Quarterly National Accounts, Quarter 1 (Jan to Mar) 2015

30 Jun 2015 12:55 PM

Main points

• UK Gross Domestic Product in volume terms was estimated to have increased by 0.4% between Quarter 4 (Oct to Dec) 2014 and Quarter 1 (Jan to Mar) 2015, revised up 0.1 percentage points from the previous estimate of GDP published 28 May 2015.
• GDP was estimated to have increased by 3.0% in 2014, compared with 2013, revised up 0.2 percentage points from the previously published estimate.
• Between Quarter 1 2014 and Quarter 1 2015, GDP in volume terms increased by 2.9%, revised up 0.5 percentage points from the previously published estimate.
• Revisions for GDP in volume terms are mainly due to the introduction of the interim solution for the Construction and Cost Price Indices which have impacted on both the construction industry and gross fixed capital formation estimates.
• GDP in current prices was estimated to have increased by 0.7% between Quarter 4 2014 and Quarter 1 2015, revised down 0.2 percentage points from the previously published estimate.
• GDP per head was estimated to have increased by 0.2% between Quarter 4 2014 and Quarter 1 2015, revised up 0.1 percentage points from the previously published estimate. Between 2013 and 2014, GDP per head increased by 2.3%.
• The households and non-profit institutions’ serving households saving ratio was estimated to be 4.9% in Quarter 1 2015 compared with 5.9% in Quarter 4 2014. In 2014, the households and non-profit institutions’ serving households saving ratio was estimated to be 6.1%.

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