World Economic Outlook Database, April 2019

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       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorUnitsScaleCountry/Series-specific Notes20182019
United KingdomGross domestic product, constant pricesNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
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
Primary domestic currency: British pound
Data last updated: 03/20192,033.4552,057.384
United KingdomGross domestic product, constant pricesPercent change See notes for: 
Gross domestic product, constant prices (National currency).1.3981.177
United KingdomGross domestic product, current pricesNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
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
Primary domestic currency: British pound
Data last updated: 03/20192,117.7242,181.948
United KingdomGross domestic product, current pricesU.S. dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).2,828.6442,829.163
United KingdomGross domestic product, current pricesPurchasing power parity; international dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).3,037.7873,128.185
United KingdomGross domestic product, deflatorIndex See notes for: 
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).104.144106.054
United KingdomGross domestic product per capita, constant pricesNational currencyUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).30,594.07830,768.113
United KingdomGross domestic product per capita, constant pricesPurchasing power parity; 2011 international dollarUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).40,626.72040,857.826
United KingdomGross domestic product per capita, current pricesNational currencyUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).31,861.93632,630.960
United KingdomGross domestic product per capita, current pricesU.S. dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).42,557.99542,310.035
United KingdomGross domestic product per capita, current pricesPurchasing power parity; international dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).45,704.62146,781.899
United KingdomOutput gap in percent of potential GDPPercent of potential GDP See notes for: 
Gross domestic product, constant prices (National currency).-0.015-0.270
United KingdomGross domestic product based on purchasing-power-parity (PPP) share of world totalPercent See notes for: 
Gross domestic product, current prices (National currency).2.2472.202
United KingdomImplied PPP conversion rateNational currency per current international dollar See notes for: 
Gross domestic product, current prices (National currency).0.6970.698
United KingdomTotal investmentPercent of GDP Source: National Statistics Office
Latest actual data: 2018
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
Primary domestic currency: British pound
Data last updated: 03/201917.19117.243
United KingdomGross national savingsPercent of GDP Source: National Statistics Office
Latest actual data: 2018
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
Primary domestic currency: British pound
Data last updated: 03/201913.33613.092
United KingdomInflation, average consumer pricesIndex Source: National Statistics Office. For data prior to 1988, the source is the WEO - World Economic Outlook.
Latest actual data: 2018. Our PCPIE (end-period CPI data) is for December each year
Notes: Data prior to 1988 cannot be confirmed by national sources at this time.
Harmonized prices: Yes
Frequency of source data: Monthly
Base year: 2015
Primary domestic currency: British pound
Data last updated: 03/2019105.922107.867
United KingdomInflation, average consumer pricesPercent change See notes for: 
Inflation, average consumer prices (Index).2.4781.837
United KingdomInflation, end of period consumer pricesIndex Source: National Statistics Office. For data prior to 1988, the source is the WEO - World Economic Outlook.
Latest actual data: 2018. Our PCPIE (end-period CPI data) is for December each year
Notes: Data prior to 1988 cannot be confirmed by national sources at this time.
Harmonized prices: Yes
Frequency of source data: Monthly
Base year: 2015
Primary domestic currency: British pound
Data last updated: 03/2019106.815108.753
United KingdomInflation, end of period consumer pricesPercent change See notes for: 
Inflation, end of period consumer prices (Index).2.2731.815
United KingdomVolume of imports of goods and servicesPercent change Source: National Statistics Office
Latest actual data: 2018
Base year: 2006
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1980
Trade System: General trade
Excluded items in trade: N/A
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: British pound
Data last updated: 03/20190.6603.148
United KingdomVolume of Imports of goodsPercent change Source: National Statistics Office
Latest actual data: 2018
Base year: 2006
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1980
Trade System: General trade
Excluded items in trade: N/A
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: British pound
Data last updated: 03/2019-0.5512.937
United KingdomVolume of exports of goods and servicesPercent change Source: National Statistics Office
Latest actual data: 2018
Base year: 2006
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1980
Trade System: General trade
Excluded items in trade: N/A
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: British pound
Data last updated: 03/20190.1162.448
United KingdomVolume of exports of goodsPercent change Source: National Statistics Office
Latest actual data: 2018
Base year: 2006
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1980
Trade System: General trade
Excluded items in trade: N/A
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: British pound
Data last updated: 03/2019-0.1040.788
United KingdomUnemployment ratePercent of total labor force Source: National Statistics Office
Latest actual data: 2018
Employment type: Harmonized ILO definition
Primary domestic currency: British pound
Data last updated: 03/20194.0754.229
United KingdomEmploymentPersonsMillionsSource: National Statistics Office
Latest actual data: 2018
Employment type: Harmonized ILO definition
Primary domestic currency: British pound
Data last updated: 03/201932.43932.646
United KingdomPopulationPersonsMillionsSource: National Statistics Office
Latest actual data: 2017
Primary domestic currency: British pound
Data last updated: 03/201966.46666.867
United KingdomGeneral government revenueNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019780.391807.260
United KingdomGeneral government revenuePercent of GDP See notes for: 
General government revenue (National currency).36.85036.995
United KingdomGeneral government total expenditureNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019810.526836.698
United KingdomGeneral government total expenditurePercent of GDP See notes for: 
General government total expenditure (National currency).38.27338.344
United KingdomGeneral government net lending/borrowingNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019-30.135-29.439
United KingdomGeneral government net lending/borrowingPercent of GDP See notes for: 
General government net lending/borrowing (National currency).-1.423-1.349
United KingdomGeneral government structural balanceNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019-30.473-26.425
United KingdomGeneral government structural balancePercent of potential GDP See notes for: 
General government structural balance (National currency).-1.428-1.197
United KingdomGeneral government primary net lending/borrowingNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/20192.5461.628
United KingdomGeneral government primary net lending/borrowingPercent of GDP See notes for: 
General government primary net lending/borrowing (National currency).0.1200.075
United KingdomGeneral government net debtNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/20191,641.3811,662.335
United KingdomGeneral government net debtPercent of GDP See notes for: 
General government net debt (National currency).77.50776.181
United KingdomGeneral government gross debtNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/20191,839.3931,869.282
United KingdomGeneral government gross debtPercent of GDP See notes for: 
General government gross debt (National currency).86.85785.665
United KingdomGross domestic product corresponding to fiscal year, current pricesNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/20192,117.7242,182.077
United KingdomCurrent account balanceU.S. dollarsBillionsSource: National Statistics Office
Latest actual data: 2018
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: British pound
Data last updated: 03/2019-109.052-117.433
United KingdomCurrent account balancePercent of GDP See notes for: 
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).-3.855-4.151
Notes
  Country/Series-specific Notes  
  United Kingdom: Gross domestic product, constant prices (National currency)
Source: National Statistics Office
Latest actual data: 2018
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
Primary domestic currency: British pound
Data last updated: 03/2019


