UK economy

The UK output slumps to 11 per cent  the most for more than 300 years

 

UK economy

The UK economy

The UK economy is likely to slump by 11.5 per cent in 2020, outstripping falls in Germany, Spain, Italy, and France, according to OECD  who found that the UK’s largely service-based economy had been badly hit by the government’s lockdown restrictions. The service sector, which includes financial services, hospitality, and tourism make up about three-quarters of the UK’s GDP.

In April the UK economy shrank by a record 20.4 per cent as business and workers reeled under the lockdown designed to control the spread of coronavirus pandemic. The contraction which followed a 5.8 per cent drop in March.

On a three month basis, the economic output shrank by 10.4  per cent in the wake of the UK experiencing the highest death toll in Europe and the second highest in the world. The output slumping more than 11 per cent the most for more than 300 years.

Unemployment is widely expected to surpass rates not seen since the mid-1990s, despite the massive government support that has left the taxpayer paying the wages of over 11 million people a cost of 27 billion pounds so far.

In April the manufacturing fell 24.3 per cent while construction plunged 40.1 per cent.

# Country, Total New Total New Total Active Serious, Tot Cases/ Deaths/ Total Tests/ Population
Other Cases Cases Deaths Deaths Recovered Cases Critical 1M pop 1M pop Tests 1M pop
  World 7,609,731 25,823 424,084 998 3,852,341 3,333,306 53,915 976 54.4  
1 USA 2,089,825 124 116,035 1 816,174 1,157,616 16,827 6,316 351 23,076,038 69,737 330901704
2 Brazil 805,649 41,058 396,692 367,899 8,318 3,792 193 1,364,423 6,421 212479860
3 Russia 511,423 8,987 6,715 183 269,370 235,338 2,300 3,505 46 14,200,000 97,306 145931382
4 India 298,283 8,501 147,195 142,587 8,944 216 6 5,363,445 3,889 1379270740
5 UK 291,409   41,279   N/A N/A 516 4,294 608 6,240,801 91,956 67867577
6 Spain 289,787 27,136 N/A N/A 617 6,198 580 4,465,338 95,507 46753887
7 Italy 236,142 34,167 171,338 30,637 236 3,905 565 4,443,821 73,493 60466117
8 Peru 214,788 6,109 102,429 106,250 1,065 6,519 185 1,282,478 38,927 32946025
9 Germany 186,795 8,851 171,600 6,344 462 2,230 106 4,694,147 56,036 83770376
10 Iran 180,156 8,584 142,663 28,909 2,728 2,146 102 1,173,208 13,978 83933136
11 Turkey 174,023 4,763 147,860 21,400 643 2,065 57 2,500,890 29,670 84289552
12 France 155,561 29,346 72,149 54,066 903 2,383 450 1,384,633 21,215 65266270
13 Chile 154,092 2,648 126,444 25,000 1,689 8,065 139 781,043 40,876 19107435
14 Mexico 133,974 4,790 15,944 587 98,064 19,966 378 1,040 124 369,362 2,866 128859025
15 Pakistan 125,933 6,397 2,463 107 40,247 83,223 111 571 11 809,169 3,667 220638507
16 Saudi Arabia 116,021 857 80,019 35,145 1,738 3,336 25 1,042,312 29,966 34782906
17 Canada 97,530 7,994 57,658 31,878 1,878 2,585 212 2,028,496 53,771 37724444
