There were around 5.5 million private sector businesses operating in the United Kingdom in 2024, with 870,185 of these being construction businesses and a further 754,940 professional, scientific and technical businesses.
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.
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.
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Numbers of enterprises and local units produced from a snapshot of the Inter-Departmental Business Register (IDBR) taken on 8 March 2024.
Compass Group had by far the highest number of global employees among companies based in the United Kingdom as of 2024, at approximately 500,000 employees. Tesco had the second-highest number of employees at 345,000, followed by HSBC Holdings which had 213,978 employees. As of the same year, HSBC Holdings had an annual revenue of 144.9 billion U.S. dollars, the third-highest among UK-based companies. The oil and gas giant Shell had the highest annual revenue at 289.7 billion dollars, ahead of BP at 202.8 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 In some ways, the UK economy is in a reasonably good position in 2024. There was moderate economic growth in the first half of the year, inflation has returned to more usual levels, and unemployment has remained low. According to the business confidence index, however, the current sentiment among businesses in September 2024 was lower than it has been since early 2021. Furthermore, the number of company insolvencies in England and Wales has steadily been increasing, with 25,000 taking place in 2023, and 22,000 in 2022, compared with just 14,000 in 2021. When SME leaders were asked in 2023, what the main obstacles to running their business were, 36 percent said increasing costs. 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.
These Economic Estimates are Official Statistics, used to provide an estimate of the number of business births and deaths in DCMS sectors.
These statistics cover the following DCMS sectors:
Creative Industries Cultural Sector Digital Sector Gambling Sport Telecoms Tourism (defined here as tourism industries)
In addition to the standard DCMS sectors, this release includes figures for the Audio-Visual sector.
A definition for each sector is available in the associated methodology note along with details of methods and data limitations. Civil Society is not covered in this release, as the sector is not defined on an equivalent basis.
09 July 2020
DCMS aims to continuously improve the quality of estimates and better meet user needs and 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 statistician for this release is Rishi Vaidya. For further details about the estimates, or to be added to a distribution list for future updates, please email us at evidence@dcms.gov.uk.
This document summarises the quality assurance processes applied during production of the release. It covers quality assurance carried out by both DCMS and our data providers (ONS).
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.
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.
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Annual employee and employment estimates for Great Britain and UK split by broad industry group Standard Industrial Classification: SIC 2007. Results given by full-time or part-time and public or private splits.
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.
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).
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 Official 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.
18 July 2018
DCMS aims to continuously improve the quality of estimates and better meet user needs. Feedback on this release should be sent to DCMS via email at evidence@culture.gov.uk by 19 October 2018.
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 Rishi Vaidya (020 7211 2320). 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.
These Economic Estimates are Official Statistics used to provide an estimate of the contribution of DCMS Sectors to the UK economy, measured by imports and exports of services and goods.
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.
11 February 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 https://code.statisticsauthority.gov.uk/" class="govuk-link">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 statistician for this release is Wilmah Deda. For further details about the estimates, or to be added to a distribution list for future updates, please email us at evidence@dcms.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.
In 2024, the leading business sector in the United Kingdom (UK) was infocomms, with a total number of deals amounting to almost 1,770. Following closely behind infocomms, professional services and manufacturing came second and third on the list, with 1,727 and 1,587 deals, respectively.
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License information was derived automatically
UK: No of Listed Domestic Companies: Total data was reported at 1,858.000 Unit in 2014. This records an increase from the previous number of 1,857.000 Unit for 2013. UK: No of Listed Domestic Companies: Total data is updated yearly, averaging 2,198.000 Unit from Dec 1975 (Median) to 2014, with 40 observations. The data reached an all-time high of 2,913.000 Unit in 2006 and a record low of 1,747.000 Unit in 1994. UK: No of Listed Domestic Companies: Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Financial Sector. Listed domestic companies, including foreign companies which are exclusively listed, are those which have shares listed on an exchange at the end of the year. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies, such as holding companies and investment companies, regardless of their legal status, are excluded. A company with several classes of shares is counted once. Only companies admitted to listing on the exchange are included.; ; World Federation of Exchanges database.; Sum; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
License information was derived automatically
Employment by industry and sex, UK, published quarterly, non-seasonally adjusted. Labour Force Survey. These are official statistics in development.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
United Kingdom UK: Stocks Traded: Total Value: % of GDP data was reported at 77.974 % in 2014. This records an increase from the previous number of 61.137 % for 2013. United Kingdom UK: Stocks Traded: Total Value: % of GDP data is updated yearly, averaging 41.678 % from Dec 1975 (Median) to 2014, with 40 observations. The data reached an all-time high of 131.624 % in 2010 and a record low of 5.825 % in 1979. United Kingdom UK: Stocks Traded: Total Value: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Financial Sector. The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.; ; World Federation of Exchanges database.; Weighted average; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.
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There were around 5.5 million private sector businesses operating in the United Kingdom in 2024, with 870,185 of these being construction businesses and a further 754,940 professional, scientific and technical businesses.