Markets Actual Q2 Q3 Q4 Q1 2022
Stock Market (points) 7139.80 6939 6804 6672 6543 6284
Currency 1.40 1.38 1.37 1.36 1.36 1.34
Government Bond 10Y (%) 0.78 0.85 0.91 0.98 1.06 1.21

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.30 4.8 4.2 2.3 1.5 0.9
GDP Annual Growth Rate (%) -7.30 17.5 7.5 3.8 4 6.5
Unemployment Rate (%) 4.90 5.5 5.8 5.6 6.4 6.1
Inflation Rate (%) 0.70 1.4 1.6 1.8 1.7 2
Inflation Rate Mom (%) 0.30 0.3 0.4 0.4 0.4 0.5
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Balance of Trade (GBP Million) -7123.00 -1150 240 -2800 1200 -800
Current Account (GBP Million) -26300.00 -18000 -20000 -27400 -18700 -22600
Current Account to GDP (%) -3.50 -4.4 -4.4 -4.4 -3.6 -3.6
Government Debt to GDP (%) 100.20 107 107 107 110 110
Government Budget (% of GDP) -16.90 -10 -10 -10 -4.4 -4.4
Services PMI (points) 61.00 54 53.2 52 53.2 52.9
Business Confidence (points) 38.00 -10 15 5 -6 -6
Manufacturing PMI (points) 60.90 55 53.6 52 52.8 52.6
Consumer Confidence (points) -15.00 -14 -10 -8 -6 -6
Retail Sales MoM (%) 5.40 -1.6 -0.8 0.6 1.2 0.7
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.30 4.8 4.2 2.3 1.5 0.9
GDP Annual Growth Rate (%) -7.30 17.5 7.5 3.8 4 6.5
GDP (USD Billion) 2829.11 2460 2460 2460 2990 2990
GDP Constant Prices (GBP Million) 504742.00 500781 535811 523922 524932 557977
Gross National Product (GBP Million) 538785.00 540220 574316 559259 560336 595611
Gross Fixed Capital Formation (GBP Million) 93469.00 88427 96261 97021 97208 103327
GDP per capita (USD) 43688.40 41100 41100 41100 41900 41900
GDP per capita PPP (USD) 46699.30 45200 45200 45200 45910 45910
Economic Activity Index (%) -7.80 15.9 7.5 3.8 4 6.5
GDP From Agriculture (GBP Million) 2922.00 3229 3116 3033 3039 3230
GDP From Construction (GBP Million) 29141.00 23587 30502 30248 30307 32215
GDP From Manufacturing (GBP Million) 45261.00 42427 47095 46981 47071 50035
GDP From Mining (GBP Million) 4719.00 5801 5275 4898 4908 5217
GDP From Public Administration (GBP Million) 24633.00 28715 26403 25569 25618 27231
GDP From Services (GBP Million) 359787.00 361905 382851 373459 374178 397734
GDP From Transport (GBP Million) 17224.00 16041 17674 17879 17913 19041

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 4.90 5.5 5.8 5.6 6.4 6.1
Employed Persons (Thousand) 32430.00 29750 29950 30100 30900 32200
Unemployed Persons (Thousand ) 2673.70 2900 2800 2550 2510 2050
Employment Rate (%) 75.10 75.2 75.4 75.8 76 76.2
Claimant Count Change (Thousand) 10.10 -86 -40 -32 -60 -26
Labor Force Participation Rate (%) 79.10 78.4 78.5 78.8 79 79.2
Long Term Unemployment Rate (%) 1.00 2.5 2.2 2 1.5 1.4
Youth Unemployment Rate (%) 14.30 14.9 15.2 15 15.8 15.8
Productivity (points) 100.00 99.1 99.5 100 101 101
Labour Costs (points) 112.00 118 112 114 114 116
Job Vacancies (Thousand) 607.00 560 640 690 710 750
Wages (GBP/Week) 568.00 542 574 580 582 589
Wages in Manufacturing (GBP/Week) 632.00 606 637 641 641 651
Wage Growth (%) 4.50 2.2 2.5 1.6 1.7 1.5
Minimum Wages (GBP/Hour) 8.72 9.15 9.15 9.15 9.15 9.5
Population (Million) 67.03 67.33 67.33 67.33 67.71 67.71
Retirement Age Women 66.00 66 66 66 66 66
Retirement Age Men 66.00 66 66 66 66 66
Average Weekly Hours (Hours) 29.60 30 29 31 31 32
Employment Change (Thousand) -73.00 36 25 50 75 30

