The United Kingdom has the world's fifth-largest economy by nominal gross domestic product (GDP), and the tenth-largest by purchasing power parity (PPP). It has a high-income economy and a very high human development index rating, ranking 13th in the world. The UK became the world's first industrialised country and was the world's foremost power during the 19th and early 20th centuries. Today the UK remains one of the world's great powers, with considerable economic, cultural, military, scientific, technological and political influence internationally. It is a recognised nuclear state and is ranked fourth globally in military expenditure. It has been a permanent member of the United Nations Security Council since its first session in 1946.