Key econ stats for 2023 exams

Question 1

What is the CPI inflation rate for 2023, as of March?

Answer 1

10.1%

Question 2

What is the Real GDP growth in 2021 and 2022?

Answer 2

7.6%
4.1%

Question 3

What is the Bank of England Base rate as of March 2023?

Answer 3

4.25%

Question 4

What is the unemployment rate of 2023?

Answer 4

3.8% of the labour force

Question 5

What is the wage growth?

Answer 5

5.7% annual growth

Question 6

What is the yield on 10-year gov debt?

Answer 6

3.4%

Question 7

What is the sterling dollar exchange rate?

Answer 7

£1 - $1.25

Question 8

What is the NMW?

Answer 8

£10.42 (aged 23yrs +)

Question 9

What is the budget deficit in 2021 and 2022?

Answer 9

15% of GDP
5.2% of GDP

Question 10

What is the UK’s national debt?

Answer 10

£2.2 trillion, equiv to 100% of GDP

Question 11

What is the tax burden by 2027?

Answer 11

Increasing to 38% (post-war high)

Question 12

What is the trade deficit in goods in 2022?

Answer 12

£231 billion

Question 13

What is the trade surplus in services in 2022?

Answer 13

£144 billion

Question 14

What is the current account deficit in 2022?

Answer 14

3.8% of GDP, rising.

Question 15

What is the UK competitiveness ranking in 2021 and 2022?

Answer 15

18th
23rd

Question 16

What is the GDP per capita (PPP) in the UK, USA and Ireland?

Answer 16

$46,000
$70K
$90K