Components of GDP: data on the components that make up GDP, including household consumption, government spending, investment, trade and output by sector.
Key economic indicators: components of GDP (43 KB , PDF)
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.
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.
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%.
Key economic indicators: components of GDP (43 KB , PDF)
Business and Consumer Confidence: Information on business and consumer confidence surveys, which is generally released ahead of official statistical data and can indicate changes to the economic outlook as well as turning points in the economic cycle.
Analysis of the latest UK and international economic indicators
A Bill to expand the scope of an existing scheme that enables dormant assets to be spent on good causes. The Bill emerged from Commons Committee Stage after one sitting on 11 January 2022. Remaining Commons stages are scheduled for 31 January 2022.
