom has a capitalist economy that in 2007 was ranked as the fifth or sixth largest in the world in terms of market exchange rates and the sixth or eighth largest by purchasing power parity (PPP). It was the second largest economy in Europe after Germanys in the same year, but has since fallen behind France on a nominal basis due to the fall of the pound against the euro, Its GDP per capita in 2007 was the 22nd highest in the world. The United Kingdom is also a member of G8, the Organization for Economic Co-operation and Development, and the Europ
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