18 China 83,064 7 4,634 78,365 65 58 3 1,439,323,776
19 Bangladesh 78,052 1,049 16,747 60,256 1 474 6 457,332 2,778 164600549
20 Qatar 75,071 69 51,331 23,671 230 26,737 25 274,793 97,868 2,807,805
21 Belgium 59,711 9,636 16,453 33,622 99 5,153 832 983,670 84,894 11587039
22 South Africa 58,568 1,284 33,252 24,032 208 988 22 1,028,399 17,352 59267163
23 Belarus 51,816 293 26,643 24,880 92 5,483 31 678,570 71,810 9449475
24 Sweden 48,288 4,814 N/A N/A 272 4,783 477 325,000 32,191 10095978
25 Netherlands 48,251 6,044 N/A N/A 77 2,816 353 446,164 26,041 17132971
26 Colombia 45,212 1,488 17,790 25,934 335 889 29 458,324 9,013 50853330
27 Ecuador 44,440 3,720 21,862 18,858 219 2,521 211 128,175 7,271 17627809
28 UAE 40,986 286 25,234 15,466 1 4,147 29 2,582,000 261,236 9883799
29 Singapore 39,850 463 25 27,286 12,539 2 6,814 4 488,695 83,568 5847901
30 Egypt 39,726 1,377 10,691 27,658 41 389 13 135,000 1,321 102220760
31 Portugal 35,910 1,504 22,002 12,404 70 3,521 147 954,069 93,553 10198122
32 Indonesia 35,295 2,000 12,636 20,659 129 7 463,620 1,696 273366090
33 Kuwait 34,432 279 24,137 10,016 184 8,069 65 327,144 76,669 4266990
34 Switzerland 31,044 1,937 28,800 307 18 3,588 224 441,628 51,048 8651283
35 Ukraine 29,753 683 870 16 13,567 15,316 306 680 20 468,172 10,702 43745847
36 Poland 28,201 1,215 13,805 13,181 77 745 32 1,129,039 29,830 37848619
37 Argentina 27,373 765 8,332 18,276 274 606 17 214,807 4,755 45173491
38 Ireland 25,238 1,703 22,698 837 28 5,114 345 367,780 74,528 4934765
39 Philippines 24,175 1,036 5,165 17,974 82 221 9 473,281 4,322 109499539
40 Afghanistan 23,546 656 446 20 3,928 19,172 19 606 11 53,705 1,381 38874978
41 Dominican Republic 21,437 561 12,541 8,335 110 1,977 52 100,035 9,227 10842017
42 Romania 21,182 1,369 15,283 4,530 153 1,101 71 531,619 27,626 19243552
43 Oman 19,954 89 6,623 13,242 92 3,914 17 129,527 25,405 5098511
44 Israel 18,701 132 300 15,288 3,113 34 2,033 33 727,853 79,135 9,197,590
45 Panama 18,586 418 10,977 7,191 96 4,311 97 82,774 19,201 4310882
46 Japan 17,292 920 15,383 989 88 137 7 328,730 2,599 126494838
47 Bahrain 17,269 602 36 2 11,903 5,330 10 10,173 21 403,036 237,420 1697568
48 Austria 17,034 674 15,949 411 13 1,892 75 516,581 57,374 9003730
49 Iraq 16,675 457 6,568 9,650 98 415 11 339,868 8,461 40167590
50 Bolivia 16,165 884 533 21 2,372 13,260 71 1,386 46 42,741 3,664 11664091
51 Armenia 15,281 612 258 13 5,639 9,384 10 5,157 87 77,686 26,219 2962966
52 Nigeria 14,554 387 4,494 9,673 7 71 2 85,375 415 205822203
53 Kazakhstan 13,872 314 67 8,593 5,212 62 739 4 1,050,098 55,963 18764311
54 Serbia 12,102 252 11,348 502 14 1,385 29 291,996 33,413 8739024
55 Denmark 12,035 593 10,955 487 14 2,078 102 749,467 129,416 5791166
56 S. Korea 12,003 56 277 1 10,669 1,057 15 234 5 1,081,487 21,095 51267003
57 Moldova 10,727 375 6,072 4,280 339 2,659 93 63,328 15,697 4034411
