Spotlight
GDP monthly estimate, UK: March 2023
What's in the bulletin?
- Monthly real gross domestic product (GDP) is estimated to have fallen by 0.3% in March 2023, after showing no growth in February 2023 (unrevised from our previous publication).
- Looking at the broader picture, GDP grew by 0.1% in the three months to March 2023.
- The services sector fell by 0.5% in March 2023, after an unrevised fall of 0.1% in February 2023, and was the main contributor to the fall in monthly GDP.
GDP first quarterly estimate, UK: January to March 2023
What's in the bulletin?
- The first quarterly estimate of UK real gross domestic product (GDP) shows that the economy increased by 0.1% in Quarter 1 (Jan to Mar) 2023.
- Monthly estimates published today (12 May 2023) show that GDP fell by 0.3% in March 2023, following an increase of 0.5% in January 2023 (revised up from 0.4% in the previous publication) and no growth in February 2023.
- In output terms, the services sector grew by 0.1% on the quarter driven by increases in information and communication, and administrative and support service activities; elsewhere the production sector grew by 0.1%, with a 0.5% growth in manufacturing.
GDP quarterly national accounts, UK
Revised quarterly estimate of gross domestic product (GDP) for the UK. Uses additional data to provide a more precise indication of economic growth than the first estimate.
Time series related to Gross Domestic Product (GDP)
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Gross Domestic Product: chained volume measures: Seasonally adjusted £m
Chained Volume Measures (CVM)
£ 558,705 m 2023 Q1- Release date:
- 12 May 2023
- Next release:
- 30 June 2023
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Gross Domestic Product: Quarter on Quarter growth: CVM SA %
Chained Volume Measures (CVM)
0.1 % 2023 Q1- Release date:
- 12 May 2023
- Next release:
- 30 June 2023
-
Gross Domestic Product: q-on-q4 growth rate CVM SA %
Chained Volume Measures (CVM)
0.2 % 2023 Q1- Release date:
- 12 May 2023
- Next release:
- 30 June 2023
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Gross Domestic Product at market prices: Current price: Seasonally adjusted £m
Current Prices (CP)
£ 646,027 m 2023 Q1- Release date:
- 12 May 2023
- Next release:
- 30 June 2023
-
Gross Domestic Product: quarter on quarter growth rate: CP SA %
Current Prices (CP)
1 % 2023 Q1- Release date:
- 12 May 2023
- Next release:
- 30 June 2023
-
Gross Domestic Product: q-on-q4 growth quarter growth: CP SA %
Current Prices (CP)
6.6 % 2023 Q1- Release date:
- 12 May 2023
- Next release:
- 30 June 2023
Datasets related to Gross Domestic Product (GDP)
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GDP first quarterly estimate time series
A detailed breakdown of the components of GDP.
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GDP quarterly national accounts time series
Annual and quarterly data for the latest gross domestic product (GDP) estimates in chained volume measures and at current market prices.
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GDP – data tables
Annual and quarterly data for UK gross domestic product (GDP) estimates, in chained volume measures and current market prices.
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Monthly gross domestic product: time series
Monthly estimate of gross domestic product (GDP) containing constant price gross value added (GVA) data for the UK.
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UK National Accounts, The Blue Book time series
Datasets for each of the chapters in The Blue Book 2022 including the national accounts at a glance, financial and non-financial corporations, households and non-profit institutions serving households and summary supply and use tables.
Publications related to Gross Domestic Product (GDP)
Statistical bulletins
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GDP quarterly national accounts, UK: October to December 2022
Revised quarterly estimate of gross domestic product (GDP) for the UK. Uses additional data to provide a more precise indication of economic growth than the first estimate.
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GDP monthly estimate, UK: March 2023
Gross domestic product (GDP) measures the value of goods and services produced in the UK. It estimates the size of and growth in the economy.
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GDP first quarterly estimate, UK: January to March 2023
First quarterly estimate of gross domestic product (GDP). Contains current and constant price data on the value of goods and services to indicate the economic performance of the UK.
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Business investment in the UK: January to March 2023 provisional results
Estimates of short-term indicators of investment in non-financial assets, business investment and asset and sector breakdowns of total gross fixed capital formation.
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GDP, UK regions and countries: July to September 2022
Quarterly economic activity within the countries of the UK (England, Wales, Scotland and Northern Ireland) and the nine English regions (North East, North West, Yorkshire and The Humber, East Midlands, West Midlands, East of England, London, South East and South West).
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