UNITED KINGDOM GENERAL GOVERNMENT STRUCTURAL BALANCE IN PERCENT OF POTENTIAL GDP


THE GENERAL GOVERNMENT STRUCTURAL BALANCE IN PERCENT OF POTENTIAL GDP IN THE UNITED KINGDOM WAS REPORTED AT -7.83 PERCENT OF POTENTIAL GDP IN 2009, ACCORDING TO THE INTERNATIONAL MONETARY FUND (IMF). IN 2015, THE UNITED KINGDOM'S GENERAL GOVERNMENT STRUCTURAL BALANCE IN PERCENT OF POTENTIAL GDP IS EXPECTED TO BE -3.80 PERCENT OF POTENTIAL GDP. THE STRUCTURAL BUDGET BALANCE REFERS TO THE GENERAL GOVERNMENT CYCLICALLY ADJUSTED BALANCE ADJUSTED FOR NONSTRUCTURAL ELEMENTS BEYOND THE ECONOMIC CYCLE. THESE INCLUDE TEMPORARY FINANCIAL SECTOR AND ASSET PRICE MOVEMENTS AS WELL AS ONE-OFF; OR TEMPORARY; REVENUE OR EXPENDITURE ITEMS. THE CYCLICALLY ADJUSTED BALANCE IS THE FISCAL BALANCE ADJUSTED FOR THE EFFECTS OF THE ECONOMIC CYCLE; SEE; FOR EXAMPLE; A. FEDELINO. A. IVANOVA AND M. HORTON ?COMPUTING CYCLICALLY ADJUSTED BALANCES AND AUTOMATIC STABILIZERS? IMF TECHNICAL GUIDANCE NOTE NO. 5; HTTP://WWW.IMF.ORG/EXTERNAL/PUBS/FT/TNM/2009/TNM0905.PDF. IN 2009, THE UNITED KINGDOM'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 3.10 PERCENT. IN 2015, THE UNITED KINGDOM'S SHARE OF WORLD TOTAL GDP IS FORECASTED TO BE 2.81 PERCENT. THIS PAGE INCLUDES A CHART, HISTORICAL DATA AND FORECAST FOR THE UNITED KINGDOM'S GENERAL GOVERNMENT STRUCTURAL BALANCE IN PERCENT OF POTENTIAL GDP.



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IMF Data Specifications


CountryUnited Kingdom
Subject DescriptorGeneral government structural balance
Subject NotesThe structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off; or temporary; revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see; for example; A. Fedelino. A. Ivanova and M. Horton ?Computing Cyclically Adjusted Balances and Automatic Stabilizers? IMF Technical Guidance Note No. 5; http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.
UnitsPercent of potential GDP
Scale 
Country/Series-specific NotesSee notes for: General government structural balance (National currency).
Estimates Start After2009
TitleUnited Kingdom General government structural balance in percent of potential GDP
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