UK GDP Sectors

Like all countries the government measures the UK GDP by Sector. The sectors are made up of a high level grouping for business domains. It is split into the Service , Productivity , Construction,   Agriculture, Farming and Fishing and Non Contributing Organisations.

GDP is a metric that shows the value of goods and service produced over a certain period of time. This is a strong indicator of the overall health of the UK economy, pointing to whether it is growing or shrinking. Quarterly outputs from a variety of industry sectors to come up with an overall index value that shows the strength of the economy.

DataEco Insight

DataEco uses GDP data such as Index of Production, Index of Services, Output in the construction industry, and the Retail Sales Index. All of these together paint a solid picture as to the strength of the UK economy. This picture allows us to further utilise more advanced metrics. The Monthly Business and the Construction Output survey help build models that help us to estimate the future of the GDP. Included in this are the Consumer Price Index, Producer Price Index, and Services Producer Price Index.

The estimates are then deflated by a variety of sources including lower-level components of the Consumer Price Index, Producer Price Index and Services Producer Price Index.

Being knowledgeable on GDP can help companies to stay on top of patterns and trends and react better to market conditions. By using historical GDP data  companies can see how their industry performed during previous times with similar GDP trends.  DataEco provides and analyses this data to help our customers react accordingly.

Having access to this data is good but also understanding the influencing measures that make up this index value can help understand growth areas.

By using DataEco’s insight service the UK GDP by Sector can be broken down to the company level and we can see the main contributors.

Large financial powerhouses dominate the service sector, but are also supported by technology and other traditional accounting and solicitor companies.