Economic Well-being: Quarter 1 (Jan to Mar) 2017

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  • Gross domestic product (GDP) per head in the UK was unchanged (0.0% growth) compared with the previous quarter and increased by 1.3% compared with the same quarter a year ago (Quarter 1 (Jan to Mar) 2016).
  • Net national disposable income (NNDI) per head increased by 4.3% between Quarter 1 2016 and Quarter 1 2017, mainly due to a £6.9 billion increase in the income received from the UK’s foreign direct investment from abroad.
  • Despite improvements in both GDP per head and NNDI per head, real household disposable income (RHDI) per head declined by 2.0% in Quarter 1 2017 compared with the same quarter a year ago – the largest decrease since the end of 2011, driven by increasing prices of goods and services.
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