Outcomes
This section looks at the high level indicators that measure how
successful the UK has been in achieving competitiveness and
delivering prosperity. The key measures are:
- ��� Macroeconomic stability � macroeconomic instability affects
��� business confidence and can have a negative effect on
��� investment and long term planning decisions.
- ��� Output per head � GDP � total profits and wages - per head
��� provides the best measure of overall economic performance.
- ��� Labour productivity � the key determinant of long-term
��� prosperity.
- ��� Employment rate � a successful and sustainable economy
��� should have the capacity to generate jobs for the workforce.
- ��� Quality of life � a goal in itself but also a key determinant of
��� economic performance and an important factor in
��� competitiveness.
- ��� Specialisation � measures of output or trade specialisation
��� provide a measure of the extent to which the UK is developing
��� competencies in higher value added, or more productive,
��� activities.
�
