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 0.4% in real terms in Aug-Oct 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 Aug-Oct 2018, service sector output increased by 0.3% in real terms compared with the previous quarter.
Manufacturing output was unchanged (the production sector overall was up by 0.3%). Output in the construction sector was up by 1.2%.
Household consumption is the largest element of expenditure across the economy, accounting for 63% of the total in 2017. Government consumption accounted for 18% and investment for 17%.
In Q3 2018, household consumption grew by 0.5% in real terms. Government consumption was up 0.6% and investment was up 0.8%. Exports were up 2.7% and imports remained at the same level as the previous quarter.
Commons Briefing papers SN02787
Author: Lorna Booth
Topic: Economic situation