United Kingdom | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q1/15 Q2/15 2020 2030 2050
Currency 1.50 1.48 1.45 1.36 1.22 1.34 [+]
Government Bond 10Y 1.36 1.8 1.9 2.64 2.89 1.7 [+]
Stock Market 6749.40 6620 6690 7280 7000 8810 [+]
GDP Actual Q1/15 Q2/15 2020 2030 2050
GDP 2522.26 2573 2589 2853 3329 4280 [+]
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 428514.00 430145 431532 533379 633379 438156 [+]
Gross National Product 438428.00 445292 448504 585122 637652 446658 [+]
GDP per capita 37955.11 38383 38492 40495 44146 51448 [+]
Gross Fixed Capital Formation 72850.00 76920 77619 94767 102098 103278 [+]
GDP per capita PPP 35013.27 35402 35503 37337 40683 47376 [+]
Labour Actual Q1/15 Q2/15 2020 2030 2050
Unemployment Rate 5.80 5.31 4.99 5.55 5.55 5.5 [+]
Employed Persons 29668.00 29987 30157 31767 32379 32451 [+]
Claimant Count Change -29.70 -26.18 -26.47 -25.88 -26.08 -26.08 [+]
Unemployed Persons 867.70 793 728 441 438 438 [+]
Job Vacancies 700.00 752 785 1263 1628 1775 [+]
Long Term Unemployment Rate 2.30 2.23 2.21 1.5 1.5 2.92 [+]
Youth Unemployment Rate 16.70 14.07 13.39 13.49 13.51 13.51 [+]
Productivity 100.40 100 100 105 108 100 [+]
Wages 483.00 481 486 522 588 719 [+]
Wages in Manufacturing 566.00 567 570 597 648 750 [+]
Labour Costs 104.20 103 103 104 104 104 [+]
Population 63.90 64.39 64.49 66.51 69.68 74.42 [+]
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 0.50 1.19 1.28 2.38 2 1.42 [+]
Inflation Rate Mom 0.00 -0.01 -0.03 0.2 0.2 0.03 [+]
Consumer Price Index CPI 128.19 128 128 128 128 128 [+]
Core Inflation Rate 1.30 1.82 1.79 2 2 1.36 [+]
Harmonised Consumer Prices 128.19 129 129 134 143 162 [+]
Core Consumer Prices 124.21 124 125 126 126 126 [+]
GDP Deflator 105.78 106 107 113 114 114 [+]
Producer Prices Change -0.30 -0.43 -0.57 0.23 0.5 0.75 [+]
Export Prices 94.00 100 100 97 93 92.91 [+]
Import Prices 95.40 102 102 95 90 94.66 [+]
Food Inflation -1.70 -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 5 [+]
Interbank Rate 0.53 0.6 0.9 4.5 5.97 7.09 [+]
Money Supply M0 70283.00 71078 71877 88836 118292 172250 [+]
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 107215.99 109251 109286 109316 109643 110122 [+]
Loans to Private Sector 2161662.00 2154315 2144550 2122720 2122713 2122713 [+]
Banks Balance Sheet 3347188.00 3349876 3349461 3348524 3348524 3348524 [+]
Trade Actual Q1/15 Q2/15 2020 2030 2050
Balance of Trade -1406.00 -1651 -1506 -1830 -1832 -1832 [+]
Exports 41960.00 41245 41341 41658 41662 41662 [+]
Imports 43366.00 42896 42848 43487 43494 43494 [+]
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 -412470 -410725 -417888 -417888 -417888 [+]
Terms of Trade 98.50 98.51 98.51 1.02 1.03 98.52 [+]
Foreign Direct Investment 13483.00 9645 9582 9325 9325 9325 [+]
Gold Reserves 310.25 310 310 310 310 310 [+]
Crude Oil Production 729.00 785 576 802 850 852 [+]
Government Actual Q1/15 Q2/15 2020 2030 2050
Government Budget -5.80 -4.5 -5.57 -5.44 -5.43 -5.43 [+]
Government Debt to GDP 90.60 96 96 90 90 97.24 [+]
Government Budget Value 21408.00 18698 13836 15356 15354 15354 [+]
Government Spending 87744.00 87808 87741 87758 87758 87758 [+]
Government Spending to GDP 46.90 46.02 45.87 44.96 44.93 44.93 [+]
Credit Rating 97.96 [+]
Government Debt -12465.00 -13118 -12201 -12633 -12633 -12633 [+]
Business Actual Q1/15 Q2/15 2020 2030 2050
Business Confidence 15.00 12.98 27.69 10 15 12.79 [+]
Manufacturing PMI 52.50 52.97 52.9 52.9 52.9 52.9 [+]
Services PMI 55.80 58.01 57.62 56.34 56.32 56.32 [+]
Industrial Production 1.10 0.75 0.54 1.19 1.17 1.17 [+]
Industrial Production Mom -0.10 -0.07 -0.09 0.25 0.5 0.75 [+]
Manufacturing Production 2.70 2.76 2.53 2.65 2.68 2.68 [+]
Capacity Utilization 83.10 82 82 80 80 82.88 [+]
New Orders 12581.00 12136 12055 12202 12202 12202 [+]
Changes in Inventories 3874.00 3112 3259 3170 3170 3170 [+]
Bankruptcies 3458.00 3325 3271 3318 3317 3317 [+]
Corporate Profits 97308.00 97811 98068 98003 98003 98003 [+]
Zew Economic Sentiment Index 19.00 9.33 5.74 15 15 11.18 [+]
Car Registrations 166198.00 166945 376028 200000 200000 154245 [+]
Mining Production -0.70 -1.01 -0.94 -1.1 -1.1 -1.1 [+]
Small Business Sentiment 7.00 2.3 [+]
Consumer Actual Q1/15 Q2/15 2020 2030 2050
Consumer Confidence 1.00 0.14 -0.19 -5.77 -6.81 -6.85 [+]
Retail Sales MoM 0.40 0.77 0.74 0.52 0.52 0.52 [+]
Retail Sales YoY 4.30 4.73 4.82 4.69 4.69 4.69 [+]
Consumer Spending 274501.00 276340 278205 288480 288795 288796 [+]
Disposable Personal Income 277440.00 280622 281400 281230 281230 281230 [+]
Personal Savings 7.00 4.68 4.7 6 6 7.81 [+]
Bank Lending Rate 1.50 1.61 1.8 6 7 7 [+]
Consumer Credit 578.00 908 916 936 936 936 [+]
Housing Actual Q1/15 Q2/15 2020 2030 2050
Housing Index 611.20 631 638 760 1060 615 [+]
Housing Starts 35260.00 35307 32918 34732 34674 34675 [+]
Construction Output 2.80 2 1.46 1.74 2.11 0.46 [+]
Mortgage Approvals 60.30 56.15 53.04 -13.86 -117 -47.22 [+]
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 [+]