United Kingdom | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q1/15 Q2/15 2020 2030 2050
Currency 1.54 1.48 1.45 1.36 1.22 1.34 [+]
Government Bond 10Y 1.73 1.8 1.9 2.64 2.89 1.7 [+]
Stock Market 6949.73 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 438428.00 445292 448504 585122 637652 746658 [+]
GDP per capita 37955.11 38383 38492 40495 44146 51448 [+]
Gross Fixed Capital Formation 72626.00 74140 73919 77018 77094 77098 [+]
GDP per capita PPP 35013.27 35402 35503 37337 40683 47376 [+]
Labour Actual Q1/15 Q2/15 2020 2030 2050
Unemployment Rate 5.70 5.31 4.98 5.48 5.44 5.39 [+]
Employed Persons 29769.00 29963 30102 32767 33179 34451 [+]
Claimant Count Change -38.60 -31.29 -32.54 -30.67 -30.68 -30.68 [+]
Unemployed Persons 823.00 831 810 738 801 838 [+]
Job Vacancies 718.00 722 735 828 758 775 [+]
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 13.67 [+]
Productivity 100.40 100 100 105 108 110 [+]
Wages 489.00 484 489 546 646 848 [+]
Wages in Manufacturing 573.00 569 573 618 700 865 [+]
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 6.50 6.5 6.5 8 9 9 [+]
Prices Actual Q1/15 Q2/15 2020 2030 2050
Inflation Rate 0.30 0.4 0.6 2.38 0.8 2.22 [+]
Inflation Rate Mom -0.90 -0.01 -0.03 0.2 0.2 0.74 [+]
Consumer Price Index CPI 127.07 127 127 124 124 124 [+]
Core Inflation Rate 1.40 1.82 1.79 2 2 1.3 [+]
Harmonised Consumer Prices 127.07 128 129 131 136 146 [+]
Core Consumer Prices 123.40 124 124 123 123 123 [+]
GDP Deflator 105.43 106 107 109 98.84 98.39 [+]
Producer Prices Change -0.80 -1.17 -1.42 0.16 0.42 0.67 [+]
Export Prices 93.10 100 100 97 93 92.09 [+]
Import Prices 94.60 102 102 95 90 93.53 [+]
Food Inflation -2.50 -1.14 -0.76 2 2 1.68 [+]
Money Actual Q1/15 Q2/15 2020 2030 2050
Interest Rate 0.50 0.5 0.75 4 5 6.85 [+]
Interbank Rate 0.53 0.6 0.9 4.5 5.97 7.06 [+]
Money Supply M0 70424.00 70972 71752 88457 117483 170692 [+]
Money Supply M1 1369352.00 1382328 1393943 1413297 1413298 1413298 [+]
Money Supply M2 1495618.00 1511498 1526273 1690444 1735896 1739226 [+]
Money Supply M3 2360178.00 2360969 2360438 2360104 2359844 2359758 [+]
Central Bank Balance Sheet 405132.00 402000 400000 300000 100000 405645 [+]
Foreign Exchange Reserves 108997.95 108959 108816 109362 109626 109925 [+]
Loans to Private Sector 2161662.00 2057310 2105699 2200000 2400000 2124553 [+]
Banks Balance Sheet 3347188.00 3349876 3349461 3348524 3348524 3348524 [+]
Trade Actual Q1/15 Q2/15 2020 2030 2050
Balance of Trade -2895.00 -2070 -1949 -2159 -2161 -2161 [+]
Exports 42101.00 41539 41664 41923 41924 41924 [+]
Imports 44996.00 43609 43613 44082 44085 44085 [+]
Current Account -27010.00 -27072 -27001 -23074 -26239 -23118 [+]
Current Account to GDP -4.40 -4.73 -4.77 -4.87 -4.87 -4.87 [+]
External Debt -450721.00 -437787 -431019 -437155 -437155 -437155 [+]
Terms of Trade 98.40 98.51 98.51 1.02 1.03 97.97 [+]
Foreign Direct Investment 5816.00 3134 4361 4019 4019 4019 [+]
Gold Reserves 310.25 310 310 310 310 310 [+]
Crude Oil Production 762.00 767 555 779 848 843 [+]
Government Actual Q1/15 Q2/15 2020 2030 2050
Government Budget -5.80 -4.5 -4.57 -2.8 -4.72 -3 [+]
Government Debt to GDP 90.60 96 96 80 75 67.24 [+]
Government Budget Value -18921.00 14769 10338 12740 12740 12740 [+]
Government Spending 87934.00 87987 87985 87980 87980 87980 [+]
Government Spending to GDP 46.90 46.02 45.87 40.93 40.93 44.93 [+]
Credit Rating 97.96 [+]
Government Debt 9405.00 -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 53.00 52.72 52.59 52.64 52.64 52.64 [+]
Services PMI 57.20 58.01 57.51 56.11 56.12 56.12 [+]
Industrial Production 0.50 0.28 -0.1 0.66 0.66 0.66 [+]
Industrial Production Mom -0.20 -0.1 -0.14 0.24 0.49 0.74 [+]
Manufacturing Production 2.40 2.47 2.21 2.43 2.48 2.48 [+]
Capacity Utilization 83.10 82 82 80 80 82.88 [+]
New Orders 12581.00 12136 12055 12202 12202 12202 [+]
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 17.40 9.33 5.74 15 15 12.5 [+]
Car Registrations 164856.00 166945 376028 200000 200000 231325 [+]
Mining Production -0.70 -1.01 -0.94 -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 0.81 0.19 -5.54 1.22 -6.73 [+]
Retail Sales MoM -0.30 0.36 0.33 0.14 0.14 0.14 [+]
Retail Sales YoY 5.40 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 578.00 908 916 936 936 936 [+]
Housing Actual Q1/15 Q2/15 2020 2030 2050
Housing Index 625.10 631 638 760 960 1221 [+]
Housing Starts 24990.00 28087 31651 30651 30623 30624 [+]
Construction Output 4.70 3.04 1.64 -0.29 -0.38 -0.38 [+]
Mortgage Approvals 60.30 56.15 53.04 36.01 28.81 24.01 [+]
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 [+]