In 2023, agriculture contributed around 0.58 percent to the United Kingdom’s GDP, 17.5 percent came from the manufacturing industry, and 72.53 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.
Tap into the UK’s fastest-growing industries to identify opportunities both within and beyond the London area.
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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.
As of April 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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Index values and growth rates for production, manufacturing and the main industrial groupings in the UK.
As of February 2025, Rolls-Royce Holdings Plc was the leading company in the industrial goods and services sector on the London Stock Exchange (LSE), with a market capitalization of 63 billion British pounds. Second on the list was CRH Plc, with a value of 51.8 billion British pounds.
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.
In the eyes of consumers in the United Kingdom, retail offered the best customer experience (CX) over other industries, a recent study carried out by Sales Force revealed. According to the survey exploring digital transformation and customer experience in the UK, in comparison to 47 percent of respondents who found retail to be CX-friendly, only 20 percent of respondents were happy with the customer experience financial services provided customers.
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Monthly index values for production and the main Index of Production sectors in the UK to four decimal places.
In June 2023, GVA of reported DCMS sectors increased at a greater rate than the UK as a whole. GVA of the included DCMS Sectors grew by around 1.0% compared to May 2023, while the UK as a whole grew by 0.5%. This followed a 0.1% estimated growth in DCMS Sectors in April (up 0.2% in the whole UK economy) and a 0.9% estimated increase in May (0.1% decrease for the whole UK economy).
GVA of reported DCMS Sectors (excluding Tourism) in June 2023 was 10% above February 2020 levels, which was the most recent month prior to pandemic measures being introduced in the UK. By comparison, GVA for the whole UK economy was 0.8% higher than in February 2020.
In June 2023, Digital Sector GVA grew by around 1% from May 2023, while GVA for the UK economy grew by less (0.5%). This increase followed a 0.9% increase for the Digital Sector in April (up 0.2% for the whole UK economy) and a 0.2% estimated increase in May (0.1% decrease for the whole UK economy).
GVA by the Digital Sector in March 2023 was 15% above February 2020 levels, which was the most recent month prior to pandemic measures being introduced in the UK. By comparison, GVA for the whole UK economy was 0.8% higher than in February 2020.
16 August 2023
皇冠体育app DCMS Sector total reported here includes Civil Society, Creative Industries, Cultural Sector, Gambling and Sport. Tourism is not included as the data is not yet available (see note in data table). Figures for the Digital Sector and Telecoms are presented separately as responsibility for these policy areas now sits with the Department for Science, Innovation and Technology.
皇冠体育appse Economic Estimates are Official Statistics used to provide an estimate of the economic contribution of DCMS Sectors, and of the Digital Sector, in terms of gross value added (GVA), for the period January 2019 to June 2023. This current release contains new figures for April to June 2023.
Estimates are in chained volume measures (i.e. have been adjusted for inflation), at 2019 prices, and are seasonally adjusted. 皇冠体育appse 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:
皇冠体育app findings are calculated based on published ONS data sources including the Index of Services and Index of Production.
皇冠体育appse 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, and the Digital Sector, are respectively defined at a more detailed industrial level. For example, GVA for 鈥楥ultural education鈥� (a sub-sector of the Cultural Sector within the DCMS Sectors) is estimated based on the trend for all education. Sectors such as 鈥楥ultural education鈥� may have been affected differently by COVID-19 compared to education in general. 皇冠体育appse 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.
皇冠体育app technical guidance contains further information about data sources, methodology, and the validation and accuracy of these estimates. 皇冠体育app latest version of this guidance was published in November 2022. 皇冠体育app only significant change since then is that figures for the Digital Sector and Telecoms are now presented separately as responsibility for these policy areas now sits with the Department for Science, Innovation and Technology.
皇冠体育appse statistics cover the contributions of the following sectors to the UK economy.
Users should note that there is overlap between DCMS sector definitions
A list of fast facts on the performance of each sector of the UK economy.
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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Monthly index values for monthly gross domestic product (GDP) and the main sectors in the UK to four decimal places.
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.
