United Kingdom | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 1.50 1.55 1.59 1.59 1.59 1.59 [+]
Government Bond 10Y 1.71 1.9 1.9 2.64 2.89 2.7 [+]
Stock Market 7053.67 6823 6813 6973 8000 8161 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 2522.26 2571 2575 3119 3992 5736 [+]
GDP Growth Rate 0.60 0.62 0.65 0.63 0.63 0.63 [+]
GDP Annual Growth Rate 3.00 2.82 2.9 2.68 2.71 2.8 [+]
GDP Constant Prices 429673.00 434173 435890 533379 633379 750156 [+]
Gross National Product 442160.00 448870 451035 585122 637652 746658 [+]
GDP per capita 37955.11 38382 38431 40495 44146 51448 [+]
Gross Fixed Capital Formation 73618.00 74715 73888 80866 79094 82098 [+]
GDP per capita PPP 35013.27 35390 35431 37337 40683 47376 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 5.60 5.5 5.5 5.44 5.34 5.31 [+]
Employed Persons 29872.00 30060 30158 32767 33179 34451 [+]
Claimant Count Change -20.70 -31.82 -33.23 -27.71 -27.83 -27.83 [+]
Unemployed Persons 772.40 790 791 738 801 838 [+]
Job Vacancies 743.00 735 741 768 758 775 [+]
Long Term Unemployment Rate 1.90 2 2 1.5 1.5 2.09 [+]
Youth Unemployment Rate 15.60 14.2 13.8 14.57 14.67 12.67 [+]
Productivity 100.90 100 100 105 108 110 [+]
Wages 485.00 489 489 544 642 840 [+]
Wages in Manufacturing 560.00 564 563 575 589 619 [+]
Labour Costs 104.80 105 106 108 115 126 [+]
Population 64.31 64.51 64.61 66.64 69.97 75.04 [+]
Retirement Age Women 62.00 62.36 63 65 66 65 [+]
Retirement Age Men 65.00 65 65 66 66 65 [+]
Minimum Wages 6.50 6.5 6.5 8 9 9 [+]
Wage Growth 1.70 1.55 2.03 3.08 3.16 3.16 [+]
Prices Actual Q2/15 Q3/15 2020 2030 2050
Inflation Rate 0.00 0.3 0.6 2.38 2.8 2.92 [+]
Inflation Rate Mom 0.20 -0.03 -0.03 0.2 0.2 0.34 [+]
Consumer Price Index CPI 127.64 128 128 149 174 194 [+]
Core Inflation Rate 1.00 1.36 1.45 2 2 2.3 [+]
Harmonised Consumer Prices 127.64 127 127 139 123 117 [+]
Core Consumer Prices 124.02 124 124 133 153 173 [+]
GDP Deflator 105.63 107 107 116 139 154 [+]
Producer Prices Change -1.70 -2.35 -2.71 0.07 0.32 0.57 [+]
Export Prices 90.70 100 89.43 97 93 89.25 [+]
Import Prices 91.30 102 89.45 95 90 89.11 [+]
Food Inflation -3.00 -0.2 0 2 2 1.68 [+]
Producer Prices 107.00 107 107 107 106 104 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 0.50 0.5 0.5 4 5 6.8 [+]
Interbank Rate 0.53 0.9 0.71 4.5 5.97 7 [+]
Money Supply M0 71470.00 72286 73145 90264 121499 178935 [+]
Money Supply M1 1370979.00 1383829 1387061 1394438 1394439 1394439 [+]
Money Supply M2 1504701.00 1524453 1536993 1673966 1714303 1717127 [+]
Money Supply M3 2338215.00 2333799 2330077 2272339 2231897 2219234 [+]
Central Bank Balance Sheet 405132.00 400000 405727 300000 100000 405886 [+]
Foreign Exchange Reserves 122383.19 124231 126839 110278 110627 112275 [+]
Loans to Private Sector 2160422.00 2105699 2121243 2200000 2400000 2120366 [+]
Banks Balance Sheet 3364852.00 3363298 3361626 3362640 3362640 3362640 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade -2859.00 -2953 -2989 -1911 -2161 -3161 [+]
