It’s been a long time since I did one of my Maps posts and I thought I would break the ice again having found this map during the summer.
Everyone knows how London is a massive wealth creator and indeed wealth magnet but until I found this map, it was hard to relate just how much this is the case.
The map illustrates just how massive the London economy is by comparing it to areas of Europe that have a comparative economic size which in 2018 was a GDP of £487 billion ($600 billion).
It’s quite incredible that London has an economy the size of several countries. What I find even more amazing is that the handful of counties just above and to the east of London (East Anglia) is similar despite much of it being very rural in nature.
London also dominates the UK economy having 13.4% of the UK population but its GDP is 22.8%.
When looked at on a per capita basis the difference is even more stark. The UK’s GDP per head (including London) in 2018 was £31,976 ($39,551) or £28,736 ($35,532) per head when London is excluded. However, London’s GDP per head is £54,686 ($67,619) or 90% higher than the rest of the UK which no doubt goes some way to show the feeling of being left behind that many feel further north in the country,