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 0.70 1.4 1.6 1.8 1.7 2
Inflation Rate Mom (%) 0.30 0.3 0.4 0.4 0.4 0.5
Consumer Price Index CPI (points) 109.41 110 111 111 111 113
Harmonised Consumer Prices (points) 109.41 110 111 111 111 113
Core Consumer Prices (points) 110.00 111 111 112 112 114
Core Inflation Rate (%) 1.10 1.4 1.3 1.6 1.5 1.8
GDP Deflator (points) 107.73 114 110 110 110 112
Producer Prices Change (%) 1.90 1.9 1.5 1.6 1.7 2.3
Food Inflation (%) -1.40 0.8 1.1 1.5 1.4 2.4
Inflation Expectations (%) 2.80 2.2 1.7 1.9 2 1.9
Retail Price Index (%) 1.50 1.7 1.4 1.5 1.6 2.2
Producer Prices (points) 110.60 110 109 110 112 113
CPI Housing Utilities (points) 105.20 107 108 107 107 109
CPI Transportation (points) 115.90 113 115 116 118 119
Core Producer Prices (points) 111.90 112 112 112 114 115

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Interbank Rate (%) 0.08 0.09 0.09 0.09 0.09 0.09
Money Supply M0 (GBP Million) 95668.00 99700 100500 99100 101500 102900
Money Supply M1 (GBP Million) 2241764.00 2259000 2298000 2250800 2295100 2360800
Money Supply M2 (GBP Million) 2862773.00 2899100 2926000 2919100 2934200 2989100
Money Supply M3 (GBP Million) 3318055.00 3380000 3422000 3410000 3460000 3550000
Banks Balance Sheet (GBP Million) 4248948.00 4360000 4450000 4590000 4630000 4700000
Central Bank Balance Sheet (GBP Million) 951774.00 937200 951600 945200 941500 936100
Loans to Private Sector (GBP Million) 2654482.00 2860000 2860000 2880000 2890000 2920000
Deposit Interest Rate (%) 0.00 0 0 0 0 0
Lending Rate (%) 0.35 0.35 0.35 0.35 0.35 0.35
Private Debt to GDP (%) 190.30 230 230 230 227 227

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (GBP Million) -7123.00 -1150 240 -2800 1200 -800
Current Account (GBP Million) -26300.00 -18000 -20000 -27400 -18700 -22600
Current Account to GDP (%) -3.50 -4.4 -4.4 -4.4 -3.6 -3.6
Imports (GBP Million) 53302.00 47200 49100 51500 52600 55500
Exports (GBP Million) 46179.00 47440 52000 52700 53200 54700
External Debt (GBP Million) 7287334.00 7754000 7702000 7697000 7664000 7627000
Capital Flows (GBP Million) 37969.00 18900 16400 12900 22600 16600
Foreign Direct Investment (GBP Million) -2769.00 16200 -10400 9900 18900 10500
Gold Reserves (Tonnes) 310.29 310 310 310 310 310
Crude Oil Production (BBL/D/1K) 980.00 750 750 750 800 800
Goods Trade Balance (GBP Million) -16442.00 -13260 -12200 -10800 -12800 -14800
Tourism Revenues (GBP Million) 780.00 1850 1800 1940 1750 2240
Tourist Arrivals (Thousand) 1446.00 2800 2650 2440 2890 2910

