Economic Well-being, Quarter 4 (October to December) 2014

1 Apr 2015 10:35 AM

Main points

• In Q4 2014, gross domestic product (GDP) per head increased 0.5% compared to Q3 2014 but remains 1.2% below pre-economic downturn levels. This was a slightly slower growth rate than the 0.6% quarterly increase seen in GDP
• Net national disposable income (NNDI) per head, which represents the income available to UK residents, has remained broadly flat since Q1 2012 and remains 5.1% below pre-economic downturn levels
• In Q4 2014 real household disposable income (RHDI) per head (excluding non-profit institutions serving households) increased 1.9% compared to the same quarter a year ago (Q4 2013). For 2014 as a whole, RHDI per head (excluding NPISH) was broadly unchanged, up 0.1%, compared to 2013
• In Q4 2014, household spending per head grew 0.3% compared to the previous quarter – continuing the general upward trend that started in Q3 2011

Get all the tables for this publication in the data section of this publication.