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UNITED KINGDOM RETAIL MARKET 11% of all enterprises in the UK are retailers. UK retail sales were £249 billion in 2005 with the retail sector generates almost 6% of the Gross Domestic Product of the UK. More than a third of consumer spending goes through shops. Sales over the internet account for less than 4% of total retail sales, despite strong growth in recent years. The retail industry employed 2.9 million people, as at the end of March 2006. This equates to 1 in 9 (11%) of the total UK workforce. Over the last five years, employment in retailing has grown by 141,000. KEY STATISTICS Population: 60,609,153 (July 2006 est.) Age structure: 0-14 years: 17.5% (male 5,417,663/female 5,161,714) 15-64 years: 66.8% (male 20,476,571/female 19,988,959) 65 years and over: 15.8% (male 4,087,020/female 5,477,226) (2006 est.) Population growth rate: 0.28% (2006 est.) GDP (purchasing power parity): $1.83 trillion (2005 est.) GDP - per capita (PPP): $30,300 (2005 est.) Unemployment rate: 4.7% (2005 est.) |
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