United Kingdom: Economic globalization

(measure: points; Source: The Swiss Institute of Technology in Zurich)
* indicates monthly or quarterly data series

United Kingdom: Economic globalization index (0-100), 1970 - 2018:

For that indicator, we provide data for the United Kingdom from 1970 to 2018. The average value for the United Kingdom during that period was 73.08 points with a minimum of 50.61 points in 1970 and a maximum of 81.91 points in 2018. The latest value from 2018 is 81.91 points. For comparison, the world average in 2018 based on 188 countries is 58.85 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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The KOF Economic Globalization Index for the United Kingdom and other countries has two dimensions. First, it measures the economic flows between the United Kingdom and the rest of the world in terms of international trade and international investment. The question is whether the United Kingdom exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100.

Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls. More information and the original data can be obtained here.
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