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GDP can be analysed in terms of the output produced of different industries of the economy and by expenditure on goods and services made by households, businesses and the government.

GDP increased by 0.9% in November 2021 and was 0.7% above the level in February 2020, ahead of the pandemic hitting the UK economy.   

GDP by Industry

Services are the largest part of the economy – making up 81% of output in 2020. 

Service sector output grew by 0.7% in November 2021. It is now 1.3% above what it was in February 2020.

Manufacturing output increased by 1.1% in November, and is down 2.2% on February 2020. 

Manufacturing is part of the wider production sector; production sector output increased by 1.0% in November, and is 2.6% lower than it was in February 2020. 

Construction sector output was up 3.5% in November, and is up 1.3% compared with February 2020.

Service sector index and monthly growth

GDP by Expenditure

Household consumption is the largest element of expenditure across the economy, accounting for 58% of the total in 2020.

In Jul-Sept 2021, household consumption was up 2.7% on the quarter, and was 2.1% below Oct-Dec 2019.  

Government consumption was down 0.5% on the quarter and investment (GFCF) was down 0.9%.  Exports were down 3.5% and imports were up 1.1%.

 Household spending index and quarterly growth

GDP by expenditure table

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