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.
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Monthly index values for monthly gross domestic product (GDP) and the main sectors in the UK to four decimal places.
As of January 2025, UK construction output as measured by gross value added was 3.2 percent larger than it was in 2022, while services output has grown by 2.3 percent, and agriculture by 2.7 percent. By comparison, production output has fallen by 3.1 percent.
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United Kingdom UK: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 9.203 % in 2017. This records an increase from the previous number of 9.015 % for 2016. United Kingdom UK: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 10.479 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 16.704 % in 1990 and a record low of 8.723 % in 2009. United Kingdom UK: GDP: % of GDP: Gross Value Added: Industry: Manufacturing 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: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
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Annual and quarterly data for UK gross domestic product (GDP) estimates, in chained volume measures and current market prices.
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United Kingdom UK: GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 47.367 % in 2015. This records a decrease from the previous number of 50.178 % for 2014. United Kingdom UK: GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 43.770 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 50.528 % in 2013 and a record low of 41.974 % in 2003. United Kingdom UK: GDP: % of Manufacturing: Medium and High Tech Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Share of GDP. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;
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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.
The statistic shows the growth rate in the real GDP in the United Kingdom from 2019 to 2023, with projections up until 2029. In 2023, the rate of GDP growth in the United Kingdom was at around 0.34 percent compared to the previous year.The economy of the United KingdomGDP is used an indicator as to the shape of a national economy. It is one of the most regularly called upon measurements regarding the economic fitness of a country. GDP is the total market value of all final goods and services that have been produced in a country within a given period of time, usually a year. Inflation adjusted real GDP figures serve as an even more telling indication of a country’s economic state in that they act as a more reliable and clear tool as to a nation’s economic health. The gross domestic product (GDP) growth rate in the United Kingdom has started to level in recent years after taking a huge body blow in the financial collapse of 2008. The UK managed to rise from the state of dark desperation it was in between 2009 and 2010, from -3.97 to 1.8 percent. The country suffered acutely from the collapse of the banking industry, raising a number of questions within the UK with regards to the country’s heavy reliance on revenues coming from London's financial sector, arguably the most important in the world and one of the globe’s financial command centers. Since the collapse of the post-war consensus and the rise of Thatcherism, the United Kingdom has been swept along in a wave of individualism - collective ideals have been abandoned and the mass privatisation of the heavy industries was unveiled - opening them up to market competition and shifting the economic focus to that of service.The Big Bang policy, one of the cornerstones of the Thatcher government programs of reform, involved mass and sudden deregulation of financial markets. This led to huge changes in the way the financial markets in London work, and saw the many old firms being absorbed by big banks. This, one could argue, strengthened the UK financial sector greatly and while frivolous and dangerous practices brought the sector into great disrepute, the city of London alone brings in around one fifth of the countries national income making it a very prominent contributor to wealth in the UK.
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United Kingdom UK: GDP: Growth: Gross Value Added: Industry data was reported at 3.053 % in 2017. This records an increase from the previous number of 1.452 % for 2016. United Kingdom UK: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 1.098 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 4.640 % in 2010 and a record low of -10.086 % in 2009. United Kingdom UK: GDP: Growth: Gross Value Added: Industry 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
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Annual estimates of balanced UK regional gross domestic product (GDP). Current price estimates and chained volume measures for local authority districts, London boroughs, unitary authorities and Scottish Council areas.
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UK GDP Composition by Sector, 2016 Discover more data with ReportLinker!
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GDP from Agriculture in the United Kingdom increased to 4266 GBP Million in the fourth quarter of 2024 from 4241 GBP Million in the third quarter of 2024. This dataset provides - United Kingdom Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Monthly estimate of gross domestic product (GDP) containing constant price gross value added (GVA) data for the UK.
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Key information about United Kingdom Real GDP Growth
In July 2024, the UK's gross value added (GVA) increased by 1.2 percent when compared with the same period in 2023. During this time period, the fastest growth was in the transportation and storage sector, which grew by 8.2 percent. By contrast, GVA in the sector 'other service activities' shrank by 4.7 percent.
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Quarterly levels for UK gross domestic product (GDP) expenditure components, in chained volume measures at market prices.
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United Kingdom UK: Domestic Credit: to Private Sector: % of GDP data was reported at 136.203 % in 2017. This records an increase from the previous number of 134.256 % for 2016. United Kingdom UK: Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 94.784 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 194.862 % in 2009 and a record low of 17.556 % in 1960. United Kingdom UK: Domestic Credit: to Private Sector: % 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: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;
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United Kingdom UK: GDP: Real: Gross Value Added at Factor Cost: Industry data was reported at 302,638.130 GBP mn in 2017. This records an increase from the previous number of 293,672.602 GBP mn for 2016. United Kingdom UK: GDP: Real: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 289,900.157 GBP mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 309,940.236 GBP mn in 2007 and a record low of 263,337.754 GBP mn in 1992. United Kingdom UK: GDP: Real: Gross Value Added at Factor Cost: Industry 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: Gross Domestic Product: Real. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.
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United Kingdom UK: Monetary Sector Credit to Private Sector: % of GDP data was reported at 120.831 % in 2023. This records a decrease from the previous number of 129.900 % for 2022. United Kingdom UK: Monetary Sector Credit to Private Sector: % of GDP data is updated yearly, averaging 100.120 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 192.438 % in 2009 and a record low of 17.339 % in 1960. United Kingdom UK: Monetary Sector Credit to Private Sector: % 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: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;;
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United Kingdom UK: GDP: % of Manufacturing: Food, Beverages and Tobacco data was reported at 18.325 % in 2013. This records an increase from the previous number of 17.704 % for 2012. United Kingdom UK: GDP: % of Manufacturing: Food, Beverages and Tobacco data is updated yearly, averaging 13.848 % from Dec 1963 (Median) to 2013, with 47 observations. The data reached an all-time high of 19.737 % in 2009 and a record low of 12.015 % in 1963. United Kingdom UK: GDP: % of Manufacturing: Food, Beverages and Tobacco data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Food, beverages, and tobacco correspond to ISIC divisions 15 and 16.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;
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.