World Economic Outlook Database, October 2010

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       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorUnitsScaleCountry/Series-specific Notes200820092010
United KingdomGross domestic product, constant pricesNational currencyBillionsSource: National Statistical Office
Latest actual data: 2009
National accounts manual used: ESA 1995
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2006
Chain-weighted: Yes, from 1980
Primary domestic currency: Sterling pounds
Data last updated: 09/20101,363.1391,296.3901,318.456
United KingdomGross domestic product, constant pricesPercent change See notes for: 
Gross domestic product, constant prices (National currency).-0.065-4.8971.702
United KingdomGross domestic product, current pricesNational currencyBillionsSource: National Statistical Office
Latest actual data: 2009
National accounts manual used: ESA 1995
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2006
Chain-weighted: Yes, from 1980
Primary domestic currency: Sterling pounds
Data last updated: 09/20101,445.5801,392.7051,464.718
United KingdomGross domestic product, current pricesU.S. dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).2,679.0132,178.8562,258.565
United KingdomGross domestic product, deflatorIndex See notes for: 
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).106.048107.429111.093
United KingdomGross domestic product per capita, constant pricesNational currencyUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).22,210.84320,977.70321,189.486
United KingdomGross domestic product per capita, current pricesNational currencyUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).23,554.12822,536.23723,540.134
United KingdomGross domestic product per capita, current pricesU.S. dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).43,651.55035,257.44936,298.387
United KingdomOutput gap in percent of potential GDPPercent of potential GDP See notes for: 
Gross domestic product, constant prices (National currency).0.425-3.983-2.744
United KingdomGross domestic product based on purchasing-power-parity (PPP) valuation of country GDPCurrent international dollarBillionsSee notes for: 
Gross domestic product, current prices (National currency).2,214.2522,125.1282,181.069
United KingdomGross domestic product based on purchasing-power-parity (PPP) per capita GDPCurrent international dollarUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).36,078.78034,388.03935,052.921
United KingdomGross domestic product based on purchasing-power-parity (PPP) share of world totalPercent See notes for: 
Gross domestic product, current prices (National currency).3.1963.0652.982
United KingdomImplied PPP conversion rateNational currency per current international dollar See notes for: 
Gross domestic product, current prices (National currency).0.6530.6550.672
United KingdomInvestmentPercent of GDP Source: National Statistical Office
Latest actual data: 2009
National accounts manual used: ESA 1995
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2006
Chain-weighted: Yes, from 1980
Primary domestic currency: Sterling pounds
Data last updated: 09/201016.64813.64914.445
United KingdomGross national savingsPercent of GDP Source: National Statistical Office
Latest actual data: 2009
National accounts manual used: ESA 1995
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2006
Chain-weighted: Yes, from 1980
Primary domestic currency: Sterling pounds
Data last updated: 09/201015.00312.53612.218
United KingdomInflation, average consumer pricesIndex Source: National Statistical Office. For data prior to 1988, the source is the WEO - World Economic Outlook.
Latest actual data: 2009
Notes: Data prior to 1988 cannot be confirmed by national sources at this time.
Harmonized prices: Yes
Frequency of source data: Quarterly
Base year: 2005
Primary domestic currency: Sterling pounds
Data last updated: 09/2010108.500110.800114.211
United KingdomInflation, average consumer pricesPercent change See notes for: 
Inflation, average consumer prices (Index).3.6292.1203.078
United KingdomInflation, end of period consumer pricesIndex Source: National Statistical Office. For data prior to 1988, the source is the WEO - World Economic Outlook.
Latest actual data: 2009
