"Figure 12: Nominal GDP fell by a revised 1.2% 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. The statistical discrepancy is also not displayed. " "Unit","% and percentage points" "","" "","Nominal GDP","Taxes less subsidies","Other income","Gross operating surplus","Compensation of employees" "2018 Q1","0.7","-0.28","0.19","0.16","0.56" "2018 Q2","1","0.68","0.27","-0.39","0.4" "2018 Q3","1.1","-0.13","0.16","0.37","0.73" "2018 Q4","0.4","0.06","0.29","-0.62","0.74" "2019 Q1","1.3","-0.02","0.31","0.63","0.23" "2019 Q2","0.5","0.15","-0.12","-0.33","0.79" "2019 Q3","1","-0.05","-0.1","0.81","0.47" "2019 Q4","0.1","-0.12","0.25","-0.52","0.47" "2020 Q1","-1.2","-0.97","-0.07","-0.67","0.54"