2024 UK Economy Stats Flashcards
1
Q
Annual growth rate?
A
0.1% (2023)
2
Q
Quarterly growth rate?
A
-0.3% (Q4 2023)
3
Q
Annual growth forecast?
A
0.8% (2024)
4
Q
Output gap?
A
-0.1%
5
Q
GDP/capita
A
£36,000
6
Q
Total GDP and sector percentages?
A
≈£2.53 trillion
Services 79%
Manufacturing 14%
Construction 6%
Agriculture 1%
7
Q
Inflation rate (CPI)?
A
3.2%
(Was 11.1% in October 2022)
8
Q
Inflation expectations?
A
3.3%
9
Q
Wage growth?
A
5.6%
10
Q
Unemployment rate?
A
4.2%
11
Q
Employment rate?
A
74.5%
12
Q
Economic activity rate?
A
22.2%
13
Q
Job vacancies?
A
Falling (loose labour market)
14
Q
Youth unemployment?
A
11%
15
Q
Consumer confidence?
A
Very weak
16
Q
Current account deficit?
A
3.2% of GDP
17
Q
Productivity and investment?
A
Very poor
18
Q
Minimum wage?
A
£11.44/hour
19
Q
Exchange rate
A
Weak
£1≈$1.24
£1≈€1.16
20
Q
US and Euro areas?
A
US is strong
Euro is stagnating
