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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Graph and download economic data for Financial System Deposits to GDP for United Kingdom (DISCONTINUED) (DDDI08GBA156NWDB) from 1960 to 2009 about United Kingdom, deposits, financial, and GDP.
The gross domestic product of the United Kingdom was around 2.56 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.54 trillion pounds. The significant drop in GDP visible in 2020 was due to the COVID-19 pandemic, with the smaller declines in 2008 and 2009 because of the global financial crisis of the late 2000s. Low growth problem in the UK Despite growing by 0.9 percent in 2024, and 0.4 percent in 2023 the UK economy is not that much larger than it was before the COVID-19 pandemic. Since recovering from a huge fall in GDP in the second quarter of 2020, the UK economy has alternated between periods of contraction and low growth, with the UK even in a recession at the end of 2023. While economic growth picked up somewhat in 2024, GDP per capita is lower than it was in 2022, following two years of negative growth. UK's global share of GDP falling As of 2024, the UK had the sixth-largest economy in the world, behind the United States, China, Japan, Germany, and India. Among European nations, this meant that the UK currently has the second-largest economy in Europe, although the economy of France, Europe's third-largest economy, is of a similar size. The UK's global economic ranking will likely fall in the coming years, however, with the UK's share of global GDP expected to fall from 2.16 percent in 2025 to 2.02 percent by 2029.
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United Kingdom UK: Banking Institutions: Foreign Assets data was reported at 3,692,394.000 GBP mn in Sep 2018. This records a decrease from the previous number of 3,715,082.000 GBP mn for Jun 2018. United Kingdom UK: Banking Institutions: Foreign Assets data is updated quarterly, averaging 547,933.000 GBP mn from Mar 1963 (Median) to Sep 2018, with 223 observations. The data reached an all-time high of 3,905,217.000 GBP mn in Dec 2008 and a record low of 1,693.000 GBP mn in Mar 1963. United Kingdom UK: Banking Institutions: Foreign Assets data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Financial System: Deposit Money Banks: Quarterly.
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United Kingdom UK: Monetary Authorities: Foreign Assets data was reported at 19,446.000 GBP mn in 2017. This records an increase from the previous number of 17,964.000 GBP mn for 2016. United Kingdom UK: Monetary Authorities: Foreign Assets data is updated yearly, averaging 10,114.500 GBP mn from Dec 1952 (Median) to 2017, with 66 observations. The data reached an all-time high of 39,075.000 GBP mn in 2008 and a record low of 659.000 GBP mn in 1952. United Kingdom UK: Monetary Authorities: Foreign Assets data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Financial System: Monetary Authorities: Annual.
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United Kingdom UK: Banking Survey: Broad Money: % Change over Previous Year data was reported at 8.717 % in 2016. This records an increase from the previous number of 1.974 % for 2015. United Kingdom UK: Banking Survey: Broad Money: % Change over Previous Year data is updated yearly, averaging 8.825 % from Dec 1952 (Median) to 2016, with 65 observations. The data reached an all-time high of 27.901 % in 1972 and a record low of -4.418 % in 2011. United Kingdom UK: Banking Survey: Broad Money: % Change over Previous Year data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Financial System: Monetary: Annual.
These latest estimates of the flows of goods and services in the Northern Ireland (NI) economy have been produced in line with guidance from the European System of Accounts (2010) – an international standard approach. The statistics provide the most complete picture of the detailed structure and characteristics of the local economy currently available. A detailed set of Supply-Use tables are included for 2017 and 2018.
This statistic presents the comparative size of the United Kingdom (UK) banking system as GDP share in 1975, 2006 and 2013. In 2006 the overall value of the banking system equaled approximately *** percent of the UK GDP, however by 2013 it decreased to *** percent.
The statistic shows the distribution of the workforce across economic sectors in the United Kingdom from 2013 to 2023. In 2023, 0.99 percent of the workforce were employed in agriculture, 17.77 percent in manufacturing and 81.25 percent in services. The same year, the total UK population amounted to about 81 million people.
