Components of GDP: Economic indicators

Economic indicators are quick-read summaries of the latest data focusing on different aspects of the UK economy. The full suite of indicators can be found on the main Economic Indicators page.

GDP can be analysed in terms of the output produced by different industries, or in terms of spending by households, business and government.

GDP is estimated to have fallen by 0.1% in January 2025, following growth of 0.4% in December 2024.

GDP by industry

Services are the largest part of the economy – making up four-fifths of output in 2023. Service sector output grew by 0.1% in January 2025.

Manufacturing output fell by 1.1% in January 2025. Manufacturing is part of the wider production sector; production sector output fell by 0.9% in January 2025.

Construction sector output fell by 0.2% in January 2025.

Source: Office for National Statistics, series ECZG, ECYC

GDP by expenditure

Household spending is the largest element of spending across the economy, accounting for 60% of the total in 2024.

In October to December 2024, there was no growth in household spending (0.0% growth) compared with the previous quarter.

Government consumption is estimated to have grown by 0.8% in October to December 2024, and investment (GFCF) decreased by 0.9%. Exports were down 2.5% and imports increased by 2.1%.

Source: Office for National Statistics, series KGZ6, ABJR

Source: Office for National Statistics, series KGZ5, KH2I, KG7N, KH2U, KH3N, IHYP, KGZ6, KH2J, KG7Q, KH2V, KH3O, IHYQ

Next updates

This page is updated when new data is published. The next source updates will be:

• ONS, GDP monthly estimate, 11 April 2025

• ONS, Quarterly national accounts, 28 March 2025

• ONS, GDP first quarterly estimate, UK, 15 May 2025