In 2024, agriculture contributed around 0.56 percent to the United Kingdom’s GDP, 16.74 percent came from the manufacturing industry, and 72.79 percent from the services sector. The UK is not a farmer’s marketThe vast majority of the UK’s GDP is generated by the services sector, and tourism in particular keeps the economy going. In 2017, almost 214 billion British Pounds were contributed to the GDP through travel and tourism – about 277 billion U.S. dollars – and the forecasts see an upwards trend. For comparison, only an estimated 10.3 billion GBP were generated by the agriculture sector in the same year. But is it a tourist’s destination still? Though forecasts are not in yet, it is unclear whether travel and tourism can keep the UK’s economy afloat in the future, especially after Brexit and all its consequences. Higher travel costs, having to wait for visas, and overall more complicated travel arrangements are just some of the concerns tourists have when considering vacationing in the UK after Brexit. Consequences of the referendum are already observable in the domestic travel industry: In 2017, about 37 percent of British travelers said Brexit caused them to cut their holidays short by a few days, and about 14 percent said they did not leave the UK for their holidays because of it.
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Provides estimates of contributions to labour productivity, measured as output per hour (OPH), using the "Generalised Exactly Additive Decomposition" (GEAD) methodology as described in Tang and Wang (2004), UK.
Tap into the UK’s fastest-growing industries to identify opportunities both within and beyond the London area.
As of May 2025, UK construction output as measured by gross value added was *** percent larger than it was in 2022, while services output has grown by ***** percent, and agriculture by *** percent. By comparison, production output has fallen by ****percent.
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Monthly index values for production and the main Index of Production sectors in the UK to four decimal places.
Reported DCMS Sector GVA is estimated to have fallen by 0.4% from Quarter 2 (April to June) to Quarter 3 2022 (July to September) in real terms. By comparison, the whole UK economy fell by 0.2% from Quarter 2 to Quarter 3 2022.
GVA of reported DCMS Sectors in September 2022 was 6% above February 2020 levels, which was the most recent month not significantly affected by the pandemic. By comparison, GVA for the whole UK economy was 0.2% lower than in February 2020.
16 November 2022
These Economic Estimates are Official Statistics used to provide an estimate of the economic contribution of DCMS Sectors in terms of gross value added (GVA), for the period January 2019 to September 2022. Provisional monthly GVA in 2019 and 2020 was first published in March 2021 as an ad hoc statistical release. This current release contains new figures for July to September 2022 and revised estimates for previous months, in line with the scheduled revisions that were made to the underlying ONS datasets in October 2022.
Estimates are in chained volume measures (i.e. have been adjusted for inflation), at 2019 prices, and are seasonally adjusted. These latest monthly estimates should only be used to illustrate general trends, not used as definitive figures.
You can use these estimates to:
You should not use these estimates to:
Estimates of annual GVA by DCMS Sectors, based on the monthly series, are included in this release for 2019 to 2021. These are calculated by summing the monthly estimates for the calendar year and were first published for 2019 and 2020 in DCMS Sector National Economic Estimates: 2011 - 2020.
Since August 2022, we have been publishing these estimates as part of the regular published series of GVA data, with data being revised in line with revisions to the underlying ONS datasets, as with the monthly GVA estimates. These estimates have been published, updating what was first published last year, in order to meet growing demand for annual figures for GVA beyond the 2019 estimates in our National Statistics GVA publication. The National Statistics GVA publication estimates remain the most robust for our sectors, however estimates for years after 2019 have been delayed owing to the coronavirus (COVID-19) pandemic.
Consequently, these “summed monthly” annual estimate figures for GVA can be used but should not be seen as definitive.
The findings are calculated based on published ONS data sources including the Index of Services and Index of Production.
These data sources provide an estimate of the monthly change in GVA for all UK industries. However, the data is only available for broader industry groups, whereas DCMS sectors are defined at a more detailed industrial level. For example, GVA for ‘Cultural education’ is estimated based on the trend for all education. Sectors such as ‘Cultural education’ may have been affected differently by COVID-19 compared to education in general. These estimates are also based on the composition of the economy in 2019. Overall, this means the accuracy of monthly GVA for DCMS sectors is likely to be lower for months in 2020 and 2021.
The technical guidance contains further information about data sources, methodology, and the validation and accuracy of these estimates.
