United Kingdom | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 1.56 1.57 1.58 1.58 1.58 1.58 [+]
Government Bond 10Y 2.03 2 1.91 1.85 1.94 1.94 [+]
Stock Market 6608.59 6579 6545 6524 6504 6175 [+]
5 Year Note Yield 1.50 1.56 1.62 1.67 1.72 2.58 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 2522.26 2791 2856 2894 2933 2931 [+]
GDP Growth Rate 0.40 0.52 0.43 0.49 0.49 0.5 [+]
GDP Annual Growth Rate 2.90 2.68 2.41 2.58 2.56 2.72 [+]
GDP Constant Prices 432995.00 435977 437404 438707 440123 467266 [+]
Gross National Product 444819.00 448699 451418 453138 454792 463028 [+]
GDP per capita 37955.11 37664 37570 37572 37575 41332 [+]
Gross Fixed Capital Formation 76099.00 77036 77087 77123 77213 66047 [+]
GDP per capita PPP 35013.27 35042 35192 35223 35255 37898 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 5.50 5.3 5.22 5.14 5.06 4.71 [+]
Employed Persons 29887.00 29977 30014 30048 30076 29959 [+]
Claimant Count Change -6.50 -0.42 0.29 -0.24 -0.86 -0.82 [+]
Unemployed Persons 791.80 858 927 997 1060 1188 [+]
Job Vacancies 734.00 727 713 693 672 751 [+]
Long Term Unemployment Rate 1.90 1.55 1.44 1.36 1.26 0.56 [+]
Youth Unemployment Rate 15.70 15.45 15.37 15.3 15.25 15.07 [+]
Productivity 101.10 101 101 101 102 102 [+]
Wages 493.00 491 491 491 491 536 [+]
Wages in Manufacturing 572.00 572 572 572 572 718 [+]
Labour Costs 103.80 104 105 105 105 113 [+]
Population 64.60 64.96 65.16 65.31 65.45 68.19 [+]
Retirement Age Women 62.33 60.41 60.41 60.41 60.41 60.85 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Minimum Wages 6.50 6.5 7.5 7.5 6.68 8 [+]
Wage Growth 2.70 2.52 2.75 2.72 2.82 3.19 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 0.10 0.2 0.21 0.2 0.19 0.19 [+]
Inflation Rate Mom 0.20 0.1 0.21 0.21 0.01 0.2 [+]
Consumer Price Index CPI 128.20 128 128 128 129 129 [+]
Core Inflation Rate 0.90 0.99 1.05 1.11 1.16 0.93 [+]
Harmonised Consumer Prices 128.16 128 128 128 127 153 [+]
Core Consumer Prices 124.48 124 125 125 125 126 [+]
GDP Deflator 105.85 106 107 107 108 113 [+]
Producer Prices Change -1.60 -1.5 -1.46 -1.51 -1.49 -1.49 [+]
Export Prices 91.40 91.2 91.22 91.2 91.2 91.2 [+]
Import Prices 92.00 91.26 91.02 90.86 90.75 90.56 [+]
Food Inflation -1.80 -1.44 -1.47 -1.45 -1.47 -1.47 [+]
Producer Prices 107.10 107 107 107 107 107 [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 0.50 0.65 0.57 0.6 0.57 0.57 [+]
Interbank Rate 0.54 0.84 0.79 0.68 0.73 0.73 [+]
Money Supply M0 71770.00 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 405527 405562 405592 405645 [+]
Foreign Exchange Reserves 125449.77 128469 128572 128324 127975 130992 [+]
Loans to Private Sector 2157555.00 2135060 2123690 2116752 2107843 1968867 [+]
Banks Balance Sheet 3386639.00 3377992 3373363 3373617 3374230 3374230 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -1202.00 -2024 -1948 -1947 -2021 -2020 [+]
Exports 42564.00 41890 41471 41064 40669 42639 [+]
Imports 43766.00 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 -5 [+]
