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 June-August 2019 compared to the previous quarter (March-May 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 June-August 2019, service sector output increased by 0.4% in real terms compared with the previous quarter.
Manufacturing output fell by 1.1% (the production sector overall fell by 0.4%), and construction sector output grew by 0.1%.
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 April-June 2019, household consumption grew by 0.4% in real terms - similar growth to that seen in recent quarters. Government consumption was up 1.1% and investment was down 0.9%. Exports were down 6.6% and imports were down 13.0% compared with the previous quarter (which had seen a 10.3% rise in imports).
Commons Briefing papers SN02787
Author: Lorna Booth
Topic: Economic situation