United Kingdom | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.50 0.5 0.6 0.5 0.4 0.5 percent [+]
Unemployment Rate 5.10 4.8 4.6 4.5 4.3 6.5 percent [+]
Inflation Rate 0.20 0.4 0.5 0.7 0.8 2.1 percent [+]
Interest Rate 0.50 0.5 0.5 0.5 0.5 3.5 percent [+]
Balance of Trade -2709.00 -3150 -3092 -3064 -3060 -3062 GBP Million [+]
Government Debt to GDP 88.60 90.04 89.02 87.99 86.97 84.9 percent [+]
Markets Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Currency 1.45 1.45 1.42 1.4 1.39 1.75 [+]
Stock Market 5544.28 5770 5590 5410 5300 7360 points [+]
Government Bond 10Y 1.31 1.86 1.91 2 2.09 2.73 percent [+]
GDP Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.50 0.5 0.6 0.5 0.4 0.5 percent [+]
GDP Annual Growth Rate 1.90 2.5 2.6 2.4 2.3 3 percent [+]
GDP 2988.89 3110 3110 3110 3117 3102 USD Billion [+]
GDP Constant Prices 450239.00 452183 454298 456494 458770 498837 GBP Million [+]
Gross National Product 464785.00 469028 472569 476089 479598 535766 GBP Million [+]
Gross Fixed Capital Formation 77415.00 77823 78213 79290 79645 84673 GBP Million [+]
GDP per capita 40967.70 40971 41183 41395 41608 44334 USD [+]
GDP per capita PPP 37613.54 37579 37595 37611 37628 34364 USD [+]
GDP From Agriculture 2953.00 2955 2955 2956 2956 2956 GBP Million [+]
GDP From Construction 24333.00 24352 24334 24308 24310 24301 GBP Million [+]
GDP From Manufacturing 38624.00 38614 38673 38694 38718 38710 GBP Million [+]
GDP From Mining 7815.00 7918 7978 7972 8009 8292 GBP Million [+]
GDP From Public Administration 18788.00 18748 18688 18625 18591 18390 GBP Million [+]
GDP From Services 320602.00 322536 324371 326088 327755 351808 GBP Million [+]
GDP From Transport 17664.00 17663 17660 17642 17642 17628 GBP Million [+]
Labour Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Unemployment Rate 5.10 4.8 4.6 4.5 4.3 6.5 percent [+]
Employed Persons 30179.00 30195 30484 30573 30651 31108 Thousand [+]
Unemployed Persons 785.90 757 746 743 732 654 Thousand [+]
Part Time Employment 8428.00 8431 8282 8142 8434 8434 Thousand [+]
Full Time Employment 22960.00 23108 23185 23252 23308 23920 Thousand [+]
Claimant Count Change -4.30 -3.52 -3.55 -3.58 -3.61 -3.62 Thousand [+]
Employment Rate 74.00 74.41 74.61 74.79 74.94 75.8 percent [+]
Labor Force Participation Rate 78.10 78.18 78.21 78.22 78.23 78.25 percent [+]
Long Term Unemployment Rate 1.50 1.9 1.8 1.7 1.9 2 percent [+]
Youth Unemployment Rate 13.50 12.76 13.1 12.08 11.83 10.77 percent [+]
Labour Costs 101.50 101 101 102 102 106 Index Points [+]
Productivity 102.20 102 103 103 103 103 Index Points [+]
Job Vacancies 756.00 753 732 784 788 800 Thousand [+]
Wages 494.00 497 499 501 503 537 GBP/Week [+]
Wages in Manufacturing 573.00 579 582 584 587 624 GBP/Week [+]
Wage Growth 2.00 2.53 2.48 2.57 2.64 3.1 percent [+]
Minimum Wages 6.70 7.2 7.2 7.2 7.2 8.2 GBP/Hour [+]
Population 64.77 64.65 64.91 65.17 65.43 68.71 Million [+]
Retirement Age Women 62.33 62.33 62.33 62.33 62.33 62.33 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Wages Low Skilled 1200.00 1200 1200 1200 1200 1200 GBP/Month [+]
Wages High Skilled 2080.00 2089 2098 2106 2114 2179 GBP/Month [+]
Average Weekly Hours 32.10 32.05 32.03 32.05 32.04 32.04 Hours [+]
