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 0.3% in February-April 2019 compared to the previous quarter (November 2018-January 2019).
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 Feb-Apr 2019, service sector output increased by 0.2% in real terms compared with the previous quarter.
Manufacturing output grew by 1.2% (the production sector overall grew by 0.7%), and the construction sector grew by 0.4%.
Household consumption is the largest element of expenditure across the economy, accounting for 63% of the total in 2018. Government consumption accounted for 18% and investment for 17%.
In Q1 2019, household consumption grew by 0.7% in real terms. Government consumption was up 1.4% and investment was up 2.1%. Exports were unchanged and imports were up 6.8% compared with the previous quarter.
Commons Briefing papers SN02787
Author: Lorna Booth
Topic: Economic situation