UK Economic Performance March 2013

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Overview of UK Economic Performance in March 2013

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UK Economic Performance March 2013

  1. 1. UK Economic PerformanceUK GDP Growth RateUK GDP per CapitaUK Interest Rate
  2. 2. UK Inflation Rate (CPI)UK Unemployment RateGBP to USD Exchange Rate
  3. 3. Government Debt to GDPCurrent Account BalanceBalance of Trade
  4. 4. StatisticsUK Economic StatisticsGDP $2.880 trillionGDP growth -0.1%GDP per capita $39,600GDP 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 incomeGini coefficient 0.36Labour force 31.72 millionLabour force by occupation agriculture: 1.4%, industry: 18.2%, services: 80.4%Unemployment 7.7% (2.49 million)Average gross salary $5,546, monthlyExports $479.2 billionExport goods Manufactured goods, sup, chemicals; food, beverages, tobaccoMain 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 billionImport goods Manufactured goods, machinery, fuels; foodstuffsMain import nations Germany 13.2%, China 8.7%,Netherlands 7.5%, US 6.1%, France6% , Norway 5%, Belgium 5%Gross external debt $9.836 trillionPublic financesPublic 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 & Poors: AA1 Moodys: AA1 Fitch: AAAForeign reserves $127.8 billionSource: CIA World Fact Book

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