The economy of Great Britain

Great Britain is primarily an industrial and commercial nation. Major industries this is transportation, communications, steel, petroleum, coal, gas, and electricity. The country is a world leader in international trade. In January 1973, Great Britain became a member of the European Community (now called the European Union). Annual national budget revenues in the early 1990s were estimated at $325.5 billion, and expenditures were $400.9 billion. Britain's unemployment exceeded 10 percent of the workforce in the early 1990s.