Figures are provisional and subject to revision on a monthly basis when the ONS Index of Services and Index of Production are updated. Figures for the latest month will be highly uncertain.
An example of the impact of these revisions is highlighted in the following example; for the revisions applied in February 2022 the average change to DCMS sector monthly GVA was 0.6%, but there were larger differences for some sectors, in some months e.g. the value of the Sport sector in May 2021 was revised from £1.
Compass Group had by far the highest number of global employees among companies based in the United Kingdom as of 2025, at approximately 500,000 employees. Tesco had the second-highest number of employees at around 336,400, followed by HSBC Holdings which had 211,000 employees. In the same year, HSBC Holdings had an annual revenue of 142.3 billion U.S. dollars, the third-highest among UK-based companies. The oil and gas giant Shell had the highest annual revenue at over 283 billion dollars, ahead of BP at 189 billion dollars. How many businesses are there in the UK? In 2024, there were approximately 5.5 million business enterprises in the UK, down from a peak of 5.98 million in 2020. Although there were just 1,930 large firms that employed 1,000 people or more, these firms employed more than a quarter of the UK's private sector workforce, and made a combined turnover of approximately 1.69 trillion British pounds. As of this year, the construction industry had the highest number of enterprises by sector, at over 870,000. The sector with the most workers was that of wholesale and retail, which collectively employed just under 4.9 million people in 2024, and also had the highest turnover compared to other sectors, at over 1.8 trillion pounds. Current UK economic climate Although the UK economy is expected to grow in 2025, growth has been downgraded from earlier forecasts, while inflation and unemployment are expected to be higher than initially thought. According to the business confidence index, sentiment among businesses at the end of 2024 was lower than it has been since early 2021. Furthermore, since the start of 2025, businesses have been shedding jobs at an accelerating rate, possibly due to recent tax rises, which was seen as the main external concern of businesses in early 2025. The precarious state of the UK's government finances, and potential tax rises in the next budget, are also likely feeding into this pessimistic mood.
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Gross and net capital stocks by selected industries and assets, in current prices and previous year's prices.
This statistic displays the economic benefits of Big Data analytics in the United Kingdom (UK) from 2015 to 2020, by industry. The report estimated that manufacturing would realize the largest benefits amounting to roughly ***** billion British pounds. Professional services were expected to gain benefits amounting to roughly **** billion British pounds.
These Economic Estimates are accredited official statistics used to provide an estimate of the contribution of DCMS sectors to the UK economy, measured by GVA (gross value added). This release includes annual estimates for 2010 to 2022, and provisional annual estimates for 2023.
This year, we have seen substantial revisions to GVA estimates for DCMS sectors to previously published data to 2022. This is due to revisions made by the Office for National Statistics (ONS) to the underlying data which these estimates are based on. GVA estimates are subject to scheduled revisions as more and higher quality data becomes available, and more information about this is available in the ONS article on https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/articles/gdprevisionsinbluebook2020/2024" class="govuk-link">GDP revisions in Blue Book: 2024. Further information of the impact of these revisions on DCMS sector GVA is available in the technical report above.
This is the full release and report of our Annual GVA publication, updating the tables-only release published on 19 December 2024 that was brought forward following the impact of scheduled ONS revisions in the National Accounts Blue Book 2024 on GVA estimates for DCMS sectors. This release includes new estimates for tourism and DCMS overall, and a report on the latest estimates.
There are limitations when comparing tourism GVA estimates over time. Estimates of tourism GVA from 2016 to 2021 are based on unrevised data from the Office for National Statistics (ONS) Tourism Satellite Account (TSA). The ONS does not make revisions to TSA estimates, however the underlying source data including GVA estimates, may be revised in future years. There are also differences in the data sources used for each TSA, which are outlined in the notes section of each https://www.ons.gov.uk/economy/nationalaccounts/satelliteaccounts/datasets/uktourismsatelliteaccounttsatables" class="govuk-link">individual TSA published by the ONS. Further information is available in the report and in the technical report.
These statistics cover the contributions of the following DCMS sectors to the UK economy;
Users should note that there is overlap between DCMS sector definitions and that several cultural sector industries are simultaneously creative industries.
The release also includes estimates for the audio visual sector and computer games subsector.
We have separately published ad hoc statistics for the art and antiques market. Annual GVA estimates for the art and antiques market have been published here alongside economic estimates on employment and trade.
