United Kingdom | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 1.56 1.57 1.56 1.55 1.54 1.5 [+]
Government Bond 10Y 1.94 2.2 2.3 2.3 2.4 3.64 [+]
Stock Market 6588.91 6487 6353 6232 6489 6973 [+]
2 Year Note Yield 0.61 [+]
30 Year Bond Yield 2.65 [+]
5 Year Note Yield 1.48 1.62 1.67 1.72 1.78 2.63 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 2941.89 3047 3069 3061 3053 3406 [+]
GDP Growth Rate 0.70 0.52 0.56 0.49 0.49 0.5 [+]
GDP Annual Growth Rate 2.60 2.68 3.21 2.58 2.56 2.72 [+]
GDP Constant Prices 436026.00 435977 437323 438707 440123 533379 [+]
Gross National Product 444819.00 448699 537357 453138 454792 585122 [+]
GDP per capita 40967.70 37664 37570 37572 37575 41332 [+]
Gross Fixed Capital Formation 76099.00 76888 77289 77823 78213 84047 [+]
GDP per capita PPP 37613.54 38397 38793 38828 38862 37928 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 5.60 5.5 5.6 5.14 5.06 4.71 [+]
Employed Persons 29852.00 29904 29933 29950 29953 32767 [+]
Claimant Count Change 7.00 -0.42 0.29 -0.24 -0.86 -0.82 [+]
Unemployed Persons 804.20 791 761 757 746 738 [+]
Job Vacancies 726.00 741 751 753 732 768 [+]
Long Term Unemployment Rate 1.80 2 2.03 1.9 1.8 1.5 [+]
Youth Unemployment Rate 15.70 15.45 15.37 15.3 15.1 14.07 [+]
Productivity 101.10 100 103 101 102 105 [+]
Wages 492.00 491 491 491 491 536 [+]
Wages in Manufacturing 567.00 572 572 572 572 688 [+]
Labour Costs 103.80 104 105 105 105 108 [+]
Population 64.77 64.96 65.16 65.3 65.45 68.15 [+]
Retirement Age Women 62.33 62.33 62.33 62.33 62.33 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Minimum Wages 6.50 6.5 6.5 6.5 7.2 9 [+]
Wage Growth 3.20 2.52 2.75 2.72 2.82 3.19 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 0.00 0.2 0.5 0.6 0.8 2.38 [+]
Inflation Rate Mom 0.00 0.1 0.21 0.15 0.01 0.2 [+]
Consumer Price Index CPI 128.23 129 129 128 129 149 [+]
Core Inflation Rate 0.80 1.15 1.25 1.1 1.16 2 [+]
Harmonised Consumer Prices 128.23 128 129 128 127 146 [+]
Core Consumer Prices 124.52 125 125 125 125 133 [+]
GDP Deflator 105.85 106 107 107 108 116 [+]
Producer Prices Change -1.50 -0.5 0 0.3 0.5 1.3 [+]
Export Prices 91.00 91.2 101 91.2 91.2 97 [+]
Import Prices 91.60 91.26 102 90.86 90.75 95 [+]
Food Inflation -2.20 -0.8 -0.2 0.2 0.5 2 [+]
Producer Prices 107.10 109 110 111 112 126 [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 0.50 0.5 0.5 0.75 0.75 4 [+]
Interbank Rate 0.55 0.55 0.55 0.8 0.8 4.5 [+]
Money Supply M0 72299.00 72863 73669 74466 75264 89427 [+]
Money Supply M1 1402911.00 1422439 1429634 1434530 1437897 1444427 [+]
Money Supply M2 1519394.00 1540913 1557400 1574015 1590628 1881936 [+]
Money Supply M3 2360848.00 2358985 2359418 2359468 2359526 2360357 [+]
Central Bank Balance Sheet 405132.00 405481 400000 405562 405592 300000 [+]
Foreign Exchange Reserves 122936.50 128469 128572 128324 127975 130992 [+]
Loans to Private Sector 2157555.00 2135060 2029926 2116752 2107843 2200000 [+]
Banks Balance Sheet 3386639.00 3389529 3389234 3388747 3388562 3388660 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -393.00 -2024 -1948 -1947 -2021 -2020 [+]
Exports 43047.00 41890 41471 41064 40669 42639 [+]
Imports 43440.00 43197 42846 42503 42168 43842 [+]
Current Account -26548.00 -29217 -27800 -27824 -28017 -27983 [+]
Current Account to GDP -5.50 -4.08 -3.89 -3.83 -3.77 -3.87 [+]