External Debt -354675.00 -316228 -317078 -320961 -334583 -332351 [+]
Terms of Trade 99.30 99.11 99.16 99.17 99.18 99.1 [+]
Foreign Direct Investment 11944.00 12630 8393 7626 8734 9325 [+]
Gold Reserves 310.29 310 310 310 310 311 [+]
Crude Oil Production 776.00 696 807 729 729 729 [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -5.70 -5.37 -5.64 -5.33 -5.01 -6.12 [+]
Government Debt to GDP 89.40 90.69 92.07 92.15 92.24 96.29 [+]
Government Budget Value 12383.00 10702 12239 14199 15630 11738 [+]
Government Spending 88546.00 88790 89101 89370 89581 93131 [+]
Government Spending to GDP 46.90 46.75 46.23 46.21 46.19 46.05 [+]
Credit Rating 97.96 [+]
Government Debt -9350.00 -6380 -8326 -9270 -5356 -5353 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 3.00 14.03 19.16 19.16 -7.59 10 [+]
Manufacturing PMI 51.40 51.16 51.51 51.47 51.42 51.44 [+]
Services PMI 56.50 56.41 54.25 56.35 55.83 55.82 [+]
Industrial Production 1.20 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 0.20 2.03 1.69 -0.05 0.05 0.72 [+]
Capacity Utilization 82.30 82 82 82 82.73 82 [+]
New Orders 12421.00 12637 12173 12475 12265 12360 [+]
Changes in Inventories 4041.00 2592 2073 2308 2110 1502 [+]
Bankruptcies 4052.00 4289 4426 4538 4564 4335 [+]
Corporate Profits 100941.00 101942 101631 103051 103400 114200 [+]
Zew Economic Sentiment Index 15.50 14.58 14.73 14.54 14.62 11.25 [+]
Car Registrations 198706.00 382264 190000 190000 356741 200000 [+]
Competitiveness Index 5.41 4.77 4.77 4.77 4.77 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 -7.00 -9.9 -11.6 -12.88 -13.93 -19.59 [+]
Mining Production 6.20 1.37 0.62 0.15 -0.18 -1 [+]
Small Business Sentiment 4.00 1.82 -0.13 -1.18 -2.18 -5.4 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence 7.00 5.84 4.94 4.14 3.4 -3.41 [+]
Retail Sales MoM 0.20 0.25 -0.04 0.21 0.26 0.26 [+]
Retail Sales YoY 4.60 3.87 3.95 3.62 3.48 2.77 [+]
Consumer Spending 279428.00 282675 284255 285669 287109 306629 [+]
Disposable Personal Income 277462.00 291577 293321 295307 298659 339932 [+]
Personal Savings 5.90 5.78 5.66 5.67 5.66 5.67 [+]
Bank Lending Rate 1.50 1.58 1.66 1.74 1.82 1.59 [+]
Consumer Credit 1001.00 1063 1049 1053 1053 1054 [+]
Gasoline Prices 1.83 1.8 1.87 1.86 [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 634.60 645 651 657 661 682 [+]
Housing Starts 40340.00 41297 33490 40383 39559 39843 [+]
Construction Output 1.50 4.22 3.53 5.07 4.72 4.7 [+]
Mortgage Approvals 64.40 64.2 64.96 64.47 64.36 64.43 [+]
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 23.00 26.73 26.73 26.73 26.73 27.42 [+]
Personal Income Tax Rate 45.00 44.26 44.26 44.13 43.99 46.22 [+]
Sales Tax Rate 20.00 17.19 17.19 17.19 17.19 19.85 [+]
Social Security Rate 25.80 23.31 23.31 23.31 23.31 25.81 [+]
Social Security Rate For Companies 13.80 13.14 13.14 13.14 13.14 14.37 [+]
Social Security Rate For Employees 12.00 11.15 11.15 11.15 11.15 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. 7/2/2015