Macroeconomics Key Data Flashcards by David Okani

Q

Current Inflation Rate

A

3.2% CPI

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Q

Target Inflation Rate

A

2% CPI

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Q

Previous high inflation rate

A

10.1% CPI

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Q

Real GDP Growth

A

0.1%

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Q

Bank of England Base Rate

A

5.25%

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Q

Unemployment Rate

A

4.3%

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Q

Yield on 10-year government debt

A

4.2%

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Q

Sterling to dollar exchange rate

A

£1 = $1.24

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Q

Budget deficit (2023-2024)

A

4.2% GDP

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Q

National debt

A

£2.2 Trillion - 98% of GDP

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Q

Expected Tax burden

A

38% of GDP by 2027 (post war high)

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Q

Trade deficit in goods and services

A

£37 billion

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Q

UK Humans Development Ranking

A

15th

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Q

Competitiveness ranking in 2022

A

23rd

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Q

GDP (gross domestic product) per capita 2023

A

£36,000

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Q

Quarterly Growth Rate

A

-0.3% (Q4 2023)

Q

Annual Growth Forecast (expected)

A

0.8% (2024)

Q

Output Gap

A

-0.1%

Q

Employment rate

A

74.5%

Q

Economic inactivity Rate

A

22.2%

Q

Wage Growth

A

5.6%

Q

Job Vacancies

A

Falling (Loose, Labour Market

Q

Youth Unemployment

A

11%

Q

Consumer Confidence

A

Very Weak

Total GDP

£2.53 Trillion

Producer price Inflation

0.6%

Annual Wage Growth

5.7%

Current Account Deficit

3.2% GDP

Productivity and Investment

Very poor

Minimum Wage

£11.44 hourly

Sterling to Euro exchange rate

£1=€1.16

Euro Area

Stagnating

Quantitative Easing

£895 Billion

Corporation Tax

25%

VAT

20%

Gini Coefficient

0.357

Income tax bands

£0 to £12,570, 20%, 40%, 45%

Current Annual Growth

0.6 %