The most important statistics

- Inflation 3%
- Economic Growth 2.5%
- Unemployment 5.3%
- Interest Rates 5%
- Current Account deficit 4.2%
- Government borrowing 2.8%

- These statistics taken from National Statistics online. [link]
- Note many forecast a deterioration in these statistics. Some statistics take a while to get updated.

### Inflation Figures

- CPI Inflation – 3%
- RPI inflation – 4.2%
- note CPI inflation is the official method it excludes housing costs and taxes.
- Inflation at National Statistics

### GDP and Economic Growth

- GDP Growth in last quarter Q1 2008 – 0.4%
- Annual Rate of growth in past 12 months – 2.5%
- This is very close to the long run trend rate of growth
- GDP at National Statistics

### Interest Rates

- Base Rates are currently 5%. They have been reduced from 5.5% since start of year
- Bank of England interest rate decisions link here
- Forecasts for interest rates 2008/09

### Balance of Payments

- Current account deficit in last quarter of 2007 was £8.5bn or 2% of GDP, lower than Q3 where deficit was 5.5% of GDP
- Total current account deficit for last year was £57.8 bn or 4.2% of GDP
- Current account deficit for 2006 was £50.7bn or 3.8% of GDP

### Government Debt

- Government deficit (the amount government spending greater than tax) was £39.4bn or 2.8% of GDP
- Total National Debt was £618.8 billion, equivalent to 43.8 per cent of GDP.

### Unemployment

- Unemployment in UK has increased to 5.3% in May or 1.64 million (Labour Force Survey)
- The Claimant Count method suggests 819,300 in May 2008 were unemployed up on April, but down 58,100 on last year

i think this is great thanks (:

i think the world is about ballence if firms are in trouble,let them go, make space for new upcomers

This is really great thanks could possibly let me know where you got these graphs?

At National statistics. There is actually a link under graphs taking you to initial page at ONS

well the graphic representation of the state of the economy gave me a good picture, but now im depressed. And on top of that im being evicted…. not a good time to be homeless huh? well i hope this recession lets up soon

I think this is good thanks for sharing

what the hell are these people on about?

why are there so many information?

I just want to know the current state!