UK Statistics Flashcards
Annual Growth Rate (2018):
1.4%
Quarterly Growth Rate Q4 (2018):
0.2%
Growth Forecasts (2019):
1.2%
Output Gap:
predicted 0.2% of GDP (OBR)
Real GDP per capita:
£29,000
Total GDP:
£2 Trillion
Agriculture (GDP%)
1%
Construction (GDP%)
6%
Manufacturing (GDP%)
14%
Services (GDP%)
79%
Unemployment Rate
3.9%
Youth Unemployment Rate
11%
Long term unemployment
1.1%
Wage Growth
3.4%
Consumer Confidence
Weakening
Income tax bands:
0% (up to £12,500), 20% (£12,500 to £50,000), 40% (£50,000 to £150,000), 45% (£150,000
Income tax bands (2010):
0% (up to £6,500), 20% (£6,500 to £37,800)
CPI inflation rate:
1.9%
Core inflation:
1.8%
Producer Price inflation:
2.4%
Inflation expectations
2.7%
Current Account deficit
4.4% of GDP
State of productivity and investment
Weak
State of Eurozone Economy
Slowing - Annual growth of 1%
State of the US economy
High employment - Annual growth of 3%
What is Core inflation rate?
A measure of inflation without price volatile goods e.g. fuel, oil, gas, food and clothes prices
UK productivity compared with the average of G7 countries:
19% lower
Since the crisis what has happened to UK productivity?
Remained low
Budget Deficit
2% - Expected to fall to 0.8% (2023)
National Debt
83% - expected to fall to 74% (2023)
Corporation tax
19%
VAT
20%
Base interest rate
0.75%
Average lending rate
1%
The behaviour of the housing market
Flat - low to zero growth
