United Kingdom | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 1.52 1.56 1.59 1.59 1.59 1.59 [+]
Government Bond 10Y 1.83 1.9 1.9 2.64 2.89 2.7 [+]
Stock Market 7040.92 6930 6913 6973 8000 8161 [+]
5 Year Note Yield 1.37 1.41 1.44 2.48 3.8 5.06 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 2522.26 2571 2575 3119 3992 5736 [+]
GDP Growth Rate 0.30 0.62 0.65 0.44 0.44 0.44 [+]
GDP Annual Growth Rate 2.40 2.82 2.9 2.7 2.71 2.8 [+]
GDP Constant Prices 430992.00 432518 433689 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 74719.00 74887 73888 80101 79094 82098 [+]
GDP per capita PPP 35013.27 35390 35431 37337 40683 47376 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 5.50 5.5 5.5 5.42 5.3 5.27 [+]
Employed Persons 29902.00 30033 30121 32767 33179 34451 [+]
Claimant Count Change -12.60 -31.82 -33.23 -19.46 -19.65 -19.65 [+]
Unemployed Persons 763.80 790 791 738 801 838 [+]
Job Vacancies 733.00 735 741 768 758 775 [+]
Long Term Unemployment Rate 1.90 2 2 1.5 1.5 2.09 [+]
Youth Unemployment Rate 15.40 14.41 14 14.53 14.61 12.67 [+]
Productivity 100.90 100 100 105 108 110 [+]
Wages 489.00 491 491 550 659 876 [+]
Wages in Manufacturing 566.00 566 566 580 603 648 [+]
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 62.33 62.33 62.33 65 67 68 [+]
Retirement Age Men 65.00 65 65 65 67 68 [+]
Minimum Wages 6.50 6.5 6.5 8 9 9 [+]
Wage Growth 1.94 1.55 2.03 3.14 3.19 3.19 [+]
Prices Actual Q2/15 Q3/15 2020 2030 2050
Inflation Rate -0.10 0.3 0.6 2.38 2.8 2.92 [+]
Inflation Rate Mom 0.20 0.1 0.1 0.2 0.2 0.34 [+]
Consumer Price Index CPI 127.95 128 128 149 174 194 [+]
Core Inflation Rate 0.80 1.36 1.45 2 2 2.3 [+]
Harmonised Consumer Prices 127.95 128 128 146 173 197 [+]
Core Consumer Prices 124.32 124 124 133 153 173 [+]
GDP Deflator 106.28 107 107 116 139 154 [+]
Producer Prices Change -1.70 -1 -0.5 0.3 0.3 0.55 [+]
Export Prices 91.00 100 90.42 97 93 90.32 [+]
Import Prices 91.80 102 90.86 95 90 90.64 [+]
Food Inflation -2.80 -2.5 -2 2 2 1.68 [+]
Producer Prices 107.00 108 109 111 136 164 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 0.50 0.5 0.5 4 5 6.75 [+]
Interbank Rate 0.53 0.9 0.72 4.5 5.97 6.97 [+]
Money Supply M0 71473.00 72015 72821 89287 119320 174506 [+]
Money Supply M1 1385248.00 1397509 1405285 1420126 1420128 1420128 [+]
Money Supply M2 1512027.00 1526722 1540465 1691416 1737218 1740593 [+]
Money Supply M3 2360647.00 2363022 2362325 2371267 2377644 2379765 [+]
Central Bank Balance Sheet 405132.00 400000 405727 300000 100000 405886 [+]
Foreign Exchange Reserves 123228.12 124007 126287 121295 121304 121303 [+]
Loans to Private Sector 2157561.00 2105699 2137349 2200000 2400000 2162041 [+]
Banks Balance Sheet 3380230.00 3385709 3382946 3382936 3382936 3382936 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade -2817.00 -2918 -2980 -2208 -2161 -3161 [+]
Exports 41876.00 41389 40916 42777 43924 45924 [+]
Imports 44693.00 44307 43897 44985 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 -375717 -383943 -377318 -377319 -377319 [+]
Terms of Trade 99.10 98.51 99.14 100 100 98.48 [+]
Foreign Direct Investment 11944.00 12235 12434 12156 12157 12157 [+]
Gold Reserves 310.25 310 310 310 310 310 [+]
Crude Oil Production 826.00 539 636 761 761 761 [+]
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 91 91.19 85 75 67.24 [+]
Government Budget Value -4044.00 8796 9842 11738 11738 11738 [+]
Government Spending 88414.00 88434 88436 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 -6040.00 -9896 -8383 -6623 -6623 -6623 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 3.00 14.03 15.96 10 15 11.38 [+]
Manufacturing PMI 51.90 54.18 54.33 53.94 53.44 51.44 [+]
Services PMI 59.50 57.85 57.27 56.41 56.41 56.41 [+]
Industrial Production 0.70 0.52 0.29 0.51 0.53 0.53 [+]
Industrial Production Mom 0.50 -0.07 -0.1 0.06 0.06 0.06 [+]
Manufacturing Production 1.10 2.03 1.69 1.2 0.66 0.4 [+]
Capacity Utilization 82.30 82 82.66 82 82 82.71 [+]
New Orders 12133.00 12402 12461 12479 12479 12479 [+]
Changes in Inventories 1707.00 3193 3460 3145 3146 3146 [+]
Bankruptcies 4052.00 4289 4426 4335 3143 3243 [+]
Corporate Profits 97026.00 96898 97102 99730 106730 115673 [+]
Zew Economic Sentiment Index 15.80 10.74 15.19 15 15 20.31 [+]
Car Registrations 185778.00 276028 382264 200000 250000 251325 [+]
Factory Orders -5.00 10 -10.74 -19.77 -20.21 -20.22 [+]
Mining Production -2.60 -0.93 -1.94 -1.14 -1.15 -1.15 [+]
Small Business Sentiment 4.00 8.58 2.3 5.33 4.45 6.45 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence 1.00 0.19 0.73 5.54 1.22 3.73 [+]
Retail Sales MoM 1.20 0.36 0.33 0.34 0.24 0.4 [+]
Retail Sales YoY 4.70 4.92 5.11 5.22 5.21 5.21 [+]
Consumer Spending 278001.00 279960 281336 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 1.62 5 6 6.36 [+]
Consumer Credit 1242.00 846 858 967 1267 1467 [+]
Gasoline Prices 1.80 1.8 1.8 1.86 1.65 1.75 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Housing Index 635.70 638 649 760 960 1221 [+]
Housing Starts 40340.00 36319 38289 34471 35623 40624 [+]
Construction Output 1.60 -0.92 -1.83 -2.86 -2.86 -2.86 [+]
Mortgage Approvals 61.30 57.16 55.44 59.8 60.13 60.14 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 23.00 23.15 23.16 28.81 29.35 29.36 [+]
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 25.79 25.78 25.81 25.81 25.81 [+]
Social Security Rate For Companies 13.80 13.8 13.8 13.8 13.8 13.8 [+]
Social Security Rate For Employees 12.00 12 12 12.01 12.01 12.01 [+]