58 Algeria 10,589 741 7,255 2,593 33 242 17 43804765
59 Ghana 10,358 48 3,824 6,486 10 334 2 240,204 7,740 31034041
60 Czechia 9,855 328 7,166 2,361 10 920 31 487,334 45,511 10707989
61 Azerbaijan 8,882 108 4,930 3,844 66 876 11 362,654 35,785 10134274
62 Cameroon 8,681 212 4,836 3,633 28 328 8 26504775
63 Norway 8,608 242 8,138 228 4 1,588 45 272,905 50,361 5418993
64 Guatemala 8,561 340 334 18 1,567 6,660 5 478 19 31,427 1,756 17896120
65 Morocco 8,537 211 7,583 743 7 231 6 372,591 10,101 36886438
66 Malaysia 8,369 118 7,065 1,186 5 259 4 618,360 19,119 32342925
67 Honduras 7,669 309 294 4 837 6,538 13 775 30 21,540 2,177 9895582
68 Australia 7,289 4 102 6,781 406 2 286 4 1,746,635 68,540 25483610
69 Finland 7,064 325 6,200 539 4 1,275 59 211,900 38,247 5540291
70 Sudan 6,730 148 413 12 2,278 4,039 154 9 401 9 43786472
71 Tajikistan 4,834 49 3,062 1,723 508 5 9524612
72 Uzbekistan 4,819 78 19 3,637 1,163 14 144 0.6 748,555 22,384 33441780
73 Senegal 4,759 55 2,994 1,710 20 285 3 55,634 3,328 16716133
74 Nepal 4,614 15 861 3,738 159 0.5 294,073 10,103 29106200
75 DRC 4,515 98 567 3,850 51 1 89383696
76 Ivory Coast 4,404 41 2,212 2,151 167 2 34,272 1,301 26337705
77 Djibouti 4,398 37 2,519 1,842 4,455 37 39,299 39,809 987187
78 Guinea 4,372 23 3,033 1,316 24 333 2 14,407 1,099 13110203
79 Hungary 4,053 14 555 2 2,447 1,051 20 419 57 226,669 23,461 9661522
80 Luxembourg 4,052 110 3,910 32 1 6,479 176 98,232 157,072 625393
81 Haiti 3,941 145 64 6 24 3,853 346 6 8,081 709 11394839
82 North Macedonia 3,538 169 1,682 1,687 34 1,698 81 40,004 19,202 2083378
83 Gabon 3,463 23 1,024 2,416 17 1,558 10 19,517 8,782 2222506
84 El Salvador 3,373 68 4 1,504 1,801 101 520 10 116,027 17,893 6484517
85 Kenya 3,215 92 1,092 2,031 7 60 2 106,247 1,979 53699517
86 Thailand 3,129 4 58 2,987 84 1 45 0.8 468,175 6,708 69791171
87 Greece 3,088 183 1,374 1,531 14 296 18 240,924 23,109 10425424
88 Bulgaria 3,086 168 1,688 1,230 15 444 24 98,460 14,165 6950812
89 Bosnia and Herzegovina 2,832 161 2,100 571 4 863 49 74,379 22,664 3281756
90 Venezuela 2,814 23 487 2,304 1 99 0.8 1,053,417 37,040 28439773
91 Ethiopia 2,670 40 434 2,196 32 23 0.3 165,151 1,439 114786713
92 Somalia 2,513 85 532 1,896 2 158 5 15864908
93 Croatia 2,249 106 2,132 11 548 26 69,606 16,950 4106429
94 Mayotte 2,240 28 1,654 558 12 8,223 103 8,800 32,304 272408
95 Cuba 2,219 84 1,893 242 1 196 7 127,042 11,216 11326953
96 Kyrgyzstan 2,166 37 26 1,668 472 11 332 4 147,454 22,623 6517994
97 Maldives 1,976 8 1,153 815 9 3,659 15 28,940 53,594 539990
98 Estonia 1,970 5 69 1,703 198 1,485 52 94,000 70,864 1326491
99 CAR 1,952 5 38 1,909 405 1 18,161 3,764 4824890
100 Sri Lanka 1,877 11 1,150 716 1 88 0.5 81,735 3,818 21408657
101 Iceland 1,807 10 1,794 3 5,297 29 62,976 184,612 341127
102 Lithuania 1,756 4 74 1,400 282 17 645 27 356,062 130,718 2723889
103 Mali 1,722 97 989 636 85 5 3,483 172 20213291
