21 Mar

United Kingdom Economic Statistics part-II

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United Kingdom/ GDP- Agriculture 
 
GDP- Agriculture in the UK greater than before 2953 GBP Million in the year end of 2015 since 2936 GBP Million in the half-yearly of 2015. 
 
GDP- Agriculture in the UK averaged 2539.36 GBP Million since 1990 until 2015, reaching an all-time high of 3009 GBP Million in the year end of 2014 & a record low of 2156 GBP Million in the half-yearly of 1996.
 
UK- Youth Unemployment Rate
 
Youth Unemployment Rate in the UK (England) remains unmoved at 13.40% in December from 13.40% in November 2015
Youth Unemployment Rate in the UK (England) averaged 15.32% since 1983 until 2015, reaching an all-time high of 22.40%t in September 2011 & a record low of 9.70% in August 1989. 
 
Youth Unemployment Rate in the UK is reported by the Euro statics.
 
UK- Average Weekly Earnings Growth
 
Average weekly earnings including bonuses in the UK (England)  rose 2.1% annual to 497Pound per week in the first 3 months to January 2016, compared to a 1.9% increase in the previous time & higher than market expectations of 2%. 
Excluding bonuses, wage growth improved 2.2% & advanced than marketplace forecasts for a 2.1% grow. 
Wage Growth in the UK (England)  averaged 2.96% since 2001 until 2015, reaching an all-time high of 6.60% in
February 2007& a record low of -2.90% in April 2009. 
 
In the United Kingdom, wage increase refers to changes in average weekly earnings, before tax and other deductions and including bonuses.
 
UK- Average Weekly Wages 
 
Wages in the United Kingdom increased to 497 GBP/Week in January from 496 GBP/Week in December of 2015.
 
Wages in the United Kingdom averaged 416.37 GBP/Week from 2000 until 2016, reaching an all-time high of 497 GBP/Week in January of 2016 and a record low of 306 GBP/Week in February of 2000. Wages in the United Kingdom is reported by the Office for National Statistics.
 
UK- Interest Rate
 
The Bank of England Monetary Policy Committee voted generally to uphold the Bank Rate at 0.5% & leave the stock of purchased resources at 375 billion Pound on 17th March 2016 as broadly anticipated. 
 
Policymakers thought inflation stays weak & noted that the indecision nearby the referendum on UK membership of the European Union might delay spending decision & lower growth.
 
 Interest Rate in the UK averaged 7.86% since 1971 until 2016, touching an all-time high of 17% in November 1979 & a record low of 0.50% in March 2009. 
 
Interest Rate in the United Kingdom is reported by the BOE (Bank of England).
 
In the United Kingdom, a standard interest rate is set by the Monetary Policy Committee (MPC). The BOE authorized interest rate is the repo rate. These repo rates apply to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms). 
 
UK- Export Prices 
 
Export Prices in the UK improved to 88.20 Index Points in January since 87.90 Index Points in December 2015. 
Export Prices in the UK averaged 64.49 Index Points since 1970 until 2016, getting an all time high of 103.10 Index Points in March 2013 & a record low of 12.20 Index Points in January 1970. 
 
In the UK Export Prices keep in touch with the rate of adjusting the prices of goods & services sold by people of that country to foreign buyers. Export Prices are heavily affected by exchange rates.
 
UK- Import Prices 
 
Import Prices in the UK remain unchanged at 88.50 Index Points in January since 88.50 Index Points in December 2015. 
 
Import Prices in the UK averaged 65.41 Index Points since 1970 until 2016, touching an all-time high of 102.70 Index Points in February 2013 & a record low of 12 Index Points in February 1970.
 
In the UK, Import Prices communicate to the rate of adjusting the prices of goods & services purchased by people of that country from, & supplied by, overseas sellers. Import Prices are heavily affected by exchange rates
 
UK- Foreign Exchange Reserves  
 
Foreign Exchange Reserves in the UK decrease at the point of 134342.80 US Million dollars in February since 135180.88 US Million dollars  in January 2016. 
 
Foreign Exchange Reserves in the UK averaged 67167.30 USD Million since 1999 until 2016, getting an all time high of 135180.88 US Million dollars in January 2016 & a record low of 35190.42 US Million dollars in February 2000. FER in the UK is reported by the HM Treasury.
 
In the UK, Foreign Exchange Reserves are the foreign resources held or forbidden by the country of a central bank. The reserves are made of gold/ a particular currency. They can also be unusual sketch rights & marketable securities denominated in overseas currencies like government bonds, equities, corporate bonds, & foreign currency, loans & treasury bills.
 
UK- Current Account
 
The UK's current account shortage was recorded at 17.5 billion Pound in three-quarter of 2015, unmoved from an upwardly revise shortage of 17.5 billion Pound in the earlier quarter. The gap was equivalent to 3.7% of GDP at present market prices, down since 3.8% in Q2. 
 
The total trade shortfall widened to 8.7 billion Pound since 4.7 billion Pound in Q2 as goods shortage rises to 5.4 billion euro & services excess improved to 1.4 billion Pound. 
 
The primary income shortfall tapering to 3.3 billion Pound, since 6.6 billion Pound, as straight investment & portfolio investment expenses, decline. The shortfall in secondary income pointed by 0.8 billion Pound to 5.5 billion Pound, since 6.2 billion Pound, due to reducing in payment.
 
 Current Account in the UK averaged -3170.98 Million pound since 1946 until 2015, touching an all-time high of 2693Million pound in the 1st three months of 1981 & a record low of -28833 Million pound in the last three months of 2014. Current Account in the UK (United Kingdom) is reported by the Office for National Statistics.
Current Account is nothing but a sum of the balance of trade (exports minus(-) imports of goods & services), net factor income (such as interest & dividends) and net transfer payments (such as overseas aid).
 
UK- Net Foreign Direct Investment 
 
Foreign Direct Investment in the UK improved by 22369 Million pound in the earlier the year of 2015. 
 
Foreign Direct Investment in the UK averaged 11040.73 Million pound since 1987 until 2015, getting an all time high of 82539 Million pound in the year end of 2005 & a record low of -44536 Million pound in the half-yearly of 2009.
 
UK- Gold Reserves 
 
Gold Reserves in the UK remain unmoved at 310.29 Tons in the year end of 2015 since 310.29 Tons in the early year of 2015. 
 
Gold Reserves in the UK averaged 330.48 Tons since 2000 until 2015, touching an all-time high of 588.27 Tons in the first half year of 2000 & a record low of 310.25 Tons in the final quarter of 2006. 
 
Gold Reserves in the UK is reported to the World Gold Council.
 
Gold Reserves are country’s gold assets held or controlled by the central bank.
 
UK- Crude Oil Production 
 
Crude Oil Production in the UK improved to 978 BBL/D/1K in November since 26 BBL/D/1K in June 2015. Crude Oil Production in the UK averaged 1640.53 BBL/D/1K since 1973 until 2015, touching an all-time high of 2747 BBL/D/1K in January 1985 & a record low of 1 BBL/D/1K in January 1975. 
 
Crude Oil Production in the UK is reported to the U.S. Energy Information Administration.
 
UK- Consumer Price Index (CPI)
 
Consumer Price Index CPI in the UK decrease to 99.55 Index Points in January since 100.34 Index Points in December 2015. 
 
CPI in the UK averaged 75.80 Index Points since 1988 until 2016, getting an all time high of 100.40 Index Points in October 2014 & a record low of 48.40 Index Points in January 1988.
 
In the UK, the Consumer Price Index/CPI measures change in the prices paid by consumers for a case of goods & services. 
 
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