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chusetts Avenue NW, Washington, DC 20008 telephone : [1] (202) 588-6500 FAX: [1] (202) 588-7870 consulate(s) general: Atlanta, Boston, Chicago, Cleveland, Houston, Los Angeles, New York, and San Francisco consulate(s): Dallas, Miami, and Seattle Diplomatic representation from the US: chief of mission: Ambassador William J. CROWE, Jr. embassy: 24/31 Grosvenor Square, London, W. 1A1AE mailing address: PSC 801, Box 40, London; FPO AE 09498-4040 telephone: [44] (71) 499-9000 FAX : [44] (71) 409-1637 consulate(s) general: Belfast, Edinburgh Flag description: blue with the red cross of Saint George (patron saint of England) edged in white superimposed on the diagonal red cross of Saint Patrick (patron saint of Ireland) which is superimposed on the diagonal white cross of Saint Andrew (patron saint of Scotland); known as the Union Flag or Union Jack; the design and colors (especially the Blue Ensign) have been the basis for a number of other flags including dependencies, Commonwealth countries, and others Economy Economy - overview: The UK is one of the world's great trading powers and financial centers, and its essentially capitalistic economy ranks among the four largest in Western Europe. Over the past 17 years the ruling Tories have greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with only about 1% of the labor force. The UK has large coal, natural gas, and oil reserves; primary energy production accounts for 12% of GDP, one of the highest shares of any industrial nation. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance, now employing only 25% of the work force. The economy registered 3.9% GDP growth in 1994, the best rate for six years, but slipped back to 2.7% in 1995 and 2.4% in 1996. Exports and manufacturing output have been the primary engines of growth. Unemployment is gradually falling. Inflation is a comfortable 2.6%. A major economic policy question for the UK in the late 1990s is the terms on which it participates in the financial and economic integration of Europe. GDP: purchasing power parity - $1.19 trillion (1996 est.) GDP - real growth rate: 2.4% (1996 est.) GDP - per capita: purchasing power parity - $20,400 (1996 est.)
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