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 grown by 0.3% in July-Sept 2019 compared to the previous quarter (April-June 2019).
Services are the sector that account for the largest part of the economy – in 2018, they accounted for 80% of economic output, the production sector for 14%, construction for 6% and agriculture for 1%.
In July-Sept 2019, service sector output increased by 0.4% in real terms compared with the previous quarter.
Manufacturing output was flat with 0.0% growth (the production sector was also flat at 0.0%), and construction sector output grew by 0.6%.
Household consumption is the largest element of expenditure across the economy, accounting for 63% of the total in 2018. Government consumption accounted for 19% and investment for 17%.
In July-Sept 2019, household consumption grew by 0.4% in real terms. Government consumption was up 0.3% and investment was down 0.2%. Exports were up 5.2% and imports were up 0.8% compared with the previous quarter.
Commons Briefing papers SN02787
Author: Lorna Booth
Topic: Economic situation