United Kingdom (UK, Great Britain or the British Isles) General Government Structural Balance (% Potential GDP) Statistics

20, Nov 2019, EST.

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Country or Region: United Kingdom (UK, Great Britain or the British Isles) › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all United Kingdom indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: United Kingdom Pound (Sterling)
Currency Symbol: GBP

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for United Kingdom (UK, Great Britain or the British Isles), Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for United Kingdom in year 2015 is -4.148 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes United Kingdom No. 59 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; United Kingdom is 3.26 less than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for United Kingdom was -4.92 % General Government Structural Balance (% Potential GDP) for United Kingdom in 2015 was or will be 15.73% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for United Kingdom was or will be -3.06 %, which is 26.13% less than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for United Kingdom, in other Years
Year %
  2021 0.637
  2020 0.547
  2019 0.079
  2018 -1.313
  2017 -2.179
  2016 -3.064
2015 -4.148
  2014 -4.922
  2013 -4.246
  2012 -6.043
  2011 -6.026
  2010 -7.568
  2009 -9.034
  2008 -5.932
  2007 -4.844
  2006 -4.358
  2005 -4.564
  2004 -4.307
  2003 -3.968
  2002 -2.402
  2001 -0.002
  2000 0.824
  1999 0.773
  1998 -0.01
  1997 -1.555
  1996 -3.074
  1995 -4.498
  1994 -5.005
  1993 -5.175
  1992 -3.809
  1991 -1.971
  1990 -2.817
  1989 -2.821
  1988 -2.574
  1987 -2.592
  1986 -1.915
  1985 -1.728
  1984 -1.883
  1983 -1.418
  1982 0.055
  1981 -2.08
  1980 n/a