We publish all our forecasts in the Economic and fiscal outlook (EFO). The best place to find the data is in the EFO charts and tables and supplementary tables on the Economic and fiscal outlook page.
Economy forecasts
Our latest economy forecasts are published in Chapter 2 of the Economic and fiscal outlook (EFO). All data in the charts and tables can be found in the Economic and fiscal outlook charts and tables spreadsheets. We also publish forecasts in our supplementary economy tables in quarterly, calendar and financial years.
The main economic determinants of the fiscal forecast can be found in Table A.3 of the Economic and fiscal outlook.
Fiscal forecasts
Our latest fiscal forecasts are published in Chapter 3, 4 and 5 of the Economic and fiscal outlook (EFO). All data in the charts and tables can be found in the Economic and fiscal outlook spreadsheet. We also produce extra detail in our expenditure and receipts and other supplementary fiscal tables.
If you can’t find what you’re looking for please email the relevant analyst on our Contact us page or email [email protected].
Most commonly searched forecasts
GDP
Table 1.1-1.2, Supplementary economy tables
Also in Annex A of the EFO
March 2023 forecast | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
Real GDP growth | 4.0 | -0.2 | 1.8 | 2.5 | 2.1 | 1.9 |
Nominal GDP growth | 9.3 | 2.7 | 3.7 | 3.5 | 3.2 | 3.5 |
RPI, CPI and other inflation measurements
Table 1.7, Supplementary economy tables
Also in Annex A of the EFO
March 2023 forecast | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
RPI | 11.6 | 8.9 | 1.6 | 1.0 | 1.7 | 2.8 |
CPI | 9.1 | 6.1 | 0.9 | 0.1 | 0.5 | 1.6 |
Household debt
Table 1.11, Supplementary economy tables
March 2023 forecast | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
Liabilities (£ billion) | 2227 | 2333 | 2404 | 2478 | 2576 | 2701 |
Liabilities to income ratio (per cent) | 140 | 144 | 144 | 144 | 146 | 148 |
Output gap
In Chapter 2 of the EFO
Table 1.18, Supplementary economy tables
March 2023 forecast | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
Output gap | 1.3 | -1.3 | -1.2 | -0.5 | -0.1 | 0.0 |
National Living Wage and National Minimum Wage
Table 1.17, Supplementary economy tables
March 2023 forecast | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
National Minimum Wage | 9.18 | 10.18 | ||||
National Living Wage | 9.50 | 10.42 | 10.80 | 10.97 | 11.20 | 11.48 |
Budget deficit/public sector net borrowing
Table A.9, Charts and tables
March 2023 forecast | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 |
PSNB (per cent of GDP) | 6.1 | 5.1 | 3.2 | 2.8 | 2.2 | 1.7 |
PSNB (£ billion) | 152.4 | 131.6 | 85.4 | 76.7 | 63.5 | 49.3 |
Government debt/public sector net debt
Table A.9, Charts and tables
March 2023 forecast | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 |
PSND (per cent of GDP) | 100.6 | 103.1 | 102.4 | 99.1 | 97.6 | 96.9 |
PSND (£ billion) | 2546 | 2702 | 2782 | 2776 | 2830 | 2909 |