£2 trillion equals €2.269 trillion.
Per capita, that works out to €34,564 or £30,469. What is the rate at which it is growing per year?
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£2 trillion equals €2.269 trillion.
Per capita, that works out to €34,564 or £30,469. What is the rate at which it is growing per year?
Technically the budget deficit is the extra debt being created so if the budget deficit is 5% of GDP it means it is growing at 5%.
Roughly speaking that is the case because the UK's GDP is around £2 trillion. It doubles in a little over 14 years at this rate.