This is a one page revision sheet covering some of the key data on the state of the UK economy - I hope it might be useful for students taking their mock exams in macroeconomics. More re

1. Key Data on the UK Economy
UK Growth, Jobs and Prices - 3 Key Macro Objectives
10.0
Unemployment Rate (LFS)
8.0
8.0
6.0
Percent
Percent
Inflation, jobs and growth
10.0
6.0
Inflation (CPI)
4.0
4.0
2.0
2.0
0.0
0.0
Real GDP growth
-2.0
-2.0
-4.0
-4.0
-6.0
-6.0
-8.0
-8.0
07
08
09
10
11
12
13
Source: Reuters EcoWin
Updated: December 2013, Source: ONS, OECD, IMF, HM-Treasury, Bank of England
Real GDP growth (% change)
Unemployment rate (%)
CPI inflation rate (%)
Budget (fiscal) deficit (% of GDP)
Balance of Payments (% of GDP)
Trade balance (goods and services, £bn)
Consumer spending (% change)
Fixed investment (% change)
Investment (% of GDP)
Policy interest rates (per cent)
Average mortgage interest rate (per cent)
Bond yield (10 year government bond)
Output gap (% of potential GDP)
Global competitiveness ranking
Unfilled job vacancies
Wages and earnings (annual growth rate)
Household savings ratio (% of disposable income)
Crude oil price (US$ per barrel)
Labour productivity (% change in output per worker)
Youth unemployment rate (per cent)
Gross government debt to GDP ratio (%)
Net official development assistance (Aid) (% of GDP)
Total tax revenue (% of GDP)
Data for 2012
0.1
8.0
2.8
-6.1
-3.7
-23.3
1.2
-2.4
14.3
0.5
4.2
2.6
-4.1
10th (8th in 2012)
2.0
6.7%
$111
-1.7
20.9
88.7
0.58
35.5
Latest figure
0.8% (Q3)
7.6
2.2
-£3.3
0.5
545,000
0.8
Extra resources and subject support
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