Growth: increase in GDP

Gross Domestic Product, Preliminary Estimate, Q4 2013: ONS

  • GDP increased by 0.7% in Q4 2013 compared with Q3 2013.
  • Output increased in three of the four main industrial groupings within the economy in Q4 2013 compared with Q3 2013. Output increased by 0.5% in agriculture, 0.7% in production and 0.8% in services. Output decreased by 0.3% in construction.
  • In Q4 2013 GDP was estimated to be 1.3% below the peak in Q1 2008. From peak to trough in 2009, the economy shrank by 7.2%.
  • GDP was 2.8% higher in Q4 2013 compared with the same quarter a year ago. GDP is estimated to have increased by 1.9% in 2013, compared with 2012.
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