UK Economy Stats 2024

• 2023 Average Growth - 0.1%
• 2024 Predicted Growth - 0.8%
• UK GDP - £2.53 trilion
• UK Natural Rate of Unemployment - 3.5%
• Wage Growth - 5.6%
• Consumer Confidence - Very low
• Inflation Rate - 3.2%
• Peak Inflation Rate - 11.1% in October 2023
• Current Account Deficit - 3.2% of GDP
• UK Exchange Rate - Weak
• Budget Deficit - 4.2% of GDP
• National Debt - 98% of GDP
• Corporation Tax - 25%
• VAT - 20%
• UK Gini Coefficient - 0.357
• Base Rate - 5.25%
• Total Money Pumped Into The Economy From QE Since 2009 - £895 billion
• Unemployment Rate - 4.2%
• HDI Value for the UK - 0.804