United Kingdom | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q1/15 Q2/15 2020 2030 2050
Currency 1.48 1.48 1.5 1.36 1.22 1.34 [+]
Government Bond 10Y 1.59 1.95 1.9 2.64 2.89 2.7 [+]
Stock Market 6895.33 6836 6827 6454 7000 5095 [+]
GDP Actual Q1/15 Q2/15 2020 2030 2050
GDP 2522.26 2616 2640 3119 3992 5736 [+]
GDP Growth Rate 0.50 0.62 0.65 0.66 0.66 0.66 [+]
GDP Annual Growth Rate 2.70 2.82 2.9 2.75 2.69 2.7 [+]
GDP Constant Prices 428347.00 429865 431150 533379 633379 750156 [+]
Gross National Product 1134.00 445292 448504 585122 637652 746658 [+]
GDP per capita 37955.11 38383 38492 40495 44146 51448 [+]
Gross Fixed Capital Formation 72626.00 73140 73919 77018 79094 82098 [+]
GDP per capita PPP 35013.27 35402 35503 37337 40683 47376 [+]
Labour Actual Q1/15 Q2/15 2020 2030 2050
Unemployment Rate 5.70 5.36 5.04 5.48 5.41 5.37 [+]
Employed Persons 29811.00 29928 30091 32767 33179 34451 [+]
Claimant Count Change -31.00 -31.82 -33.23 -31.27 -31.26 -31.26 [+]
Unemployed Persons 791.20 831 810 738 801 838 [+]
Job Vacancies 735.00 722 735 828 758 775 [+]
Long Term Unemployment Rate 2.10 2 2.1 1.5 1.5 1.7 [+]
Youth Unemployment Rate 16.10 14.41 13.78 13.66 13.67 12.67 [+]
Productivity 100.40 100 100 105 108 110 [+]
Wages 483.00 484 489 546 646 848 [+]
Wages in Manufacturing 565.00 569 573 618 700 865 [+]
Labour Costs 104.20 103 103 104 104 104 [+]
Population 64.31 64.41 64.51 66.64 69.97 75.04 [+]
Retirement Age Women 62.00 62.36 62.36 65 66 65 [+]
Retirement Age Men 65.00 65 65 66 66 65 [+]
Minimum Wages 6.70 6.5 6.5 8 9 9 [+]
Wage Growth 1.80 1.55 2.03 3.08 3.15 3.15 [+]
Prices Actual Q1/15 Q2/15 2020 2030 2050
Inflation Rate 0.00 0.4 0.6 2.38 2.8 2.92 [+]
Inflation Rate Mom 0.30 -0.01 -0.03 0.2 0.2 0.34 [+]
Consumer Price Index CPI 127.39 128 128 149 174 194 [+]
Core Inflation Rate 1.20 1.3 1.36 2 2 2.3 [+]
Harmonised Consumer Prices 127.07 128 129 131 136 146 [+]
Core Consumer Prices 123.82 124 124 133 153 173 [+]
GDP Deflator 105.43 106 107 116 139 154 [+]
Producer Prices Change -1.80 -1.17 -1.42 0.16 0.42 0.67 [+]
Export Prices 90.80 100 100 97 93 89.04 [+]
Import Prices 91.80 102 102 95 90 89.44 [+]
Food Inflation -3.30 -1.8 -0.2 2 2 1.68 [+]
Producer Prices 106.70 107 107 107 107 107 [+]
Money Actual Q1/15 Q2/15 2020 2030 2050
Interest Rate 0.50 0.5 0.5 4 5 6.85 [+]
Interbank Rate 0.53 0.6 0.9 4.5 5.97 7.03 [+]
Money Supply M0 71036.00 71319 72132 89706 120254 176390 [+]
Money Supply M1 1378018.00 1387876 1401545 1425140 1425142 1425142 [+]
Money Supply M2 1503240.00 1514019 1530543 1715498 1768879 1773068 [+]
Money Supply M3 2348442.00 2346514 2344885 2308675 2285306 2278180 [+]
Central Bank Balance Sheet 405132.00 402000 400000 300000 100000 405645 [+]
Foreign Exchange Reserves 113859.57 110370 110696 110998 111064 111065 [+]
Loans to Private Sector 9296.08 2057310 2105699 2200000 2400000 2119246 [+]
Banks Balance Sheet 3385402.00 3396159 3406306 3401047 3401047 3401047 [+]
Trade Actual Q1/15 Q2/15 2020 2030 2050
Balance of Trade -616.00 -1212 -1040 -1277 -2161 -3161 [+]
