UNITED KINGDOM -- GROUP 1 REPORT

2.  GDP per capita:
22,577.23 (real)
24,862.00 (nominal)
 Real gdp: 1,438,339
 Nominal gdp: 1,583,892
Nominal gdp: 1,583,892
 Gdp deflator: 110.12
 Population: 64,097,085
 Employed: 29.4 million
 Labor force rate:
 Unemployment rate: 7.9%
 Inflation rate: 2.7%

3. Real gdp: 1,438,339
Exports:
$813.2 billion (est as of
2013)
Sources of exports:
Manufactured goods,
chemicals, food, beverages,
tobacco, automotive mobiles
and components

4. 1945 to 1980
End of the Second World War, the United Kingdom enjoyed a long
period without a major recession (from 1945 to 1973)
Rapid growth in prosperity in the 1950s and 1960s, with
unemployment staying low
The 1973 oil crisis and the 1973–1974 stock market crash

5. 1979 to 1997
During the 1980s most state-owned enterprises were privatized, taxes
cut, union reforms passed and markets deregulated
GDP fell 5.9% initially but growth subsequently returned and rose to 5%
at its peak in 1988, one of the highest rates of any European nation
increase in unemployment was substantially due to government
economic policy
Popularity of the Conservative government failed to improve with the
economic upturn

6. 1997 to 2008
Labor Party, led by Tony Blair made decision to keep taxes
relatively low and abandon traditional Labor policies including public
ownership of industries and utilities.
The previous 15 years had seen one of the highest economic
growth rates of major developed economies during that time and
certainly the strongest of any European nation
GDP growth had briefly reached 4% per year

7. 2008 to present day
UK entered a recession in Q2 of 2008 and exited it in Q4 of
2009, according to Office for National Statistics
In Q1 of 2012, the UK economy was thought to have entered
a double-dip recession by posting two consecutive negative
quarters of growth
The UK has lost its triple-A credit rating on the basis of poor
economic outlook.
In 2013 Q1 the economy grew by 0.5%, in Q2 the economy
grew by 0.7%, in Q3 the economy grew by 0.8% and in Q4 the
economy grew by 0.7%.
2014 continues this trend, with both Q1 and Q2 growing by
0.8% respectively.

8. The UK has the world’s eighth largest
economy in nominal GDP-terms
The UK has the fourth highest GDP per
capita in the G7
During the downturn, the UK saw one
of the largest falls in real GDP among G7
countries

10. 0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
1948
1951
1954
1957
1960
1963
1966
1969
1972
1975
1978
1981
1984
1987
1990
1993
1996
1999
2002
2005
2008
2011
Real GDP
£ trillion

11. 28.96
Employment
29.019
29.166
29.2
29.15
29.1
29.05
29
28.95
28.9
28.85
2009 2010 2011
Employment

12. 7.65
Unemployment Rate
7.85
8.1
8.2
8.1
8
7.9
7.8
7.7
7.6
7.5
7.4
2009 2010 2011
Unemployment Rate

13. •29.84 million people were in work in
May to July 2013
• the employment level rose 80,000 on
the previous quarter
•275,000 on the year the employment
rate is 71.6%, up 0.2 points on the
quarter and up 0.4 points on the year
29.5
29
28.5
2009 2010 2011
Employment
9
7 8
2009 2010 2011
Unemployment Rate

15. Population (Million)
France
Germany
Japan
United Kingdom
United States

16. United
States
Japan
Germany
France
United
Kingdom
Gross domestic product, current prices
2009 2010 2011

17. 140
120
100
80
60
40
20
0
160
Employment
2009
2010
2011
2012
2013

18. 12
10
8
6
4
2
0
Unemployment Rate
2009
2010
2011
2012
2013
2014