UK Growth Flashcards
1
Q
What was the annual growth rate in 2023?
A
0.1%
2
Q
How much did the economy shrink by in quarter 4 of 2023?
A
-0.3%
3
Q
What is the annual growth forecast for the economy for 2024?
A
0.8% (very low)
4
Q
Wage growth has caused GDP per capita to rise to…
A
£36,000
5
Q
What is the total GDP of the UK economy estimated to be
A
£2.52 billion
6
Q
What percentage does service sector output contribute to total GDP?
A
79% (very large)
7
Q
What percentage does Manufacturing contribute to total GDP?
A
14%
8
Q
What percentage does construction the economy contribute to total GDP?
A
6%
9
Q
What percentage does agricultural output contribute to total GDP?
A
1%