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
In 2019, DCMS Sectors contained 5.3 million filled jobs, accounting for 15.7% of all UK jobs. Additionally:
These Economic Estimates are Official Statistics used to provide an estimate of employment (number of jobs) in the DCMS Sectors.
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.
30 April 2020
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@culture.gov.uk.
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 Rachel Moyce. 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.
Following the BoE’s interest rate cut, explore the immediate impact on the UK economy and how finance professionals and businesses can navigate the prospect of future reductions.
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The size of the Oil and Gas Industry in UK market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 1.35% during the forecast period.Oil and gas are fossil fuels, which derive from millions of years ago, that is, plants and animals. Oil is a liquid hydrocarbon whereas the natural gas is a gaseous hydrocarbon. The processes of drilling and production obtain these fuels from the underground reservoirs.UK oil and gas industry: The major contributor to the economy of the country; gives energy security and provides revenues. The North Sea is the largest oil and gas production area, with most of its platforms having access to these liquids. They are used in transporting fluids around, for space heating, electricity generation, and as feedstocks for petrochemicals and other purposes. However, there are setbacks such as declining production, environmental pressure, and worldwide trends towards cleaner sources of energy. Now, the UK government is promoting an adjustment toward a low-carbon economy while saving for an oil and gas industry with a sustainable future. Recent developments include: May 2023: Shell PLC, a major oil and gas company from the United Kingdom, and big-data analytics company SparkCognition announced their collaboration, stating that Shell will leverage artificial intelligence-based technology to enhance offshore oil exploration and production in deep-sea exploration and production., May 2022: BP PLC, one of the major oil and gas companies, announced that they are going to invest USD 22.5 billion in the oil and gas fields located in the North Sea by the end of 2030 to ramp up production activities in the region with decreased emissions. This will help the United Kingdom boost its energy security and sustainably meet its increased energy demands.. Key drivers for this market are: 4., Domestic Oil and Gas Production4.; Investments in Oil and Gas Infrastructure Development. Potential restraints include: 4., Growth of Renewable Energy. Notable trends are: Upstream Segment Expected to Dominate the Market.
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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Includes industry by industry and further analysis tables derived from the annual Supply and Use Tables (SUTs).
All level estimates in this release are presented in 2022 prices.
In December 2024, these early estimates indicate that GVA by DCMS sectors grew by around 1% compared to November 2024, while GVA by the UK as a whole grew by 0.4%.
Looking at the quarter as a whole, in the three months to December 2024, GVA by the included DCMS sectors is estimated to have fallen by 1% compared with the three months to September 2024, while the UK economy as a whole is estimated to have grown slightly by 0.1%.
Since February 2020 (pre-pandemic), these early estimates indicate that included DCMS sector GVA has grown at a slightly slower rate than the UK as a whole at a 2% increase compared to 3.6% for the UK economy, though trends vary by sector.
18 February 2024
The DCMS Sector total reported here includes civil society, creative industries, cultural sector, gambling and sport. Tourism is not included as the data is not available (see note in data table).
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 December 2024. This current release contains first estimates for October to December 2024.
Estimates are in chained volume measures (i.e. have been adjusted for inflation), at 2022 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:
The estimates 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’ (a sub-sector of the cultural sector within the DCMS sectors) 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 2022. 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. The latest version of this guidance was published in November 2023.
These statistics cover the contributions of the following 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.
Timely estimates of tourism GVA are not available at present, due to a lack of suitable data.
We aim to continuously improve the quality of estimates and better meet user needs. We welcome feedback on this release. Feedback should be sent via email to evidence@dcms.gov.uk.
Our statistical practice is regulated by the OSR. OSR sets the standards of trustworthiness, quality and value in the https://code.statisticsauthority.gov.uk/the-code/" class="govuk-link">Code of Practice for Statistics that all producers of official statistics should adhere to.
You are welcome to contact us directly with any comments about how we meet these standards by emailing evidence@dcms.gov.uk. Alternatively, you can contact OSR by emailing <a href="mailto:regulation@statistics.gov.uk" cl
In 2023, agriculture contributed around 0.58 percent to the United Kingdom’s GDP, 17.5 percent came from the manufacturing industry, and 72.53 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.