live data Flashcards
1
Q
Annual growth rate since 2023
A
0.1%
2
Q
Growth rate of 2024 Q1
A
0.2%
3
Q
Why may annual growth rate be low? (link to AD)
A
- high IR
- low consumer and business confidence
- rising food, and fuel prices
- cost of living crisis
- UK shrinking labour force
- under-performing public sector
4
Q
Quarterly growth rate of 2023 Q4
A
-0.3% of GDP
5
Q
Annual growth forecast
A
0.8%
6
Q
Output gap of GDP
A
-0.1% (negative output gap)
7
Q
GDP per capita
A
£36000
8
Q
total uk GDP
A
2.53 trillion £
9
Q
break down of UK’s GDP from different sectors
A
- services (79%)
- manufacturing 14%
- construction 6%
-agriculture 1%
VERY UNBALANCED
10
Q
unemployment rate
A
4.2% (cyclical)
11
Q
employment rate
A
74.5%
12
Q
economic inactivity rate
A
22.2%
13
Q
Economically inactive meaning
A
- those who are neither employed or unemployed, no longer seeking a job actively
14
Q
wage growth
A
5.6%
15
Q
youth unemployment
A
11% (16-24yro)
