Report for Selected Countries and Subjects: April 2020
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Gross domestic product per capita, constant prices
Purchasing power parity; percent change
0.737
0.754
-7.041
3.484
United Kingdom
Unemployment rate
Percent of total labor force
4.075
3.825
4.825
4.375
United Kingdom
General government net lending/borrowing
Percent of GDP
-2.217
-2.080
-8.310
-5.473
United Kingdom
Current account balance
Percent of GDP
-3.865
-3.782
-4.380
-4.480
Country
Subject Descriptor
Units
Scale
Country/Series-specific Notes
2018
2019
2020
2021
Estimates Start After
United Kingdom
Gross domestic product, constant prices
Percent change
Source: National Statistics Office
Latest actual data: 2019
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2016
Chain-weighted: Yes, from before 1980
1.341
1.409
-6.502
4.035
2019
United Kingdom
Gross domestic product per capita, constant prices
Purchasing power parity; percent change
Source: National Statistics Office
Latest actual data: 2019
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2016
Chain-weighted: Yes, from before 1980
0.737
0.754
-7.041
3.484
2019
United Kingdom
Unemployment rate
Percent of total labor force
Source: National Statistics Office
Latest actual data: 2019
Employment type: Harmonized ILO definition
Primary domestic currency: Pound sterling
Data last updated: 04/2020
4.075
3.825
4.825
4.375
2019
United Kingdom
General government net lending/borrowing
Percent of GDP
Source: National Statistics Office. Data does not take into account statistical revisions (including on student loans accounting) implemented on September 24, 2019.
Latest actual data: 2019
Fiscal assumptions: Fiscal projections are based on the U.K.'s Budget Statement 2020. Expenditure projections are based on the budgeted nominal values adjusted to account for subsequent announcements of measures to respond to the outbreak of coronavirus. Revenue projections are adjusted for differences between IMF staff forecasts of macroeconomic variables (such as GDP growth and inflation) and the forecasts of these variables assumed in the authorities' fiscal projections (which did not incorporate the impact of the outbreak of coronavirus). IMF staff data exclude public sector banks and the effect of transferring assets from the Royal Mail Pension Plan to the public sector in April 2012. Real government consumption and investment are part of the real GDP path, which, according to the IMF staff, may or may not be the same as projected by the U.K. Office for Budget Responsibility. Fiscal year GDP is different from current year GDP. The fiscal accounts are presented in terms of fiscal year. Projections incorporate accounting revisions (including on student loans) implemented on September 24, 2019.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government;. The concept of "state government" and "social security funds" is not applicable to the UK.
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans;. Net debt is defined as total gross financial liabilities less liquid financial assets, where liquid assets are cash and short-term assets, which can be released for cash at short notice without significant loss
-2.217
-2.080
-8.310
-5.473
2019
United Kingdom
Current account balance
Percent of GDP
Source: National Statistics Office
Latest actual data: 2019
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
-3.865
-3.782
-4.380
-4.480
2019
International Monetary Fund, World Economic Outlook Database April 2020