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Release: Quarterly National Accounts, Q3 2013

Released: 20 December 2013 Next edition: 28 January 2014

Contact

Matthew Hughes

National Accounts Co-ordination

gdp@ons.gsi.gov.uk

Telephone: +44 (0)1633 455827

Categories: Economy, National Accounts, National Income, Expenditure and Output, GDP by Category of Expenditure, GDP by Category of Income, GVA by Category of Output, Main Aggregates of National Accounts

Frequency of release: Quarterly

Language: English

Geographical coverage:

Geographical breakdown: UK

  • UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.8% between Q2 2013 and Q3 2013, unrevised from the Second Estimate of GDP published 27 November 2013. 

  • GDP in volume terms increased by 1.9% when comparing Q3 2013 with Q3 2012, revised up 0.4 percentage points from the previously estimated 1.5% increase.

  • Later data for expenditure, in particular household final consumption expenditure, has led to upward revisions for GDP since Q1 2012. As a result, between 2011 and 2012, GDP in volume terms rose by 0.3%, an upwards revision of 0.2 percentage points from the previously published 0.1% increase.

  • GDP in current prices was estimated to have increased by 1.4% between Q2 2013 and Q3 2013, revised down 0.3 percentage points from the estimate published 27 November 2013.

  • In Q3 2013 GDP in volume terms was estimated to be 2.0% below the peak in Q1 2008, as compared with 2.5% below this peak as previously estimated. From peak to trough in 2009, the economy shrank by 7.2%.

Contains detailed breakdowns of the components of GDP as well as key sector accounts aggregates

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
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