"Figure 10: Nominal GDP fell by 1.4% in the first quarter of 2020, driven by a decline in taxes less subsidies","" "UK, Quarter 1 (Jan to Mar) 2018 to Quarter 1 (Jan to Mar) 2020","" "","" "Notes","1. Q1 refers to Quarter 1 (Jan to Mar), Q2 refers to Quarter 2 (Apr to June), Q3 refers to Quarter 3 (July to Sept) and Q4 refers to Quarter 4 (Oct to Dec). 2. Chart shows contribution to nominal GDP quarter-on-quarter growth. 3. Components contributions may not sum to total because of rounding." "Unit","% and percentage points" "","" "","Compensation of Employees","Gross Operating Surplus","Other Income","Taxes less subsidies","Nominal GDP" "2018 Q1","0.56","0.16","0.19","-0.28","0.70" "2018 Q2","0.40","-0.39","0.27","0.68","1.00" "2018 Q3","0.73","0.37","0.16","-0.13","1.10" "2018 Q4","0.74","-0.62","0.29","0.06","0.40" "2019 Q1","0.25","0.64","0.30","-0.03","1.40" "2019 Q2","0.71","-0.52","-0.12","0.19","0.30" "2019 Q3","0.43","0.68","-0.12","-0.01","1.00" "2019 Q4","0.24","-0.22","0.11","-0.01","0.10" "2020 Q1","0.80","-0.59","0.04","-1.63","-1.40"