2025 Macroeconomy Stats Flashcards
What is the annual economic growth for 2024?
1.1%
What is the annual growth forecast?
1%
What is the output gap?
-0.6%
What is the GDP per capita?
£36,000
What is the total GDP?
£2.85 trillion (services - 79%, manufacturing - 14%)
What is the unemployment rate?
4.4%
What is the economic inactivity rate?
21%
What is the employment rate?
75%
What is the consumer confidence level?
weak
What is the CPI?
2.6%
What are the inflation expectations?
3.9%
What is the wage growth rate?
5.9%
What is the current account deficit as a percentage of GDP?
2.6%
What is the state of productivity and investment?
poor
What is the minimum wage?
£12.21
What is the exchange rate for £1 to USD?
£1 = $1.32
US trade is slowing
What is the exchange rate for £1 to Euro?
£1 = €1.16
European trade is stagnating
What is the budget deficit as a percentage of GDP?
4.8% of GDP (£140 billion)
What is the national debt as a percentage of GDP?
95.5% of GDP
What are the income tax bands?
£12,500 tax free, then 20%, 40%, 45% - frozen until April 2028
What is the corporation tax rate?
25%
What is the VAT rate?
20%
What is the Gini coefficient?
0.35
What is the base interest rate?
4.5%
What is the average lending rate?
4.75%
What is the banks’ willingness to lend?
good
What is the consumer confidence level in interest rates?
very weak
What is the business confidence level?
very weak
What is the savings ratio?
12%
What is the amount of quantitative easing?
£895 billion
