UK Economic Performance March 2013

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Overview of UK Economic Performance in March 2013

Transcript of UK Economic Performance March 2013

UK Economic Performance

UK GDP Growth Rate

UK GDP per Capita

UK Interest Rate

UK Inflation Rate (CPI)

UK Unemployment Rate

GBP to USD Exchange Rate

Government Debt to GDP

Current Account Balance

Balance of Trade

Statistics

UK Economic Statistics GDP $2.880 trillion

GDP growth -0.1% GDP per capita $39,600

GDP by sector agriculture: 0.7%, industry: 21.5%, services: 77.8% Inflation (CPI) CPI:2.7%, RPI 2.9%

Population below poverty line 14% with household income below 60% of UK median income

Gini coefficient 0.36

Labour force 31.72 million Labour force by occupation agriculture: 1.4%, industry: 18.2%, services: 80.4%

Unemployment 7.7% (2.49 million) Average gross salary $5,546, monthly

Exports $479.2 billion

Export goods Manufactured goods, sup, chemicals; food, beverages, tobacco Main export nations Germany 11.6%, US 10.6%,Netherlands 8.4%, France 7.8%,Republi

c of Ireland 6.4%, Belgium 5.7%

Imports $639 billion

Import goods Manufactured goods, machinery, fuels; foodstuffs Main import nations Germany 13.2%, China 8.7%,Netherlands 7.5%, US 6.1%, France6%

, Norway 5%, Belgium 5%

Gross external debt $9.836 trillion

Public finances Public debt £977 billion 88.7% of GDP (2012 est.)

Budget deficit £155 billion (2009–10 FY) £120 billion (2011-12 FY). Budget deficit proposed for 2012-2013 is £90 billion (6% of GDP)

Revenues £592 billion (2012-2013 FY)

Expenses £682 billion (2012-2013 FY) Economic aid $10 billion (2012) (donor)

Credit rating Standard & Poor's: AA1 Moody's: AA1 Fitch: AAA

Foreign reserves $127.8 billion

Source: CIA World Fact Book