Markets Actual Q3 Q4 Q1 Q2 2021
Stock Market (points) 5810.19 5692 5581 5473 5367 5154
Currency 1.28 1.27 1.26 1.26 1.25 1.23
Government Bond 10Y (%) 0.17 0.16 0.18 0.19 0.2 0.23

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -20.40 14 4.8 1 0.8 0.7
GDP Annual Growth Rate (%) -21.70 -8.4 -4.3 -2.3 17.5 3.2
Unemployment Rate (%) 4.10 4.9 6.8 6.5 6.3 6
Inflation Rate (%) 0.20 0.2 0.9 1.9 1.8 2
Inflation Rate Mom (%) -0.40 0.3 0.6 0.3 0.3 0.4
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Balance of Trade (GBP Million) 1074.00 830 4950 5850 4240 1200
Current Account (GBP Million) -21146.00 -11700 -12800 -18700 -18900 -14400
Current Account to GDP (%) -3.80 -4 -4 -4.4 -4.4 -4.4
Government Debt to GDP (%) 80.70 100 100 96 96 96
Government Budget (% of GDP) -1.80 -11 -11 -7.6 -7.6 -7.6
Business Confidence (points) -1.00 -38 -14 -12 -10 -8
Services PMI (points) 58.80 55.1 49.2 51 54 52
Manufacturing PMI (points) 55.20 53.8 50.5 51.2 55 52
Consumer Confidence (points) -27.00 -26 -20 -16 -14 -14
Retail Sales MoM (%) 0.80 -1.3 1.5 1 -1.6 0.6
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -20.40 14 4.8 1 0.8 0.7
GDP Annual Growth Rate (%) -21.70 -8.4 -4.3 -2.3 17.5 3.2
GDP (USD Billion) 2827.11 2280 2280 2460 2460 2460
GDP Constant Prices (GBP Million) 408046.00 509248 501389 500671 479454 517433
Gross National Product (GBP Million) 537361.00 529327 523217 525002 631399 539960
Gross Fixed Capital Formation (GBP Million) 64002.00 85660 83133 83952 75202 85793
GDP per capita (USD) 43688.40 39800 39800 40100 40100 40100
GDP per capita PPP (USD) 46699.30 44100 44100 45200 45200 45200
Economic Activity Index (%) -11.70 -9.2 -6.3 -2.3 17.5 3.2
GDP From Agriculture (GBP Million) 3054.00 2974 2925 2984 3588 3018
GDP From Construction (GBP Million) 28694.00 28657 27926 28034 33715 28820
GDP From Manufacturing (GBP Million) 44760.00 44422 43291 43731 52593 44676
GDP From Mining (GBP Million) 3024.00 3072 2956 2954 3553 3051
GDP From Public Administration (GBP Million) 22710.00 21891 21690 22188 26684 22384
GDP From Services (GBP Million) 366378.00 364109 359000 357951 430494 370488
GDP From Transport (GBP Million) 18775.00 19175 18728 18343 22061 19328

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 4.10 4.9 6.8 6.5 6.3 6
Employed Persons (Thousand) 32979.00 28000 28250 29100 29750 30100
Unemployed Persons (Thousand ) 2737.90 3600 3850 2500 2300 1750
Employment Rate (%) 76.50 74.8 75.1 75.6 75.7 76
Claimant Count Change (Thousand) 73.70 72 22 -66 -42 -32
Labor Force Participation Rate (%) 79.80 77.9 78.2 78.4 78.6 78.8
Long Term Unemployment Rate (%) 0.90 2.8 2.5 2.2 1.7 1.5
Youth Unemployment Rate (%) 12.90 13.3 13.3 13 12.8 12.6
Productivity (points) 98.10 98.5 99 98.6 99.1 100
Labour Costs (points) 113.70 108 108 113 113 109
Job Vacancies (Thousand) 434.00 420 470 510 560 600
Wages (GBP/Week) 539.00 537 533 535 528 539
Wages in Manufacturing (GBP/Week) 606.00 611 608 611 592 614
Wage Growth (%) -1.00 -1 -2 -0.6 -0.2 1.1
Minimum Wages (GBP/Hour) 8.72 8.72 8.72 8.72 9.15 9.15
Population (Million) 66.65 66.95 66.95 67.33 67.33 67.33
Retirement Age Women 66.00 66 66 66 66 66
Retirement Age Men 66.00 66 66 66 66 66
Average Weekly Hours (Hours) 26.30 27 28 29 30 31
Employment Change (Thousand) -12.00 -20 10 42 36 50

