The figure for GDP volume for the fourth quarter of 2009 has been revised again to 0.4% from 0.3% last month. The chained volume GDP index for Q4 was 100.9 and 100.4 for Q3. At current market prices the GDP index was 112.6 and in Q3 it was 111.3. In 2009 as a whole volume of GDP fell by 4.9%. Total volume of production rose by 0.4% and manufacturing output volume by 0.8%. The agricultural sector ouput fell by 1.5% compared with the previous quarter. Construction output decreased by 0.9% and services increased by 0.5%.
The household saving ratio was 7% compared with 8.4% in the last quarter. Real household disposable income fell by 1%. In terms of expenditure categories gross domestic expenditure increased by 0.8%, household final consumption increased by 0.4% and government final consumption increased by 1%. The volume of household spnding is now 2.1% lower than in 2008. Government final consumption for the year 2009 increased by by 2.2%. The GDP deflator at market prices increased by 0.7% and is 1.4% above the level it was at in 2008.
Gross fixed capital formation fell by 2.7% partly due to a fall in business investment of 4.3%. General goverment investment increased by 2.8%, existing buildings and dwellings in public corporations fell by 71.3% and in the private sector existing buildings and dwellings increased by 10.3%. Over the year as a whole gross fixed capital formation decreased by 14.9% compared with -3.5% in 2008.
Showing posts with label saving. Show all posts
Showing posts with label saving. Show all posts
Wednesday, 31 March 2010
Thursday, 10 December 2009
Wealth Distribution In Great Britain
The 'Wealth of Great Britain' report published by the ONS tells us that the net wealth of private households totalled £9 trillion in 2006-8. It also tells us that it is not distributed very evenly. The wealthiest 20% of households accounted for 62% of the total wealth while the least wealthy 10% had negative total net wealth.
The median household net wealth was £204,500 which means that 50% have more and 50% have less than that figure. The Wealth and Assets survey also tells us that 39% of the total of private net wealth is in property and private pensions and 11% is in things like cars and antiques.
Wealth also varied according to location. The South East of England was the wealthiest area with a median wealth of £287,900 and the lowest median was in Scotland with £150,600.
Some people have never saved. A total of 35% of people reported that they had never saved with 21% saying they were likely to save in future. Many people do save and 50% reported that they had saved in the 12 months preceding the survey and 37% saying they had saved in the preceding month.
The majority of people, a total of 83%, expect a state pension and 59% expect an occupational or private pension. The survey also reported that 40% of men and 32% of women were contributing to a private pension.
The median household net wealth was £204,500 which means that 50% have more and 50% have less than that figure. The Wealth and Assets survey also tells us that 39% of the total of private net wealth is in property and private pensions and 11% is in things like cars and antiques.
Wealth also varied according to location. The South East of England was the wealthiest area with a median wealth of £287,900 and the lowest median was in Scotland with £150,600.
Some people have never saved. A total of 35% of people reported that they had never saved with 21% saying they were likely to save in future. Many people do save and 50% reported that they had saved in the 12 months preceding the survey and 37% saying they had saved in the preceding month.
The majority of people, a total of 83%, expect a state pension and 59% expect an occupational or private pension. The survey also reported that 40% of men and 32% of women were contributing to a private pension.
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