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Key Data on the UK Economy (December 2013)
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Key Data on the UK Economy (December 2013)

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This is a one page revision sheet covering some of the key data on the state of the UK economy - I hope it might be useful for students taking their mock exams in macroeconomics. More re

This is a one page revision sheet covering some of the key data on the state of the UK economy - I hope it might be useful for students taking their mock exams in macroeconomics. More re


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  • 1. Key Data on the UK Economy UK Growth, Jobs and Prices - 3 Key Macro Objectives 10.0 Unemployment Rate (LFS) 8.0 8.0 6.0 Percent Percent Inflation, jobs and growth 10.0 6.0 Inflation (CPI) 4.0 4.0 2.0 2.0 0.0 0.0 Real GDP growth -2.0 -2.0 -4.0 -4.0 -6.0 -6.0 -8.0 -8.0 07 08 09 10 11 12 13 Source: Reuters EcoWin Updated: December 2013, Source: ONS, OECD, IMF, HM-Treasury, Bank of England Real GDP growth (% change) Unemployment rate (%) CPI inflation rate (%) Budget (fiscal) deficit (% of GDP) Balance of Payments (% of GDP) Trade balance (goods and services, £bn) Consumer spending (% change) Fixed investment (% change) Investment (% of GDP) Policy interest rates (per cent) Average mortgage interest rate (per cent) Bond yield (10 year government bond) Output gap (% of potential GDP) Global competitiveness ranking Unfilled job vacancies Wages and earnings (annual growth rate) Household savings ratio (% of disposable income) Crude oil price (US$ per barrel) Labour productivity (% change in output per worker) Youth unemployment rate (per cent) Gross government debt to GDP ratio (%) Net official development assistance (Aid) (% of GDP) Total tax revenue (% of GDP) Data for 2012 0.1 8.0 2.8 -6.1 -3.7 -23.3 1.2 -2.4 14.3 0.5 4.2 2.6 -4.1 10th (8th in 2012) 2.0 6.7% $111 -1.7 20.9 88.7 0.58 35.5 Latest figure 0.8% (Q3) 7.6 2.2 -£3.3 0.5 545,000 0.8 Extra resources and subject support For more resources on the UK economy – check out the Tutor2u blog and also our Tutor2u slide share channel for regularly updated presentations, articles, quizzes and other resources: The twitter hash tag is #econ2 and you can follow Jim Riley @tutor2u and Geoff Riley @tutor2u_econ