Provisional 2023 estimates show that:
This year, we have seen substantial revisions to GVA estimates for DCMS sectors to previously published data to 2022.
Further information about these revisions, including how the latest 2022 figures comp
A list of fast facts on the performance of each sector of the UK economy.
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Annual estimates of balanced UK regional gross value added (GVA(B)). Current price estimates, chained volume measures and implied deflators for local authority districts, London boroughs, unitary authorities and Scottish Council areas, with a detailed industry breakdown.
These Economic Estimates are National Statistics used to provide an estimate of the contribution of DCMS Sectors to the UK economy, measured by the number of businesses.
These statistics cover the contributions of the following DCMS sectors to the UK economy;
Users should note that there is overlap between DCMS sector definitions and that the Telecoms sector sits wholly within the Digital sector.
The release also includes estimates for the Audio Visual sector and Computer Games sector.
A definition for each sector is available in the associated methodology note along with details of methods and data limitations.
These statistics were first published on 14 October 2021
DCMS aims to continuously improve the quality of estimates and better meet user needs. DCMS welcomes feedback on this release. Feedback should be sent to DCMS via email at evidence@dcms.gov.uk.
This release is published in accordance with the Code of Practice for Statistics (2018) produced by the UK Statistics Authority (UKSA). The UKSA has the overall objective of promoting and safeguarding the production and publication of official statistics that serve the public good. It monitors and reports on all official statistics, and promotes good practice in this area.
The accompanying pre-release access document lists ministers and officials who have received privileged early access to this release. In line with best practice, the list has been kept to a minimum and those given access for briefing purposes had a maximum of 24 hours.
Responsible statistician: Wilmah Deda.
For any queries or feedback, please contact evidence@dcms.gov.uk.
This data has been revised since publication. Please see DCMS Sectors Economic Estimates: Trade 2022 and 2023 for the latest estimates from 2016 to 2023.
In included DCMS sectors in 2021:
Goods: Exports were greater than imports, unlike the UK economy as a whole. Compared to 2019 (pre-pandemic), trade in goods accounted for a lower proportion of total UK trade in goods.
Services: Exports were greater than imports, like the UK economy as a whole. Compared to 2019 (pre-pandemic), trade in services accounted for a higher proportion of total UK trade in services.
The creative industries sector contributed the most to the value of goods and services imported and exported.
Tourism: UK residents spent more overseas (imports) than overseas visitors spent in the UK (exports).
In the digital sector in 2021:
Goods: Exports were lower than imports, like the UK economy as a whole. Compared to 2019 (pre-pandemic), trade in goods accounted for a lower proportion of total UK trade in goods.
Services: Exports were greater than imports, like the UK economy as a whole. Compared to 2019 (pre-pandemic), trade in services accounted for a higher proportion of total UK trade in services.
These economic estimates are official statistics used to provide an estimate of the contribution of DCMS sectors and the digital sector to the UK economy, measured by imports and exports of goods and services. Trade in tourism is estimated by spending by overseas residents in the UK and spending by UK residents overseas as proxy measurements for exports and imports.
These statistics cover the contributions of the following sectors to the UK economy.
DCMS sectors:
Users should note that there is overlap between DCMS sector definitions and that several cultural sector industries are simultaneously creative industries.
Estimates of civil society imports and exports are not available at present, due to a lack of suitable data.
The release also includes estimates for the audio visual sector. These do not form part of the DCMS total.
A definition for each sector is available in the tables published alongside this release. Further information on DCMS sectors is available in the associated technical report along with details of methods and data limitations.
Digital sector:
Users should note that there is overlap between these two sectors’ definitions in that the Telecoms sector sits wholly within the digital sector.
Estimates are published here separately for the digital sector (including the telecoms sector) as responsibility for these policy areas now sits with the Department for Science, Innovation and Technology.
These statistics were first published on 3 August 2023.
We have made the following changes to this data since publication:
On 18 August 2023: section 4.1 of the DCMS sectors economic estimates: Trade, 2021 main report was revised to correct a minor error in the commentary.
10 November 2023: due to the identification of an error, the DCMS and digital sector Economic Estimates trade in services data tables were removed and re-published with a reduced breakdown for 2021 while the error was being investigated.
14 March 2024: the DCMS trade in services tables have been re-published with breakdowns for 2021, including both sectors and subsectors.
24 May 2024: The DCMS and digital sector trade in services tables have been further updated and re-published to include revised 2021 and 2020 data.
