2025 Econplusdal Macroeconomy Stats Flashcards

(33 cards)

1
Q

What is the annual economic growth for 2024?

A

1.1%

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2
Q

What is the quarterly economic growth?

A

0%

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3
Q

What is the annual growth forecast?

A

1%

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4
Q

What is the output gap?

A

-0.6%

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5
Q

What is the GDP per capita?

A

£36,000

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6
Q

What is the total GDP?

A

£2.85 trillion

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7
Q

What percentage of the GDP is from services?

A

79%

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8
Q

What percentage of the GDP is from manufacturing?

A

14%

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9
Q

What is the unemployment rate?

A

4.4%

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10
Q

What is the economic inactivity rate?

A

21%

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11
Q

What is the employment rate?

A

75%

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12
Q

What is the current consumer confidence level?

A

weak

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13
Q

What is the CPI (Consumer Price Index)?

A

2.6%

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14
Q

What are the inflation expectations?

A

3.9%

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15
Q

What is the wage growth rate?

A

5.9%

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16
Q

What is the current account deficit as a percentage of GDP?

17
Q

What is the productivity and investment status?

18
Q

What is the minimum wage?

19
Q

What is the current exchange rate for £ to $?

A

£1 = $1.32

US trade is slowing

20
Q

What is the current exchange rate for £ to €?

A

£ = €1.16

European trade is stagnating

21
Q

What is the budget deficit as a percentage of GDP?

A

4.8% (£140 billion)

22
Q

What is the national debt as a percentage of GDP?

23
Q

What are the income tax bands?

A

£12,500 tax free, then 20%, 40%, 45% - frozen until April 2028

24
Q

What is the corporation tax rate?

25
What is the VAT rate?
20%
26
What is the Gini coefficient?
0.35 (0 is good)
27
What is the base interest rate?
4.5%
28
What is the average lending rate?
4.75%
29
What is the banks' willingness to lend?
good
30
What is the current consumer confidence level regarding interest rates?
very weak
31
What is the current business confidence level regarding interest rates?
very weak
32
What is the savings ratio?
12%
33
What is the amount of quantitative easing?
£895 billion