Macroeconomics Key Data Flashcards
1
Q
Current Inflation Rate
A
3.2% CPI
2
Q
Target Inflation Rate
A
2% CPI
3
Q
Previous high inflation rate
A
10.1% CPI
4
Q
Real GDP Growth
A
0.1%
5
Q
Bank of England Base Rate
A
5.25%
6
Q
Unemployment Rate
A
4.3%
7
Q
Yield on 10-year government debt
A
4.2%
8
Q
Sterling to dollar exchange rate
A
£1 = $1.24
9
Q
Budget deficit (2023-2024)
A
4.2% GDP
10
Q
National debt
A
£2.2 Trillion - 98% of GDP
11
Q
Expected Tax burden
A
38% of GDP by 2027 (post war high)
12
Q
Trade deficit in goods and services
A
£37 billion
13
Q
UK Humans Development Ranking
A
15th
14
Q
Competitiveness ranking in 2022
A
23rd
15
Q
GDP (gross domestic product) per capita 2023
A
£36,000
