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Economics > UK macroeconomic statistics > Flashcards

UK macroeconomic statistics Flashcards

1
Q

What is quarterly economic growth?

A

0.6%

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2
Q

What is annual economic growth?

A

0.2%

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3
Q

What is annual growth forecast for 2024?

A

0.8%

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4
Q

What is the output gap?

A

-0.1%

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5
Q

What is GDP per capita?

A

£36000

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6
Q

What is total GDP?

A

Approximately £2.53 trillion

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7
Q

What is the unemployment rate?

A

4.2%

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8
Q

What is the employment rate?

A

74.5%

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9
Q

What is economic inactivity rate?

A

22.2%

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10
Q

What is wage growth?

A

5.6%

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11
Q

What is the situation with job vacancies?

A

Falling (loose labour market)

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12
Q

What is youth unemployment?

A

11%

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13
Q

What is consumer confidence?

A

Very weak

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14
Q

What proportion of UK GDP is comprised of services, manufacturing, construction and agriculture?

A

Services 79%
Manufacturing 14%
Construction 6%
Agriculture 1%

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15
Q

What is the inflation rate?

A

3.2% (CPI)

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16
Q

What is core inflation rate?

A

4.2%

17
Q

What is producer price inflation?

A

0.6%

18
Q

What are inflation expectations?

A

3.3%

19
Q

What is the current account deficit as a percentage of GDP?

A

3.2%

20
Q

How strong are productivity and investment?

A

Very poor

21
Q

How strong is the pound?

A

Weak.
£1:$1.25

22
Q

What was the budget deficit as a percentage of GDP 2023-24?

A

4.2%

23
Q

What is national debt as a percentage of GDP?

A

98%

24
Q

What are bond yields?

A

4.2%

25
Q

When have income tax bands been frozen until?

A

2029

26
Q

What is national insurance?

A

8%

27
Q

What is corporation tax?

A

25%

28
Q

What is VAT?

A

20%

29
Q

What is the Gini Coefficient?

A

0.357

30
Q

What is the Bank of England base rate?

A

5.25%

31
Q

What is the average lending rate?

A

6.25%

32
Q

How could bank’s willingness to lend be described?

A

Good

33
Q

How can business confidence be described?

A

Poor

34
Q

What is the savings ratio?

A

10.5%

35
Q

What was the total sum of QE?

A

£895 billion

Economics (6 decks)

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