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Daily data showing SAP of gas, and rolling seven-day average, traded in Great Britain over the On-the-Day Commodity Market (OCM). These are official statistics in development. Source: National Gas Transmission.
Abstract copyright UK Data Service and data collection copyright owner. This study is comprised by the data collected for a wider project exploring the historical relationship between higher education and the UK economy. The project sought to provide a long-term explanation of the relationships between funding, widening access and socio-economic aspects of higher education. Three main areas were considered: -The provision of an in-depth historical account and analysis of the numbers and extent of students and staff for the purposes of evaluating the main characteristics of UK higher education development back the 1920s. -The provision of an in-depth historical account and evaluation of levels and structures of income and expenditure in higher education -The interpretation of these data with reference to major socio-economic indicators. Main Topics: This study is a collation and analysis of statistics on UK higher education which refers to pre-1992 universities and includes all institutions delivering degrees afterwards. The dataset, which gathers historical series on funding and development of universities from the early 1920s, is the result of research into primary and secondary governmental and institutional sources. Please note: this study does not include information on named individuals and would therefore not be useful for personal family history research. No sampling (total universe) Compilation or synthesis of existing material
As London looks ahead to a skills devolution deal, the capital has ambitions to create an adult skills system that is more responsive to the needs of the local economy. This work reflects on the area based review which will shape the future of the Further Education sector in London. Analysis by GLA Economics sets out what drives London’s economy, and what this means for future skills needs. In this series of papers we analyse the demand for jobs and skills to inform the Government’s area reviews of post-16 education and training, covering four London sub-regions (working papers 76-79). Thanks to London’s excellent transport links, the job opportunities available to learners are wider than a particular sub-region. The 2011 Census shows that less than half of all workers in London (48%) live in the same sub-regional area as their place of work. This calls for a broader, pan-London view (working paper 75). https://www.london.gov.uk/business-and-economy-publications/skills-londons-economy
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The United Kingdom: Banking system capital, percent of assets: The latest value from 2020 is 6.87 percent, an increase from 6.79 percent in 2019. In comparison, the world average is 10.50 percent, based on data from 105 countries. Historically, the average for the United Kingdom from 1998 to 2020 is 6.56 percent. The minimum value, 4.4 percent, was reached in 2008 while the maximum of 9.9 percent was recorded in 2002.
The Great Britain Historical Database has been assembled as part of the ongoing Great Britain Historical GIS Project. The project aims to trace the emergence of the north-south divide in Britain and to provide a synoptic view of the human geography of Britain at sub-county scales. Further information about the project is available on A Vision of Britain webpages, where users can browse the database's documentation system online.
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United Kingdom UK: Monetary Authorities: Reserve Money data was reported at 537,810.000 GBP mn in 2017. This records an increase from the previous number of 446,877.000 GBP mn for 2016. United Kingdom UK: Monetary Authorities: Reserve Money data is updated yearly, averaging 12,884.500 GBP mn from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 537,810.000 GBP mn in 2017 and a record low of 1,822.000 GBP mn in 1950. United Kingdom UK: Monetary Authorities: Reserve Money data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Financial System: Monetary Authorities: Annual.
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Money Supply M3 in the United Kingdom increased to 3676359 GBP Million in July from 3645165 GBP Million in June of 2025. This dataset provides - United Kingdom Money Supply M3 - actual values, historical data, forecast, chart, statistics, economic calendar and news.
For DCMS sector data, please see: Economic Estimates: Earnings 2023 and Employment October 2022 to September 2023 for the DCMS Sectors and Digital Sector
For Digital sector data, please see: Economic Estimates: Earnings 2023 and Employment October 2022 to September 2023 for the DCMS Sectors and Digital Sector
Last update: 10 February 2022 Next update: July 2022 Geographic coverage: UK
There were, on average, 4.2 million filled jobs (12.7% of the UK total) in DCMS sectors (excluding Tourism) in the 12 month period between October 2020 and September 2021, a 1.7% increase compared to the preceding 12 months. Over the same period total UK filled jobs fell by 1.2%.