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 0.20 0.2 0.9 1.9 1.8 2
Inflation Rate Mom (%) -0.40 0.3 0.6 0.3 0.3 0.4
Consumer Price Index CPI (points) 108.61 109 109 111 111 112
Harmonised Consumer Prices (points) 108.61 109 109 111 111 112
Core Consumer Prices (points) 109.00 109 111 110 111 114
Core Inflation Rate (%) 0.90 0.7 1 1.2 1.4 1.6
GDP Deflator (points) 114.19 107 107 110 116 110
Producer Prices Change (%) -0.90 -1.2 -0.8 0.4 1.2 1.6
Food Inflation (%) 0.40 0.5 0.8 0.8 1.2 1.5
Inflation Expectations (%) 3.00 2.8 2 1.6 1.5 1.9
Retail Price Index (%) 0.50 0.5 0.9 1.1 1.2 1.5
Producer Prices (points) 115.10 115 120 116 116 123
CPI Housing Utilities (points) 106.30 107 107 108 108 109
CPI Transportation (points) 113.80 112 113 114 113 115
Core Producer Prices (points) 114.80 113 118 115 116 121

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Interbank Rate (%) 0.05 0.06 0.06 0.06 0.06 0.06
Money Supply M0 (GBP Million) 87768.00 85900 86800 89400 88700 95100
Money Supply M1 (GBP Million) 2063928.00 2046000 2090800 2120800 2159000 2250800
Money Supply M2 (GBP Million) 2713963.00 2723000 2779100 2819100 2859100 2899100
Money Supply M3 (GBP Million) 3198359.00 3221000 3380000 3380000 3480000 3550000
Banks Balance Sheet (GBP Million) 4267699.00 4391000 4410000 4450000 4510000 4590000
Central Bank Balance Sheet (GBP Million) 854517.00 865000 875200 871200 795200 811200
Loans to Private Sector (GBP Million) 2642975.00 2770000 2850000 2820000 2860000 2880000
Deposit Interest Rate (%) 0.00 0 0 0 0 0
Lending Rate (%) 0.35 0.35 0.35 0.35 0.35 0.35
Private Debt to GDP (%) 224.00 232 232 230 230 230

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (GBP Million) 1074.00 830 4950 5850 4240 1200
Current Account (GBP Million) -21146.00 -11700 -12800 -18700 -18900 -14400
Current Account to GDP (%) -3.80 -4 -4 -4.4 -4.4 -4.4
Imports (GBP Million) 49143.00 47620 45800 45900 47200 51500
Exports (GBP Million) 50217.00 48450 50750 51750 51440 52700
External Debt (GBP Million) 7206055.00 7491000 7551000 7551000 7754000 7697000
Capital Flows (GBP Million) -5388.00 12600 9900 21900 18900 12900
Foreign Direct Investment (GBP Million) -17870.00 -12300 -12900 15900 16200 9900
Gold Reserves (Tonnes) 310.30 310 310 310 310 310
Crude Oil Production (BBL/D/1K) 1004.00 750 750 750 800 800
Goods Trade Balance (GBP Million) -8635.00 -8600 -13200 -10200 -13260 -10800
Tourism Revenues (GBP Million) 780.00 1250 1490 1510 1850 1940
Tourist Arrivals (Thousand) 1446.00 1200 2100 2500 2800 2440