104 South Sudan 1,670 24 48 1,598 149 2 3,356 300 11186498
105 Slovakia 1,542 1 28 1,409 105 282 5 194,733 35,669 5459512
106 Costa Rica 1,538 12 722 804 3 302 2 30,779 6,045 5091620
107 New Zealand 1,504 22 1,482 0 301 4 304,832 60,941 5,002,100
108 Slovenia 1,490 2 109 1,359 22 717 52 87,760 42,214 2078924
109 Nicaragua 1,464 55 953 456 221 8 6620207
110 Mauritania 1,439 74 250 1,115 25 310 16 7,654 1,649 4641964
111 Lebanon 1,402 31 845 526 7 205 5 101,676 14,893 6826874
112 Guinea-Bissau 1,389 12 153 1,224 5 707 6 1,500 763 1965141
113 Albania 1,385 35 1,001 349 8 481 12 17,318 6,017 2877949
114 Equatorial Guinea 1,306 12 200 1,094 933 9 8,268 5,906 1399912
115 Paraguay 1,230 11 624 595 2 173 2 43,292 6,074 7127687
116 Madagascar 1,203 10 312 881 8 44 0.4 14,857 537 27646431
117 Zambia 1,200 10 912 278 1 65 0.5 28,236 1,539 18351048
118 Hong Kong 1,108 4 1,055 49 4 148 0.5 241,992 32,293 7493747
119 Latvia 1,096 2 27 1 818 251 3 581 14 124,662 66,060 1887105
120 Tunisia 1,087 49 989 49 1 92 4 56,210 4,759 11811891
121 Sierra Leone 1,085 50 642 393 136 6 7967302
122 Cyprus 975 18 807 150 4 808 15 134,706 111,614 1206895
123 Niger 974 65 878 31 40 3 6,252 259 24146544
124 French Guiana 917 2 462 453 7 3,075 7 277 929 298196
125 Burkina Faso 892 53 790 49 43 3 20866826
126 Jordan 890 9 670 211 5 87 0.9 249,431 24,460 10197652
127 Andorra 852 51 780 21 7 11,028 660 3,750 48,538 77259
128 Chad 848 72 706 70 52 4 16395556
129 Uruguay 847 23 772 52 4 244 7 51,313 14,774 3473119
130 Georgia 837 6 13 697 127 6 210 3 70,569 17,689 3989535
131 Congo 728 24 221 483 132 4 5509663
132 Diamond Princess 712 13 651 48 4
133 San Marino 691 42 496 153 1 20,367 1,238 5,150 151,797 33927
134 Uganda 679 161 518 15 108,904 2,386 45645761
135 Cabo Verde 657 6 294 357 1,182 11 1,307 2,352 555657
136 Malta 640 9 600 31 1,450 20 78,788 178,462 441484
137 Sao Tome and Principe 639 7 12 156 471 2,919 55 1,354 6,185 218920
138 Jamaica 611 6 10 408 193 2 206 3 15,153 5,118 2960505
139 Yemen 591 136 23 432 20 5 120 4 29786156
140 Channel Islands 565 48 512 5 3,251 276 10,255 59,012 173777
141 Togo 524 13 271 240 1 63 2 24,358 2,946 8266815
142 Tanzania 509 21 183 305 7 9 0.4 59625015
143 Rwanda 494 2 313 179 38 0.2 84,029 6,498 12932272
144 Mozambique 489 2 144 343 16 0.06 16,035 514 31199461
145 Palestine 487 3 410 74 96 0.6 44,876 8,809 5094148
146 Réunion 487 1 447 39 1 544 1 17,200 19,218 894975
147 Malawi 481 4 55 422 4 25 0.2 6,690 350 19098955
148 Eswatini 449 3 238 208 5 387 3 6,551 5,650 1159511
149 Taiwan 443 7 431 5 19 0.3 73,751 3,097 23814623
150 Liberia 410 31 206 173 81 6 5050381
151 Libya 393 5 59 329 57 0.7 11,765 1,714 6866054
152 Mauritius 337 10 325 2 265 8 137,789 108,353 1271663
153 Isle of Man 336 24 312 0 3,952 282 5,415 63,698 85010
154 Zimbabwe 332 4 51 277 22 0.3 52,905 3,562 14850685
155 Vietnam 332 321 11 1 3 275,000 2,827 97291603
156 Montenegro 324 9 315 0 516 14 13,186 20,995 628062
