Components of GDP: data on the components that make up GDP, including household consumption, government spending, investment, trade and output by sector.Jump to full report >>
Overall, GDP is estimated to have increased by 0.1% in real terms in Q1 2018 compared with the quarter before.
Services are the sector that account for the largest part of the economy – in 2017, they accounted for 79% of economic output, the production sector for 14%, construction for 6% and agriculture for 1%.
In Q1 2018, service sector output increased by 0.3% in real terms compared with Q4 2017.
Manufacturing output was up by 0.2% (the production sector overall was up by 0.7%). Output in the construction sector was down by 3.3%.
Household consumption is the largest element of expenditure across the economy, accounting for 63% of the total in 2016. Government consumption accounted for 18% and investment for 17%.
In Q4 2017, household consumption grew by 0.3% in real terms – growth has been at around this level for about a year. Government consumption was up 0.4% and investment was up 1.1%. Exports decreased by 0.9% and imports increased by 0.4%.
Commons Briefing papers SN02787
Author: Lorna Booth
Topic: Economic situation