External Debt -289323.00 -316228 -317078 -320961 -334583 -332351 [+]
Terms of Trade 99.30 99.11 98.25 99.17 99.18 100 [+]
Foreign Direct Investment 27211.00 12630 8393 7626 8734 9325 [+]
Gold Reserves 310.29 310 310 310 310 311 [+]
Crude Oil Production 849.00 696 807 729 729 729 [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -5.70 -4.74 -3.5 -5.33 -5.01 -2.8 [+]
Government Debt to GDP 89.40 91.19 91.5 92.15 92.23 85 [+]
Government Budget Value 13914.00 10608 11172 13037 4077 4022 [+]
Government Spending 88546.00 88790 89101 89370 89581 89980 [+]
Government Spending to GDP 44.40 46.75 46.23 46.21 46.19 46.05 [+]
Credit Rating 97.96 [+]
Government Debt -8584.00 -6380 -8326 -9270 -5356 -5353 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 8.00 3 9.16 12.75 5.28 10 [+]
Manufacturing PMI 51.40 51.16 51.51 51.47 51.42 53.94 [+]
Services PMI 58.50 58.57 56.54 58.76 58.23 58.23 [+]
Industrial Production 2.10 0.66 0.5 0.41 0.35 1.06 [+]
Industrial Production Mom 0.40 0.11 0.1 0.09 0.08 0.07 [+]
Manufacturing Production 1.00 0.22 0.56 0.5 1.56 0.58 [+]
Capacity Utilization 82.30 81.66 82 81.46 80.66 82 [+]
New Orders 12421.00 12637 12173 12475 12265 12360 [+]
Changes in Inventories 4041.00 2592 2073 2308 2110 1502 [+]
Bankruptcies 4052.00 4221 4277 4268 4309 4340 [+]
Corporate Profits 100941.00 101942 101631 103051 103400 105730 [+]
Zew Economic Sentiment Index 18.20 14.58 10 14.54 14.62 15 [+]
Car Registrations 257817.00 382264 190000 400806 210817 200000 [+]
Car Production 143759.00 [+]
Competitiveness Index 5.41 5.34 5.34 5.37 5.37 5.28 [+]
Competitiveness Rank 9.00 6.64 6.64 6.64 6.64 6.78 [+]
Corruption Index 78.00 77.4 78.18 78.15 78.11 78.09 [+]
Corruption Rank 14.00 12.38 11.86 11.91 11.97 12.34 [+]
Ease of Doing Business 8.00 8 7.73 7.7 7.66 7.44 [+]
Factory Orders -10.00 -9.9 -11.6 -12.88 -13.93 -19.59 [+]
Mining Production 7.30 1.37 0.62 0.15 -0.18 -1 [+]
Small Business Sentiment 4.00 1.82 0.13 1.18 12.18 5.33 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence 7.00 0.73 4.94 4.14 3.4 5.54 [+]
Retail Sales MoM -0.20 0.25 -0.04 0.21 0.26 0.34 [+]
Retail Sales YoY 4.00 3.87 3.95 3.62 3.48 2.77 [+]
Consumer Spending 279428.00 282675 284255 285669 287109 328480 [+]
Disposable Personal Income 278959.00 291577 293321 295307 298659 311230 [+]
Personal Savings 4.90 5.78 4 5.67 5.66 6 [+]
Bank Lending Rate 1.50 1.58 4.5 1.74 1.82 5 [+]
Consumer Credit 1220.00 1063 1049 1053 1053 967 [+]
Gasoline Prices 1.83 1.8 1.87 1.76 1.76 1.86 [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 648.20 645 640 657 661 760 [+]
Housing Starts 40340.00 41297 33490 40383 39559 39843 [+]
Construction Output 1.30 4.22 3.53 5.07 4.72 4.7 [+]
Mortgage Approvals 66.58 64.2 64.96 64.47 64.36 64.43 [+]
Construction Pmi 58.10 [+]
Home Ownership Rate 64.60 62.23 62.11 62.01 61.94 62.34 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 20.00 20 20 20 20 18 [+]
Personal Income Tax Rate 45.00 44.26 44.26 44.12 43.99 46.21 [+]
Sales Tax Rate 20.00 17.19 20 17.19 17.19 17 [+]
Social Security Rate 25.80 25.8 25.8 25.8 25.8 25.8 [+]
Social Security Rate For Companies 13.80 13.8 13.8 13.8 13.8 14.37 [+]
Social Security Rate For Employees 12.00 12 12 12 12 12.66 [+]



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. 7/29/2015