There were around *** million private sector businesses operating in the United Kingdom in 2024, with ******* of these being construction businesses and a further ******* professional, scientific, and technical businesses. The overall number of businesses in the UK reached a peak of **** million in 2020, but fell quite sharply to **** million following the COVID-19 pandemic. UK business confidence muted in 2025 Several metrics suggest UK businesses are operating in a tough environment in 2025. Business confidence has generally declined since 2022, with many firms pointing to an increased tax burden as one of their main challenges. Inflation remains a major concern too, with elevated prices remaining in place from the inflation crisis, and expected to rise further in 2025. This challenging environment may also cause firms to think twice when it comes to hiring, with the UK labor market starting to show signs of this happening already. Labor market cooldown well underway A survey from Spring 2025 that asked businesses about their employment intentions revealed that ** percent of firms intended to reduce their staff levels, the highest share in that survey since 2020. The number of job vacancies in the UK has also continued to fall, with just ******* in June 2025. This was the fewest number of vacancies since April 2021, and outside the pandemic, the lowest since May 2015. The number of employees on UK payrolls has also declined recently, with the pace of this reduction accelerating since the start of the year.
The night time sector, including restaurants, bars, nightclubs, and other night time services, contribute six percent a year to the GDP of the UK economy, and eight percent to employment.
Shell had the highest annual revenue of all companies based in the United Kingdom in 2025, at approximately 284 billion U.S. dollars. BP had the second-highest annual revenue at over 189 billion dollars, followed by HSBC Holdings, which had a revenue of around 142 billion U.S. dollars. In terms of global employee numbers, however, Compass Group had the highest number among UK-based businesses, at approximately half a million in 2024, followed by Tesco at 336,400 and HSBC at almost 211,000. Big Oil, a banking giant, and Britain's top supermarket chain The two companies listed as having the most revenue in the UK this year are also two of the biggest oil and gas companies in the world, alongside Chevron, Eni, ExxonMobil, and TotalEnergies. After a huge surge in energy prices in 2022, these companies saw their profits recede slightly in 2023, but clearly remain in strong financial positions as of 2024. HSBC Holdings, meanwhile, was the largest bank in Europe in terms of market capitalization, and was estimated to have the second-highest number of UK-based customers in 2024. The company with the fourth-highest revenue in this year, Tesco has by some distance the largest grocery-market share in Great Britain, a position it has maintained despite growing competition from discounters like Lidl and Aldi. UK economy health check In the first quarter of 2025, the UK economy grew by 0.7 percent, emerging from a brief slowdown in growth towards the end of 2024. Consumer Price inflation, has, however, started to increase, with the inflation rate reaching 3.5 percent in April, the highest rate since January 2024. Furthermore, the UK labor market is showing signs of weakness, with quite a high number of job losses since the start of the year. Alongside these generally negative signs, business confidence in the UK has been falling, with the main concern of UK firms being that of taxation, as of early 2025.
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Index values and growth rates for production, manufacturing and the main industrial groupings in the UK.
With an ever increasing focus on sustainability and technological innovations, we've looked at how the UK sharing economy has performed over the past five years.
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This horizontal bar chart displays employees (people) by industry using the aggregation sum in the United Kingdom. The data is about companies.
In 2024, agriculture contributed around 0.56 percent to the United Kingdom’s GDP, 16.74 percent came from the manufacturing industry, and 72.79 percent from the services sector. The UK is not a farmer’s marketThe vast majority of the UK’s GDP is generated by the services sector, and tourism in particular keeps the economy going. In 2017, almost 214 billion British Pounds were contributed to the GDP through travel and tourism – about 277 billion U.S. dollars – and the forecasts see an upwards trend. For comparison, only an estimated 10.3 billion GBP were generated by the agriculture sector in the same year. But is it a tourist’s destination still? Though forecasts are not in yet, it is unclear whether travel and tourism can keep the UK’s economy afloat in the future, especially after Brexit and all its consequences. Higher travel costs, having to wait for visas, and overall more complicated travel arrangements are just some of the concerns tourists have when considering vacationing in the UK after Brexit. Consequences of the referendum are already observable in the domestic travel industry: In 2017, about 37 percent of British travelers said Brexit caused them to cut their holidays short by a few days, and about 14 percent said they did not leave the UK for their holidays because of it.