Employment Change 0.60 0.27 0.48 0.29 0.37 0.35 percent [+]
Prices Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Inflation Rate 0.20 0.4 0.5 0.7 0.8 2.1 percent [+]
Inflation Rate Mom 0.10 0.2 0.05 0.1 0.3 0.5 percent [+]
Harmonised Consumer Prices 128.45 128 128 128 128 128 Index Points [+]
Consumer Price Index CPI 128.50 129 130 129 129 132 Index Points [+]
Core Consumer Prices 122.60 122 122 123 124 132 Index Points [+]
Core Inflation Rate 1.40 1.1 1.42 1.44 1.45 1.56 percent [+]
GDP Deflator 104.48 105 105 105 105 107 Index Points [+]
Producer Prices Change -1.20 -0.8 -0.5 0.3 0.2 1.5 percent [+]
Export Prices 86.50 86.39 86.35 86.35 86.35 86.35 Index Points [+]
Import Prices 87.40 86.11 85.45 84.9 84.43 81.97 Index Points [+]
Food Inflation -2.90 -1.5 -1 -0.5 -0.2 1.5 percent [+]
Producer Prices 105.80 107 107 107 108 119 Index Points [+]
Money Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Interest Rate 0.50 0.5 0.5 0.5 0.5 3.5 percent [+]
Interbank Rate 0.59 0.55 0.8 0.78 0.99 4.57 percent [+]
Money Supply M0 74494.00 75069 76063 77076 78106 97207 GBP Million [+]
Money Supply M1 1464173.00 1494700 1526780 1560059 1594567 2341680 GBP Million [+]
Money Supply M2 1580655.00 1602393 1626048 1650217 1674904 2144495 GBP Million [+]
Money Supply M3 2392524.00 2383352 2392882 2402531 2412296 2582280 GBP Million [+]
Banks Balance Sheet 3359937.00 3372284 3354818 3337656 3320784 3078008 GBP Million [+]
Central Bank Balance Sheet 405132.00 404815 404815 404815 404815 404815 GBP Million [+]
Foreign Exchange Reserves 135180.88 135733 138283 140531 142729 175340 USD Million [+]
Loans to Private Sector 2153515.00 2158245 2162855 2165493 2165355 2177522 GBP Million [+]
Deposit Interest Rate 4.48 3.97 3.97 3.96 3.96 4.13 percent [+]
Trade Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Balance of Trade -2709.00 -3150 -3092 -3064 -3060 -3062 GBP Million [+]
Exports 41801.00 41760 41767 41767 41767 41767 GBP Million [+]
Imports 44510.00 44543 44553 44554 44554 44554 GBP Million [+]
Current Account -17457.00 -18730 -18519 -18199 -17817 -14467 GBP Million [+]
Current Account to GDP -5.00 -4.68 -4.95 -5.23 -5.51 -5.49 percent [+]
External Debt -348783.00 -343276 -345329 -341958 -343605 -343522 GBP Million [+]
Terms of Trade 99.00 98.71 98.71 98.72 98.72 98.72 Index Points [+]
Foreign Direct Investment 22369.00 13864 2954 14453 11418 11627 GBP Million [+]
Capital Flows 26602.00 16797 14234 22665 22251 19359 GBP Million [+]
Gold Reserves 310.29 310 310 310 310 310 Tonnes [+]
Crude Oil Production 26.00 392 388 389 390 389 BBL/D/1K [+]
Terrorism Index 5.61 5.61 5.61 5.61 5.61 5.61 [+]
Government Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Government Debt to GDP 88.60 90.04 89.02 87.99 86.97 84.9 percent [+]
Government Budget -4.40 -3.7 -3.7 -4.55 -4.09 -1.23 percent of GDP [+]
Government Budget Value 8131.00 9144 8134 6843 6370 4612 GBP Million [+]
Government Spending 90997.00 91489 91880 92220 92541 97228 GBP Million [+]
Government Spending to GDP 44.40 43.77 43.97 44.17 44.37 45.65 percent [+]
Government Debt -6871.00 -6739 -6797 -6667 -6815 -7171 GBP Million [+]
Credit Rating 94.52 [+]