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 80.70 100 100 96 96 96
Government Budget (% of GDP) -1.80 -11 -11 -7.6 -7.6 -7.6
Government Budget Value (GBP Million) -25944.00 -42400 -20460 -4460 -22600 -10440
Government Spending (GBP Million) 82686.00 101500 110200 108880 109000 109500
Government Spending to GDP (%) 39.30 49 49 43 43 43
Government Debt (GBP Billion) 2004.00 2200 2500 2450 2110 2010
Government Revenues (GBP Million) 56571.00 30500 33870 34320 36800 42270
Asylum Applications (persons) 2265.00 1250 1270 1320 1380 1910

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 27.80 27.8 27.8 27.8 27.8 27.8
Social Security Rate For Companies (%) 13.80 13.8 13.8 13.8 13.8 13.8
Social Security Rate For Employees (%) 14.00 14 14 14 14 14

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) -1.00 -38 -14 -12 -10 -8
Services PMI (points) 58.80 55.1 49.2 51 54 52
Manufacturing PMI (points) 55.20 53.8 50.5 51.2 55 52
Industrial Production (%) -7.80 -6 -3 4.5 16 5
Industrial Production Mom (%) 5.20 0.5 -1.6 1.5 0.8 1
Manufacturing Production (%) -9.40 -7 -4 5 19 6
Capacity Utilization (%) 64.50 65 71 75 78 75
New Orders (GBP Million) 6173.00 8100 9480 11280 12500 12180
Factory Orders (Net Balance) -44.00 -40 -18 5 10 12
Bankruptcies (Companies) 2974.00 5900 6600 4200 4500 5800
Corporate Profits (GBP Million) 83581.00 101000 107000 108000 114000 115000
Zew Economic Sentiment Index 35.10 35 2 5 2 5
Car Production (Units) 85696.00 101000 65000 65000 108000 87000
Car Registrations 87226.00 271000 114000 264000 185000 136000
Small Business Sentiment -2.00 -2 -12 -20 -2 6
Leading Economic Index (%) -7.60 14 4.8 1 0.8 0.7
Steel Production (Thousand Tonnes) 515.00 600 850 850 850 850
Private Investment (%) -31.40 18 -2 -2 1.1 2.5
Mining Production (%) -1.80 -7.6 -3.2 2.5 18.7 6.2
Composite Pmi (points) 59.10 54.9 50 51.4 54.5 52
Electricity Production (Gigawatt-hour) 29731.00 26400 30200 30200 30200 30400

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -27.00 -26 -20 -16 -14 -14
Retail Sales MoM (%) 0.80 -1.3 1.5 1 -1.6 0.6
Retail Sales YoY (%) 2.80 1 -2.2 2.2 7.4 1.5
Consumer Spending (GBP Million) 254336.00 331545 326139 323208 298845 336575
Disposable Personal Income (GBP Million) 354826.00 341771 341359 346665 416921 352283
Personal Savings (%) 8.60 10 12 11 9 8
Bank Lending Rate (%) 1.10 1.1 1.1 1.1 1.1 1.1
Households Debt To GDP (% of GDP) 84.50 95 95 92 92 92
Cbi Distributive Trades (Net Balance) -6.00 -12 -17 5 12 7
Consumer Credit (GBP Million) 1220.00 722 1243 -3639 -449 1283
Gasoline Prices (USD/Liter) 1.54 1.46 1.39 1.32 1.25 1.19

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Starts (units) 34260.00 29460 27750 30250 29460 32330
Construction Output (%) -12.80 -7 -3.2 4.5 21 5.1
Housing Index (points) 423.76 412 402 406 410 418
Mortgage Approvals (Thousand) 66.28 42.5 48 52.5 58 66
Home Loans (GBP Million) 2673.00 3200 1800 2200 2500 3600
Home Ownership Rate (%) 65.20 62 62 61.5 61.5 61.5
Nationwide Housing Prices (points) 445.50 438 426 430 436 440
Construction Orders (%) -45.00 -6.3 -2 1.8 37 5
Construction Pmi (points) 54.60 51.5 44 51 55 50


This page has economic forecasts for the United Kingdom including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the the United Kingdom economy.