Exports 42314.00 42475 42626 42831 43924 45924 [+]
Imports 42930.00 43687 43666 44109 46085 49085 [+]
Current Account -27010.00 -27072 -27001 -23074 -26239 -23118 [+]
Current Account to GDP -4.40 -4.73 -4.77 -3.87 -3.5 -3 [+]
External Debt -450721.00 -437787 -431019 -437155 -437155 -437155 [+]
Terms of Trade 98.90 98.51 98.51 100 100 98.41 [+]
Foreign Direct Investment 5816.00 3134 4361 4019 4019 4019 [+]
Gold Reserves 310.25 310 310 310 310 310 [+]
Crude Oil Production 125870.00 767 555 779 848 843 [+]
Government Actual Q1/15 Q2/15 2020 2030 2050
Government Budget -5.80 -4.5 -4.57 -2.8 -2.72 -3 [+]
Government Debt to GDP 90.60 96 96 80 75 67.24 [+]
Government Budget Value 25.00 14769 10338 12740 12740 12740 [+]
Government Spending 87934.00 87987 87985 89980 91980 85980 [+]
Government Spending to GDP 46.90 46.02 45.87 40.93 40.93 44.93 [+]
Credit Rating 97.96 [+]
Government Debt -6216.00 -9896 -8383 -8627 -8627 -8627 [+]
Business Actual Q1/15 Q2/15 2020 2030 2050
Business Confidence 15.00 12.98 27.69 10 15 12.79 [+]
Manufacturing PMI 54.10 54.18 54.33 54.18 54.18 54.18 [+]
Services PMI 56.70 57.85 57.27 55.87 55.91 55.91 [+]
Industrial Production 1.30 0.52 0.29 0.78 0.78 0.78 [+]
Industrial Production Mom -0.10 -0.07 -0.1 0.24 0.49 0.74 [+]
Manufacturing Production 1.90 2.03 1.69 2.09 2.16 2.16 [+]
Capacity Utilization 83.10 82 82 80 80 82.88 [+]
New Orders 12133.00 12311 12402 12479 12479 12479 [+]
Changes in Inventories 3563.00 4242 4524 4135 4146 4146 [+]
Bankruptcies 3458.00 3305 3249 3327 3323 3323 [+]
Corporate Profits 95344.00 94800 94669 94813 94813 94813 [+]
Zew Economic Sentiment Index 14.00 9.33 5.74 15 15 12.5 [+]
Car Registrations 76958.00 166945 376028 200000 200000 231325 [+]
Factory Orders 0.00 [+]
Mining Production 3.20 -0.13 0.52 -1.1 -1.1 -1.1 [+]
Small Business Sentiment 12.00 8.58 [+]
Consumer Actual Q1/15 Q2/15 2020 2030 2050
Consumer Confidence 1.00 1 0.19 5.54 1.22 3.73 [+]
Retail Sales MoM 0.70 0.36 0.33 0.34 0.24 0.4 [+]
Retail Sales YoY 5.70 4.92 5.11 5.06 5.06 5.06 [+]
Consumer Spending 274455.00 275651 276446 328480 358795 388796 [+]
Disposable Personal Income 277440.00 280622 281400 311230 351230 381230 [+]
Personal Savings 7.00 4.68 4.7 6 6 7.81 [+]
Bank Lending Rate 1.50 1.61 1.8 5 6 6.36 [+]
Consumer Credit 817.00 846 858 967 1267 1467 [+]
Gasoline Prices 1.67 1.7 1.8 1.86 1.65 1.75 [+]
Housing Actual Q1/15 Q2/15 2020 2030 2050
Housing Index 622.60 631 638 760 960 1221 [+]
Housing Starts 24990.00 28087 31651 30651 35623 40624 [+]
Construction Output -3.30 1.54 0.37 -0.98 -0.98 -0.98 [+]
Mortgage Approvals 60.80 57.16 55.44 58.81 59.29 59.31 [+]
Taxes Actual Q1/15 Q2/15 2020 2030 2050
Corporate Tax Rate 21.00 19.83 19.45 15.72 15.08 15.06 [+]
Personal Income Tax Rate 45.00 45 45 45 45 45 [+]
Sales Tax Rate 20.00 20 20 17 17 20 [+]
Social Security Rate 25.80 25.81 25.81 25.81 25.82 25.82 [+]
Social Security Rate For Companies 13.80 13.8 13.8 13.81 13.81 13.81 [+]
Social Security Rate For Employees 12.00 12.01 12.01 12.01 12.01 12.01 [+]