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 100.20 107 107 107 110 110
Government Budget (% of GDP) -16.90 -10 -10 -10 -4.4 -4.4
Government Budget Value (GBP Million) -28005.00 -32600 -32200 -18440 -17500 -12600
Government Spending (GBP Million) 104020.00 109000 108200 109500 108400 111200
Government Spending to GDP (%) 54.40 46 46 46 42 42
Government Debt (GBP Billion) 2141.70 2510 2490 2210 2060 2300
Government Revenues (GBP Million) 65089.00 49800 51200 62270 57600 65270
Asylum Applications (persons) 3160.00 1380 1250 1910 1150 1810

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 27.80 27.8 27.8 25.8 27.8 27.8
Social Security Rate For Companies (%) 13.80 13.8 13.8 13.8 13.8 13.8
Social Security Rate For Employees (%) 14.00 14 14 12 14 14

Business Actual Q2 Q3 Q4 Q1 2022
Services PMI (points) 61.00 54 53.2 52 53.2 52.9
Business Confidence (points) 38.00 -10 15 5 -6 -6
Manufacturing PMI (points) 60.90 55 53.6 52 52.8 52.6
Industrial Production (%) -3.50 14.8 5.1 5 3.2 2.6
Industrial Production Mom (%) 1.00 0.8 0.6 1 0.8 0.7
Manufacturing Production (%) -4.20 19 5.9 6 4.5 3.6
Capacity Utilization (%) 73.90 78 77 75 76 80
New Orders (GBP Million) 9923.00 12500 13200 12180 12500 13600
Factory Orders (Net Balance) -8.00 10 9 12 10 8
Bankruptcies (Companies) 2384.00 4500 4200 5800 5100 4400
Corporate Profits (GBP Million) 116632.00 114000 112200 115000 119000 122000
Zew Economic Sentiment Index 60.40 25 9 5 10 5
Car Production (Units) 115498.00 108000 119200 87000 81000 99000
Car Registrations 141583.00 185000 289000 136000 256200 169000
Small Business Sentiment 29.00 -2 15 6 9 5
Leading Economic Index (%) -1.60 4.8 4.2 2.3 1.5 0.9
Steel Production (Thousand Tonnes) 710.00 850 800 800 800 850
Private Investment (%) 5.90 4 4.5 3.6 2.5 1.5
Mining Production (%) -11.30 10.6 6.2 4 3.6 2.3
Composite PMI (points) 60.70 54.5 53.2 53.4 54 53.8

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) -15.00 -14 -10 -8 -6 -6
Retail Sales MoM (%) 5.40 -1.6 -0.8 0.6 1.2 0.7
Retail Sales YoY (%) 7.20 7.4 6.5 2.6 2 3.4
Consumer Spending (GBP Million) 318772.00 315550 343237 330885 331523 352393
Disposable Personal Income (GBP Million) 370173.00 415684 395510 384240 384980 409215
Personal Savings (%) 15.60 12 13 10 9 7
Bank Lending Rate (%) 1.10 1.1 1.1 1.1 1.1 1.1
Gasoline Prices (USD/Liter) 1.77 1.55 1.47 1.37 1.33 1.26
Households Debt To GDP (% of GDP) 88.90 92 92 92 88 88
Consumer Credit (GBP Million) -535.00 -774 -928 -837 -556 -891
Cbi Distributive Trades (Net Balance) 20.00 20 9 7 5 9

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Starts (units) 42110.00 29460 30900 32330 34600 38710
Construction Output (%) -4.30 25.1 6.5 5.1 4.3 3.8
Housing Index (points) 439.00 436 430 425 422 429
Mortgage Approvals (Thousand) 82.74 76 62 66 74 78
Home Loans (GBP Million) 11832.00 6500 4900 3600 4000 2900
Home Ownership Rate (%) 65.20 64 64 64 63 63
Nationwide Housing Prices (points) 476.44 468 466 464 460 466
Construction PMI (points) 61.60 55 53.2 53.8 54 54.5
Construction Orders (%) -12.90 37 4.5 5 4.4 3.7


This page has economic forecasts for the United Kingdom including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the the United Kingdom economy.