157 Benin 305 4 188 113 2 25 0.3 45,100 3,726 12103226
158 Myanmar 261 1 6 165 90 5 0.1 45,926 844 54390671
159 Martinique 202 14 98 90 538 37 375279
160 Mongolia 197 3 95 102 11 60 17,279 5,276 3275260
161 Faeroe Islands 187 187 0 3,828 10,708 219,184 48854
162 Cayman Islands 186 1 112 73 2,832 15 16,628 253,171 65679
163 Gibraltar 176 171 5 5,224 9,709 288,178 33691
164 Suriname 168 2 9 157 2 287 3 1,165 1,987 586350
165 Guadeloupe 164 14 144 6 1 410 35 4,975 12,434 400121
166 Syria 164 6 68 90 9 0.3 17474364
167 Comoros 162 2 97 63 187 2 868486
168 Guyana 158 12 92 54 1 201 15 1,920 2,442 786357
169 Bermuda 141 9 127 5 2 2,264 144 8,430 135,337 62289
170 Brunei 141 2 138 1 1 322 5 23,708 54,220 437253
171 Cambodia 126 125 1 1 8 25,884 1,549 16705964
172 Angola 118 5 41 72 1 4 0.2 10,000 305 32799138
173 Trinidad and Tobago 117 8 109 0 84 6 3,493 2,496 1399258
174 Bahamas 103 11 68 24 1 262 28 2,252 5,730 393041
175 Aruba 101 3 98 0 946 28 2,199 20,601 106743
176 Monaco 99 4 93 2 2,524 102 16,200 412,981 39227
177 Barbados 96 7 83 6 1 334 24 6,321 21,997 287358
178 Burundi 85 1 45 39 7 0.08 382 32 11867795
179 Liechtenstein 82 1 55 26 2,151 26 900 23,608 38122
180 Sint Maarten 77 15 61 1 1 1,797 350 471 10,992 42849
181 Bhutan 62 19 43 80 20,529 26,622 771143
182 French Polynesia 60 60 0 214 4,262 15,177 280824
183 Botswana 48 1 24 23 1 20 0.4 26,238 11,171 2348797
184 Macao 45 45 0 69 648839
185 Saint Martin 41 3 33 5 1 1,061 78 614 15,895 38628
186 Eritrea 41 39 2 12 3543663
187 Namibia 31 17 14 1 12 5,084 2,003 2538214
188 Gambia 28 1 22 5 12 0.4 1,970 817 2412325
189 St. Vincent Grenadines 27 25 2 243 643 5,797 110922
190 Antigua and Barbuda 26 3 20 3 1 266 31 489 4,996 97886
191 Timor-Leste 24 24 0 18 1,568 1,191 1316964
192 Grenada 23 22 1 1 204 4,130 36,712 112496
193 Curaçao 22 1 15 6 134 6 1,080 6,583 164059
194 New Caledonia 21 20 1 74 7,477 26,203 285350
195 Belize 20 2 16 2 50 5 1,776 4,471 397206
196 Laos 19 19 0 3 9,427 1,297 7269590
197 Saint Lucia 19 18 1 103 1,264 6,885 183584
198 Dominica 18 16 2 250 534 7,419 71977
199 Fiji 18 18 0 20 2,431 2,713 896103
200 Saint Kitts and Nevis 15 15 0 282 417 7,841 53179
201 Falkland Islands 13 13 0 3,743 535 154,045 3473
202 Greenland 13 13 0 229 2,412 42,491 56765
203 Turks and Caicos 12 1 11 0 310 26 192 4,963 38688
204 Vatican City 12 12 0 14,981 801
205 Montserrat 11 1 10 0 2,204 200 61 12,220 4992
206 Seychelles 11 11 0 112 98315
207 MS Zaandam 9 2 7
208 Western Sahara 9 1 6 2 15 2 596428
209 British Virgin Islands 8 1 7 0 265 33 212 7,015 30220
210 Papua New Guinea 8 8 0 0.9 5,281 591 8937038
211 Caribbean Netherlands 7 7 0 267 424 16,177 26210
212 St. Barth 6 6 0 608 152 15,392 9875
213 Lesotho 4 2 2 2 1,515 707 2141348
214 Anguilla 3 3 0 200 41 2,734 14996
215 Saint Pierre Miquelon 1 1 0 173 5795
Total: 7,609,731 25,823 424,084 998 3,852,341 3,333,306 53,915 976.3 54.4