The Creative Industries had the most jobs with 2.3 million, followed by the Digital Sector (1.8 million) and Civil Society (0.9 million). The sector with the fewest jobs was Gambling at 76 thousand.
On Friday 4th November, we removed the DCMS statistics on socio-economic background and current occupation, using data from the Labour Force Survey (LFS) for the period July to September 2021.
This is because ONS have identified an https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/articles/theimpactofmiscodingofoccupationaldatainofficefornationalstatisticssocialsurveysuk/2022-09-26" class="govuk-link">issue with the way their underlying survey data has been assigned to the refreshed SOC2020 codes that were used to calculate these estimates in this publication. ONS expects to resolve the issue by Spring 2023.
No other data in this release is affected. Data covering https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1043520/DCMS_sectors_Economic_Estimates_Employment_Labour_Force_Survey_July_to_September_2016_2019_and_2020.ods" class="govuk-link">July to September 2020 for socio-economic background and current occupation is unaffected by the issue.
These Economic Estimates are National Statistics used to provide an estimate of employment (number of filled jobs) in the DCMS Sectors, for the period October 2020 to September 2021. The findings are calculated based on the ONS Annual Population Survey (APS).
These statistics cover the contributions of the following DCMS sectors to the UK economy;
A definition for each sector is available in the accompanying technical document along with details of methods and data limitations.
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 analyst: George Ashford
For any queries or feedback, please contact evidence@dcms.gov.uk.
The UK regions with the biggest increase in DCMS Sector (excluding Tourism and Civil Society) GVA were London and the East Midlands which grew by 53.3% and 31.4%, respectively, in real terms between 2010 and 2018.
East Midlands, Scotland, West Midlands and Yorkshire and the Humber saw the highest growth in DCMS sectors GVA since 2017 (7.0%, 6.8%, 6.0%, and 6.0% respectively).
Activity in DCMS sectors was more concentrated in London than the general economy; 39.6% of DCMS sector GVA was accounted for in London compared to 23.6% for the total UK economy.
GVA from the Creative Industries, Cultural, Digital and Telecoms sectors was largely concentrated in London and the South East. By contrast, GVA from the Sport and Gambling sectors was distributed more evenly across the UK, although these sectors are much smaller in value.
These Economic Estimates are Official Statistics used to provide an estimate of Gross Value Added (GVA) 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 https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/829114/DCMS_Sectors_Economic_Estimates_-_Methodology.pdf" class="govuk-link">methodology note along with details of methods and data limitations.
20 May 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 Ziga Dernac. 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.
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United Kingdom UK: Banking Survey: Claims on Government: Net data was reported at 588,924.000 GBP mn in Sep 2018. This records a decrease from the previous number of 602,775.000 GBP mn for Aug 2018. United Kingdom UK: Banking Survey: Claims on Government: Net data is updated monthly, averaging 23,733.000 GBP mn from Jan 1987 (Median) to Sep 2018, with 381 observations. The data reached an all-time high of 622,630.000 GBP mn in Apr 2017 and a record low of -29,210.000 GBP mn in Feb 2007. United Kingdom UK: Banking Survey: Claims on Government: Net data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Financial System: Monetary.
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The United Kingdom: Banking system z-scores: The latest value from 2021 is 18.11 index points, an increase from 17.63 index points in 2020. In comparison, the world average is 17.25 index points, based on data from 136 countries. Historically, the average for the United Kingdom from 2000 to 2021 is 13.77 index points. The minimum value, 5.06 index points, was reached in 2008 while the maximum of 23.7 index points was recorded in 2003.
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.