Exports 41314.00 40674 40214 42766 43924 45924 [+]
Imports 44173.00 43627 43203 44677 46085 49085 [+]
Current Account -25302.00 -27072 -27001 -26926 -26951 -26951 [+]
Current Account to GDP -5.50 -5.69 -5.64 -3.87 -3.5 -3 [+]
External Debt -354675.00 -357530 -370431 -363755 -363755 -363755 [+]
Terms of Trade 99.30 98.51 99.23 100 100 98.4 [+]
Foreign Direct Investment 11944.00 12235 12434 12156 12157 12157 [+]
Gold Reserves 310.25 310 310 310 310 310 [+]
Crude Oil Production 762.00 557 667 778 847 809 [+]
Government Actual Q2/15 Q3/15 2020 2030 2050
Government Budget -5.70 -4.57 -4.74 -2.8 -2.72 -3 [+]
Government Debt to GDP 89.40 96 96.19 85 75 67.24 [+]
Government Budget Value 25.00 8414 9332 11277 11278 11278 [+]
Government Spending 87909.00 87958 87959 89980 91980 85980 [+]
Government Spending to GDP 46.90 45.74 45.63 44.96 40.93 39.93 [+]
Credit Rating 97.96 [+]
Government Debt -6740.00 -9896 -8383 -6313 -6313 -6313 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 15.00 27.69 15.96 10 15 11.38 [+]
Manufacturing PMI 54.40 54.18 54.33 53.94 53.44 51.44 [+]
Services PMI 58.90 57.85 57.27 56 56.04 56.04 [+]
Industrial Production 0.10 0.52 0.29 0.37 0.39 0.39 [+]
Industrial Production Mom 0.10 -0.07 -0.1 0.24 0.49 0.74 [+]
Manufacturing Production 1.10 2.03 1.69 1.36 0.66 0.4 [+]
Capacity Utilization 83.10 82 83.28 82 82 82.71 [+]
New Orders 12133.00 12402 12461 12479 12479 12479 [+]
Changes in Inventories 1707.00 3193 3460 3145 3146 3146 [+]
Bankruptcies 3458.00 3249 3232 3327 3143 3243 [+]
Corporate Profits 97026.00 96898 97102 99730 106730 115673 [+]
Zew Economic Sentiment Index 14.00 10.74 11.84 15 15 20.31 [+]
Car Registrations 492774.00 276028 382264 200000 250000 251325 [+]
Factory Orders 0.00 10 -4.55 -19.24 -20.25 -20.26 [+]
Mining Production -6.00 -2.75 -2.96 -1.19 -1.19 -1.19 [+]
Small Business Sentiment 12.00 8.58 4.96 5.33 4.45 6.45 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence 4.00 0.19 0.73 5.54 1.22 3.73 [+]
Retail Sales MoM -0.50 0.36 0.33 0.34 0.24 0.4 [+]
Retail Sales YoY 4.20 4.92 5.11 5.25 5.24 5.24 [+]
Consumer Spending 276407.00 280297 281823 328480 358795 388796 [+]
Disposable Personal Income 277462.00 277876 277567 311230 351230 381230 [+]
Personal Savings 5.90 4.7 6.43 6 6 6.17 [+]
Bank Lending Rate 1.50 1.8 1.66 5 6 6.36 [+]
Consumer Credit 740.00 846 858 967 1267 1467 [+]
Gasoline Prices 1.65 1.8 1.8 1.86 1.65 1.75 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Housing Index 624.50 638 644 760 960 1221 [+]
Housing Starts 24990.00 31651 32935 30651 35623 40624 [+]
Construction Output -2.00 -0.58 -0.58 -1.64 -1.64 -1.64 [+]
Mortgage Approvals 61.80 57.16 55.44 59.73 60.13 60.14 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 21.00 20.97 20.97 15.72 15.08 15.06 [+]
Personal Income Tax Rate 45.00 44.99 44.99 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 13.79 13.81 13.81 13.81 [+]
Social Security Rate For Employees 12.00 11.9 11.88 12.01 12.01 12.01 [+]