An updated one page handout covering key economic data numbers for the UK economy

1. Key Data on the UK Economy
Updated: April 2014, Source: ONS, OECD, IMF, HM-Treasury, Bank of England
Indicator Data for 2013 Latest figure or 2014
forecast
Real GDP growth (% change) 1.9 0.7% (Q4, 2013)
Unemployment rate (LFS measure) (%) 7.6 6.9%
Unemployment total (LFS measure) 2,456,000
Employment rate (LFS) % of population of working age 71.5
CPI inflation rate (%) 2.5 1.6
Budget (fiscal) deficit (% of GDP) -6.1
Balance of Payments (% of GDP) -3.7
Trade balance (goods and services, £bn) -25bn
Trade balance (goods, £bn) -108bn
Trade balance (services, £bn) +83bn
Current account balance (BoP, % of GDP) -3.4
Consumer spending (% change) 2.3
Fixed investment (% change) -0.5 (7.7% forecast for 2014)
Investment (% of GDP) 14.3
Manufacturing output (annual % change) -0.7
Policy interest rates (per cent) 0.5 0.5
Average mortgage interest rate (per cent) 4.4
Government budget balance (-ve figure shows fiscal deficit) -5.8
Bond yield (10 year government bond) 2.9
Global competitiveness ranking (World Economic Forum) 10th
(8th
in 2012)
Unfilled job vacancies 545,000
Wages and earnings (annual growth rate) 2.0 0.8
Household savings ratio (% of disposable income) 6.7
House Price Inflation (annual %), HBoS data 4.9
Crude oil price (US$ per barrel) average price $111
Labour productivity (% change in output per worker) -0.3
Youth unemployment rate (per cent) 20.9
Gross government debt to GDP ratio (%) 88.7
Net official development assistance (Aid) (% of GDP) 0.58
Total tax revenue (% of GDP) 35.5
Output gap (IMF estimate, % of potential GDP) -2.7
Extra resources and subject support from the Tutor2u team!
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