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.
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.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
License information was derived automatically
Monthly index values for production and the main Index of Production sectors in the UK to four decimal places.
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.
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.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
License information was derived automatically
Numbers of enterprises and local units produced from a snapshot of the Inter-Departmental Business Register (IDBR) taken on 8 March 2024.
In 2024, there were approximately 5.5 million private businesses operating in the United Kingdom, a slight decrease when compared with the previous year, and down from a peak of 5.98 million businesses reported in 2020. There has been a net increase of around 2.03 million business enterprises since 2000, when there were 3.47 million. During the provided time period, the largest annual rise in the number of businesses occurred between 2013 and 2014, which saw a net increase of approximately 340,000 private enterprises. Employment in the UK Of the almost 34 million people employed in the UK in 2025 almost 28 million are employed in the private sector, highlighting their key role in the UK economy. Additionally, a significant share of the UK workforce are employed by around 4,000 large companies which employ over 500 people. In 2024, large companies employed over 9.65 million people, despite only composing a fraction of the total number of UK private enterprises. During the same time period, the UK public sector employed around 6.1million people, approximately 17.9 percent of the workforce. Retail and wholesale dominate Over 4.9 million people were employed in retail and wholesale in the UK in 2024, the most of any sector. After the retail sector, administrative, and support service businesses were the next biggest employer, at just over 3.09 million people. Retail and wholesale enterprises were also responsible for the highest combined turnover of UK businesses, at more than 1.8 trillion British pounds. The sector with the most enterprises, was the construction sector with over 870,000 enterprises belonging to this industry in 2024.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
License information was derived automatically
Size and growth within UK non-financial business sectors, as measured by the Annual Business Survey, by four-digit Standard Industrial Classification 2007.
In 2024, there were approximately 870,040 small and medium-sized enterprises (SMEs) in the construction sector in the United Kingdom, the most of any sector in that year. The sector with the second-highest number of SMEs was the Professional, Scientific and Technical activities sector, at 754,520 SMEs.
15 November 2024: We have made a small number of revisions to the DCMS Economic Estimates Business Demographics 2023 report and data tables, following the identification of an error. This affects figures for Tourism Industries in 2023 in Tables 2 to 6; 2023 Audio Visual figures in Tables 2, 4, 5 and 6 and the 2022 DCMS total in Table 2.
These economic estimates are National Statistics providing an estimate of the contribution of DCMS Sectors to the UK economy, measured by the number of businesses.
In March 2023 there were 584,920 businesses in the included DCMS sectors, a decrease of 3,245 (0.6%) from March 2022. This is compared to a decrease of 1.5% in UK registered businesses overall.
In March 2023 the vast majority (87.3%) of businesses in included DCMS sectors fell into the micro (0 to 9) employment band, a slightly lower proportion than for UK registered businesses in general (89.1%).
In March 2023, 79.5% of included DCMS sector businesses had a turnover of less than £250,000, a higher proportion than for UK businesses in general (68.1%).
There were 200,600 businesses in the digital sector, a decrease of 9,090 (4.3%) from March 2022. This is compared to a decrease of 1.5% in UK registered businesses overall.
The vast majority (91.9%) of businesses in the digital sector fell into the micro (0 to 9) employment band, a slightly higher proportion than for UK registered businesses in general (89.1%).
In March 2023, 78.3% of digital sector businesses had a turnover of less than £250,000, a higher proportion than for UK businesses in general (68.1%).
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. Estimates are not available for the civil society sector, because they are not identifiable in the data source used for this release.
These statistics also cover the contributions of the digital sector and telecoms to the UK economy. Users should note telecoms sits wholly within the digital sector.
The release also includes estimates for the audio visual sector, which is not a DCMS sector or digital sector but is “adjacent” to them and includes some industries also common to DCMS and digital sectors.
A definition for each sector is available in the published data tables.
We have made a number of changes to DCMS and digital sector economic estimates: business demographics in recent years:
Additional information about the change in data source from the ABS to the IDBR in 2022 can be found in the source data change summary note.
We welcome any views on these changes at evidence@dcms.gov.uk.
These statistics were first published on 16 November 2023.
DCMS economic estimates are https://osr.statisticsauthority.gov.uk/accredited-official-statistics/" class="govuk-link">accredited official statistics and published in accordance with the standards of trustworthiness, quality and value in the https://code.statisticsauthority.gov.uk/" class="govuk-link">Code of Practice for Statistics, produced by the UK Statistics Authority (UKSA). Accredited official statistics are called National Statistics in the Statistics and Registration Service Act 2007. These official statistics were independently reviewed by the Office for
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
License information was derived automatically
Distribution and use of income account and capital account, financial account and balance sheet quarterly data for households and non-profit institutions serving households.
Tap into the UK’s fastest-growing industries to identify opportunities both within and beyond the London area.
For DCMS sector data, please see: Economic Estimates: Employment and APS earnings in DCMS sectors, January 2023 to December 2023
For Digital sector data, please see: Economic Estimates: Employment in DCMS sectors and Digital sector, January 2022 to December 2022
These Economic Estimates are National Statistics used to provide an estimate of the contribution of DCMS Sectors to the UK economy, measured by employment (number of jobs).
These statistics cover the contributions of the following DCMS sectors to the UK economy;
A definition for each sector is available in the associated methodology note along with details of methods and data limitations.
26 June 2019
This release is published in accordance with the Code of Practice for Statistics, as produced by the UK Statistics Authority. The Authority 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 responsible statisticians for this release is Wilmah Deda (020 7211 6376). For further details about the estimates, or to be added to a distribution list for future updates, please email us at evidence@culture.gov.uk.
The document above contains a list of 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.
London had the most business enterprises of any region of the United Kingdom, with ******* registered in 2024, while the South East, had the second-highest amount at *******. Northern Ireland and North East England had the fewest businesses at ***, *** and ******* respectively.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
License information was derived automatically
Annual revisions and year-on-year changes to business turnover, approximate gross value added (aGVA) and purchases within the UK non-financial business sectors as measured by the Annual Business Survey; Standard Industrial Classification 2007 by broad industry group.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
License information was derived automatically
Quality measures for annual data on size and growth within the UK non-financial business sectors, as measured by the Annual Business Survey.
https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required
Graph and download economic data for Benchmarked Unit Labor Costs - Business Sector for the United Kingdom (DISCONTINUED) (ULQBBU08GBA662N) from 1970 to 2010 about unit labor cost, sector, United Kingdom, business, and labor.
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;
A definition for each sector is available in the associated methodology note along with details of methods and data limitations.
29 May 2020
DCMS aims to continuously improve the quality of estimates and better meet user needs. Feedback and responses should be sent to DCMS via email at evidence@culture.gov.uk.
This release is published in accordance with the Code of Practice for Official Statistics (2009), as produced by the UK Statistics Authority. The Authority 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 responsible statisticians for this release is Sam Atkin. For further details about the estimates, or to be added to a distribution list for future updates, please email us at evidence@culture.gov.uk.
The document above contains a list of 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.
This document summarises the quality assurance processes applied during production of the DCMS Sectors Economic Estimates 2018: Business Demographics release. It covers quality assurance carried out by both DCMS and our data providers (ONS).
The wholesale and retail trade sector in the United Kingdom had a combined turnover of more than *** trillion British pounds in 2024, more than double that of the manufacturing sector, the sector with the second-highest turnover at ****** billion pounds.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
License information was derived automatically
Monthly Business Survey production industries' total turnover, domestic sales and exports in the UK. Figures are in current price and are non-seasonally adjusted.
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.