Notes: Data prior to 1988 cannot be confirmed by national sources at this time.
Harmonized prices: Yes
Frequency of source data: Quarterly
Base year: 2005
Primary domestic currency: Sterling pounds
Data last updated: 09/2010109.800112.100115.015
United KingdomInflation, end of period consumer pricesPercent change See notes for: 
Inflation, end of period consumer prices (Index).3.8792.0952.600
United KingdomUnemployment ratePercent of total labor force Source: National Statistical Office
Latest actual data: 2009
Employment type: Harmonized ILO definition
Primary domestic currency: Sterling pounds
Data last updated: 09/20105.5517.4537.876
United KingdomEmploymentPersonsMillionsSource: National Statistical Office
Latest actual data: 2009
Employment type: Harmonized ILO definition
Primary domestic currency: Sterling pounds
Data last updated: 09/201029.44128.97828.988
United KingdomPopulationPersonsMillionsSource: National Statistical Office
Latest actual data: 2007
Primary domestic currency: Sterling pounds
Data last updated: 09/201061.37361.79862.222
United KingdomGeneral government revenueNational currencyBillionsSource: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010546.011514.039534.247
United KingdomGeneral government revenuePercent of GDP See notes for: 
General government revenue (National currency).37.77136.90936.474
United KingdomGeneral government total expenditureNational currencyBillionsSource: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010616.908656.902683.225
United KingdomGeneral government total expenditurePercent of GDP See notes for: 
General government total expenditure (National currency).42.67547.16746.645
United KingdomGeneral government net lending/borrowingNational currencyBillionsSource: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010-70.897-142.863-148.978
United KingdomGeneral government net lending/borrowingPercent of GDP See notes for: 
General government net lending/borrowing (National currency).-4.904-10.258-10.171
United KingdomGeneral government structural balanceNational currencyBillionsSource: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010-81.136-119.989-119.460
United KingdomGeneral government structural balancePercent of potential GDP See notes for: 
General government structural balance (National currency).-5.637-8.272-7.932
United KingdomGeneral government primary net lending/borrowingNational currencyBillionsSource: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010-47.886-117.574-111.150
United KingdomGeneral government primary net lending/borrowingPercent of GDP See notes for: 
General government primary net lending/borrowing (National currency).-3.313-8.442-7.589
United KingdomGeneral government net debtNational currencyBillionsSource: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010659.559850.1561,008.296
United KingdomGeneral government net debtPercent of GDP See notes for: 
General government net debt (National currency).45.62661.04468.839
United KingdomGeneral government gross debtNational currencyBillionsSource: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010752.457953.8041,122.864
United KingdomGeneral government gross debtPercent of GDP See notes for: 
General government gross debt (National currency).52.05268.48676.661
United KingdomGross domestic product corresponding to fiscal year, current pricesNational currencyBillionsSource: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/20101,445.5801,392.7051,464.718
United KingdomCurrent account balanceU.S. dollarsBillionsSource: National Statistical Office
Latest actual data: 2009
BOP Manual used: BPM 5
Primary domestic currency: Sterling pounds
Data last updated: 09/2010-44.063-24.259-50.310
United KingdomCurrent account balancePercent of GDP See notes for: 
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).-1.645-1.113-2.228
Notes
  Country/Series-specific Notes  
  United Kingdom: Gross domestic product, constant prices (National currency)
Source: National Statistical Office
Latest actual data: 2009
National accounts manual used: ESA 1995
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2006
Chain-weighted: Yes, from 1980
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: Gross domestic product, constant prices (Percent change)
See notes for:
Gross domestic product, constant prices (National currency).


