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 0.5% in real terms in Q4 2017 compared with the quarter before.
In 2016, the service sector accounted for 79% of economic output, the production sector for 14%, construction for 6% and agriculture for 1%.
In Q4 2017, service sector output increased by 0.6% in real terms compared with Q3, up from 0.4% in the previous quarter.
Manufacturing output was up by 1.3% (the production sector overall was up by 0.6%). Output in the construction sector was down by 1.0%.
Household consumption is the largest element of expenditure across the economy, accounting for 63% of the total in 2016. Government consumption accounted for 19% and investment for 16%.
In Q3 2017, household consumption grew by 0.5% in real terms. Government consumption was down 0.2% and investment was up 0.3%. Exports increased by 0.8% and imports increased by 0.9%.
Commons Briefing papers SN02787
Author: Lorna Booth
Topic: Economic situation