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 Statistics Office
Latest actual data: 2018
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
Primary domestic currency: British pound
Data last updated: 03/2019


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, current prices (Purchasing power parity; international 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, constant prices (Purchasing power parity; 2011 international dollar)
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: Gross domestic product per capita, current prices (Purchasing power parity; international 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) 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: Total investment (Percent of GDP)
Source: National Statistics Office
Latest actual data: 2018
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
Primary domestic currency: British pound
Data last updated: 03/2019


United Kingdom: Gross national savings (Percent of GDP)
Source: National Statistics Office
Latest actual data: 2018
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
Primary domestic currency: British pound
Data last updated: 03/2019


United Kingdom: Inflation, average consumer prices (Index)
Source: National Statistics Office. For data prior to 1988, the source is the WEO - World Economic Outlook.
Latest actual data: 2018. Our PCPIE (end-period CPI data) is for December each year
Notes: Data prior to 1988 cannot be confirmed by national sources at this time.
Harmonized prices: Yes
Frequency of source data: Monthly
Base year: 2015
Primary domestic currency: British pound
Data last updated: 03/2019


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 Statistics Office. For data prior to 1988, the source is the WEO - World Economic Outlook.
Latest actual data: 2018. Our PCPIE (end-period CPI data) is for December each year
Notes: Data prior to 1988 cannot be confirmed by national sources at this time.
Harmonized prices: Yes
Frequency of source data: Monthly
Base year: 2015
Primary domestic currency: British pound
Data last updated: 03/2019


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


United Kingdom: Volume of imports of goods and services (Percent change)
Source: National Statistics Office
Latest actual data: 2018
Base year: 2006
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1980
Trade System: General trade
Excluded items in trade: N/A
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: British pound
Data last updated: 03/2019


United Kingdom: Volume of Imports of goods (Percent change)
Source: National Statistics Office
Latest actual data: 2018
Base year: 2006
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1980
Trade System: General trade
Excluded items in trade: N/A
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: British pound
Data last updated: 03/2019


United Kingdom: Volume of exports of goods and services (Percent change)
Source: National Statistics Office
Latest actual data: 2018
Base year: 2006
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1980
Trade System: General trade
Excluded items in trade: N/A
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: British pound
Data last updated: 03/2019


United Kingdom: Volume of exports of goods (Percent change)
Source: National Statistics Office
Latest actual data: 2018
Base year: 2006
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1980
Trade System: General trade
Excluded items in trade: N/A
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: British pound
Data last updated: 03/2019


United Kingdom: Unemployment rate (Percent of total labor force)
Source: National Statistics Office
Latest actual data: 2018
Employment type: Harmonized ILO definition
Primary domestic currency: British pound
Data last updated: 03/2019


United Kingdom: Employment (Persons)
Source: National Statistics Office
Latest actual data: 2018
Employment type: Harmonized ILO definition
Primary domestic currency: British pound
Data last updated: 03/2019


United Kingdom: Population (Persons)
Source: National Statistics Office
Latest actual data: 2017
Primary domestic currency: British pound
Data last updated: 03/2019


United Kingdom: General government revenue (National currency)
Source: National Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019


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 Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019


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 Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019


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 Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019


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 Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019


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 Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019


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 Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019


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 Statistics Office
Latest actual data: 2018
Fiscal assumptions: Fiscal projections are based on the U.K.’s Spring 2019, with expenditure projections based on the budgeted nominal values and with revenue projections 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. 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.
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
Primary domestic currency: British pound
Data last updated: 03/2019


United Kingdom: Current account balance (U.S. dollars)
Source: National Statistics Office
Latest actual data: 2018
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: British pound
Data last updated: 03/2019


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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