UK stats 2025 Flashcards
(32 cards)
1
Q
Growth rate
A
1.1% 2024
2
Q
Output gap
A
-0.6%
3
Q
GDP/capita
A
£36,000
4
Q
Total GDP
A
£2.851 trillion (services 79%)
5
Q
Unemployment rate
A
4.4%
6
Q
Economically inactive
A
21.4%
7
Q
Wage growth
A
5.9%
8
Q
Youth unemployment
A
13.3%
9
Q
Inflation rate
A
2.6% CPI
10
Q
Inflation rate expectation
A
3.9%
11
Q
Current account deficit
A
2.6% GDP (£76bn)
12
Q
Minimum wage
A
£12.21
13
Q
Exchange rate
A
£1=$1.32
£1=€1.16
14
Q
Trade partners
A
US and Euro both stagnating
15
Q
Budget deficit
A
4.8% GDP (£137bn)
16
Q
National debt
A
96% GDP
17
Q
Bond yields
A
4.67%
18
Q
Income tax bands
A
- 0% until £12570
- 20% between £12571 - £50,270
- 40% between £50,271 - £125,140
- 45% over £125,140
- frozen until 2028, estimated extra £45bn income tax rev for gov
19
Q
National insurance
A
- employees 10% to 8%
- higher for employers
20
Q
Corporation tax
A
19% to 25%
21
Q
VAT
A
20%
22
Q
Gini coefficient
A
0.357
23
Q
Base interest rate
A
4.5%
24
Q
Average lending rate
A
4.75%
25
Savings ratio
12% (high)
26
Quantitative easing
£895bn since GFC 2008
27
Global competitiveness ranking
28th
28
PISA ranking
14th 2022
29
Relative productivity
USA 48% higher output per worker than UK
30
Investment
17% GDP (below G7 average)
31
R&D spending
2.9% GDP
32
Productivity decline
UK GDP per hour 25% lower than it would've been pre crisis trend