United Kingdom: Gross domestic product, current prices (National currency)
Source: National Statistical Office
Latest actual data: 2009
National accounts manual used: ESA 1995
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2006
Chain-weighted: Yes, from 1980
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: Gross domestic product, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency).


United Kingdom: Gross domestic product, deflator (Index)
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).


United Kingdom: Gross domestic product per capita, constant prices (National currency)
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).


United Kingdom: Gross domestic product per capita, current prices (National currency)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


United Kingdom: Gross domestic product per capita, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


United Kingdom: Output gap in percent of potential GDP (Percent of potential GDP)
See notes for:
Gross domestic product, constant prices (National currency).


United Kingdom: Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP (Current international dollar)
See notes for:
Gross domestic product, current prices (National currency).


United Kingdom: Gross domestic product based on purchasing-power-parity (PPP) per capita GDP (Current international dollar)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


United Kingdom: Gross domestic product based on purchasing-power-parity (PPP) share of world total (Percent)
See notes for:
Gross domestic product, current prices (National currency).


United Kingdom: Implied PPP conversion rate (National currency per current international dollar)
See notes for:
Gross domestic product, current prices (National currency).


United Kingdom: Investment (Percent of GDP)
Source: National Statistical Office
Latest actual data: 2009
National accounts manual used: ESA 1995
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2006
Chain-weighted: Yes, from 1980
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: Gross national savings (Percent of GDP)
Source: National Statistical Office
Latest actual data: 2009
National accounts manual used: ESA 1995
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2006
Chain-weighted: Yes, from 1980
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: Inflation, average consumer prices (Index)
Source: National Statistical Office. For data prior to 1988, the source is the WEO - World Economic Outlook.
Latest actual data: 2009
Notes: Data prior to 1988 cannot be confirmed by national sources at this time.
Harmonized prices: Yes
Frequency of source data: Quarterly
Base year: 2005
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: Inflation, average consumer prices (Percent change)
See notes for:
Inflation, average consumer prices (Index).


United Kingdom: Inflation, end of period consumer prices (Index)
Source: National Statistical Office. For data prior to 1988, the source is the WEO - World Economic Outlook.
Latest actual data: 2009
Notes: Data prior to 1988 cannot be confirmed by national sources at this time.
Harmonized prices: Yes
Frequency of source data: Quarterly
Base year: 2005
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: Inflation, end of period consumer prices (Percent change)
See notes for:
Inflation, end of period consumer prices (Index).


United Kingdom: Unemployment rate (Percent of total labor force)
Source: National Statistical Office
Latest actual data: 2009
Employment type: Harmonized ILO definition
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: Employment (Persons)
Source: National Statistical Office
Latest actual data: 2009
Employment type: Harmonized ILO definition
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: Population (Persons)
Source: National Statistical Office
Latest actual data: 2007
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: General government revenue (National currency)
Source: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: General government revenue (Percent of GDP)
See notes for:
General government revenue (National currency).


United Kingdom: General government total expenditure (National currency)
Source: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: General government total expenditure (Percent of GDP)
See notes for:
General government total expenditure (National currency).


United Kingdom: General government net lending/borrowing (National currency)
Source: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: General government net lending/borrowing (Percent of GDP)
See notes for:
General government net lending/borrowing (National currency).


United Kingdom: General government structural balance (National currency)
Source: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: General government structural balance (Percent of potential GDP)
See notes for:
General government structural balance (National currency).


United Kingdom: General government primary net lending/borrowing (National currency)
Source: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: General government primary net lending/borrowing (Percent of GDP)
See notes for:
General government primary net lending/borrowing (National currency).


United Kingdom: General government net debt (National currency)
Source: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: General government net debt (Percent of GDP)
See notes for:
General government net debt (National currency).


United Kingdom: General government gross debt (National currency)
Source: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: General government gross debt (Percent of GDP)
See notes for:
General government gross debt (National currency).


United Kingdom: Gross domestic product corresponding to fiscal year, current prices (National currency)
Source: National Statistical Office
Latest actual data: 2009
Fiscal assumptions: Fiscal projections are based on the authorities’ 2010 budget, announced in June 2010. These projections incorporate the announced medium-term consolidation plans from 2010 onwards. The projections are adjusted for differences in forecasts of macroeconomic and financial variables.
Start/end months of reporting year: January/December. Fiscal year is converted to calendar year using the following formula: t = (FYt-1/t)*(1/4) + (FYt/t+1)*(3/4)
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: Current account balance (U.S. dollars)
Source: National Statistical Office
Latest actual data: 2009
BOP Manual used: BPM 5
Primary domestic currency: Sterling pounds
Data last updated: 09/2010


United Kingdom: Current account balance (Percent of GDP)
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).


 
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