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Release: Second estimate of GDP, Q1 2013

Released: 23 May 2013 Next edition: 27 June 2013

Contact

Alison McCrae

National Accounts Co-ordination

gdp@ons.gsi.gov.uk

Telephone: +44 (0)1633 456099

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: UK

Geographical breakdown: UK

  • UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.3% between the fourth quarter of 2012 and the first quarter of 2013, unrevised from the previous publication. In current prices GDP was estimated to have increased by 1.6% over the same period.

    The main contributors to the increase in GDP in the latest quarter were: changes in inventories, including the alignment adjustment, which increased by £2.5 billion in volume terms and; household final consumption expenditure, which increased by 0.1%.  

    GDP in volume terms increased by 0.6% when comparing the first quarter of 2013 with the first quarter of 2012. Between the years 2011 and 2012, GDP in volume terms increased by 0.3%. 

This release was previously known as UK Output, Income and Expenditure. It contains estimates of the key components of GDP from the output, income and expenditure approaches.

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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