Asylum Applications 5040.00 4995 4862 5012 4864 4864 persons [+]
Business Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Business Confidence -4.00 -15 5.28 0.02 -1.85 -1.61 [+]
Manufacturing PMI 52.90 52 51.4 52.1 51.2 53.1 [+]
Services PMI 55.60 55.6 53.7 53.8 55.4 54.1 Index Points [+]
Industrial Production -0.40 -0.52 -0.85 -1.34 -0.61 -0.17 percent [+]
Industrial Production Mom -1.10 -0.15 -0.05 -0.04 -0.04 -0.04 percent [+]
Manufacturing Production -1.70 0.5 1.56 7.04 8.66 17.98 percent [+]
Capacity Utilization 80.30 79.69 80.07 80.05 80.03 80.08 percent [+]
New Orders 12593.00 12569 12497 12547 12516 12527 GBP Million [+]
Factory Orders -15.00 -9.96 -11.17 -11.63 -11.8 -11.87 Net Balance [+]
Changes in Inventories 722.00 3182 208 535 597 275 GBP Million [+]
Bankruptcies 3495.00 3396 3353 3283 3289 3245 Companies [+]
Corporate Profits 105019.00 105207 104614 105959 106172 116243 GBP Million [+]
Zew Economic Sentiment Index -0.10 -2.8 -4.23 -4.63 -4.69 -4.73 [+]
Car Production 114842.00 137801 134725 131969 130910 131433 Units [+]
Car Registrations 169678.00 220768 199808 214634 213701 213317 Cars [+]
Small Business Sentiment -5.00 1.18 12.18 -1 -2.87 -2.79 [+]
Mining Production 7.40 3.65 1.88 9.08 9.05 9.04 percent [+]
Competitiveness Index 5.43 5.45 5.45 5.45 5.45 5.42 Points [+]
Competitiveness Rank 10.00 10.49 10.49 10.49 10.49 13.76 [+]
Corruption Index 81.00 79.94 80.29 80.65 81.01 85.72 Points [+]
Corruption Rank 10.00 9.29 9.3 9.3 9.31 8.03 [+]
Ease of Doing Business 6.00 7.29 7.29 7.29 7.29 8.28 [+]
Consumer Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Consumer Confidence 4.00 3 2 4 3.55 3.55 [+]
Retail Sales MoM -1.00 0.11 0.27 0.28 0.28 0.28 percent [+]
Retail Sales YoY 2.60 3.02 3.07 3.05 3.01 2.81 percent [+]
Consumer Spending 291746.00 295531 297154 298633 299985 310239 GBP Million [+]
Disposable Personal Income 292626.00 296122 298178 300608 302936 342708 GBP Million [+]
Personal Savings 4.40 4.42 4.46 4.43 4.45 4.44 percent [+]
Bank Lending Rate 1.50 1.75 1.75 1.5 1.5 1.5 percent [+]
Consumer Credit 1169.00 1283 1281 1280 1280 1280 GBP Million [+]
Gasoline Prices 1.46 1.39 1.42 1.44 1.43 1.72 USD/Liter [+]
Households Debt To Gdp 85.90 84.16 83.65 83.17 82.71 77.31 percent of GDP [+]
Households Debt To Income 126.60 126 126 127 127 125 percent [+]
Housing Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Housing Starts 36530.00 39913 36918 36483 31904 35211 [+]
Construction Output -1.10 0.05 0.84 0.6 0.28 0.03 percent [+]
Housing Index 687.53 696 714 729 741 807 Index Points [+]
Mortgage Approvals 70.80 71.17 71 71.14 71.03 71.08 Thousand [+]
Construction Pmi 55.00 54.31 55.68 54.26 54.26 54.26 [+]
Home Ownership Rate 64.80 64.5 64.5 64.5 65 65.05 percent [+]
Taxes Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 45.00 45 45 45 45 45 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 25.80 25.8 25.8 25.8 25.8 25.8 percent [+]
Social Security Rate For Companies 13.80 13.8 13.8 13.8 13.8 13.8 percent [+]
Social Security Rate For Employees 12.00 12 12 12 12 12 percent [+]





Economic Forecasts for the United Kingdom including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the the United Kingdom economy. 2/12/2016