UK economic profile Flashcards
1
Q
What is the UK unemployment rate?
A
3.7%
2
Q
What is the UK competitiveness ranking?
A
20th
3
Q
What is the UK’s real GDP growth?
A
4%
4
Q
What is the UK GDP per capita?
A
$55,693
5
Q
What is the UK’s CPI ( inflation rate )?
A
3.2%
6
Q
What is the current account as a % of GDP in the UK?
A
-5.57%
7
Q
Total government debt as a % of GDP?
A
93%
8
Q
Strengths of the UK economy? ( 4 )
A
- Strong financial sector
- Low unemployment
- Cutting edge of many markets
- Skilled workforce
9
Q
Weaknesses of the UK economy ( 3 )
A
- Labour supply
- Labour productivity
- Ageing population
