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.

GDP from Services in the United Kingdom increased to 466179 GBP Million in the first quarter of 2025 from 463051 GBP Million in the fourth quarter of 2024. This dataset provides - United Kingdom Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the business confidence index for the service sector in the United Kingdom from 2008 to 2017, with projections up until 2022. In 2017, the confidence index for the British service industry ranged at approximately **** index points, indicating a slight increase in business confidence.

Experimental dataset providing a breakdown of UK trade in services by industry, country and service type on a balance of payments basis. Data are subject to disclosure control.

First estimates of the UK environmental goods and services sector (EGSS) for 2022 and revised estimates for 2010 to 2021. Included are estimates of output, gross value added, employment and exports.

Monthly historical movements in output for services and their industry components, by chained volume indices of gross value added, UK.

Restaurants and mobile food services accounted for the largest sector of the food service industry in the United Kingdom, with ******* businesses in 2023. The other main sectors include beverage serving industries (pubs, bars and licensed clubs) and event catering. Overall, the total number of food service businesses operating in the UK decreased in 2023 compared to a year earlier.

United Kingdom PNFC: Service Sector: Rate of Return: Net data was reported at 17.200 % in Jun 2018. This records an increase from the previous number of 16.600 % for Mar 2018. United Kingdom PNFC: Service Sector: Rate of Return: Net data is updated quarterly, averaging 15.050 % from Mar 1989 (Median) to Jun 2018, with 118 observations. The data reached an all-time high of 22.400 % in Jun 2015 and a record low of 10.300 % in Mar 2001. United Kingdom PNFC: Service Sector: Rate of Return: Net data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.O029: ESA 2010: Profitability Statistics: Private Non Financial Corporations: Rate of Return: SIC 2007.

Employment in the financial services sector in the United Kingdom fell between 2001 and 2021. The total number of people employed in this sector amounted to approximately 1.1 million in 2021, a figure that is unchanged since 2009. This was a decrease compared to pre-global recession figures, when on the British market there were 1.2 million people employed in all subsectors of financial services. These figures have decreased as a result of the crisis and closure of bank branches across the country.

The closing of bank branches

The increasing usage of online banking has resulted in a large number of bank branch closures in the United Kingdom. Many banks have seen dramatic declines in their number of branches in the last few years. The branch closures have become a way for the banks of decreasing expenditure as profit margins become tighter.

Financial service sector

Financial services, which include banks, credit unions, credit-card companies, accountancy firms, insurance companies as well as financial service companies are an integral part of any economy. The banking sector assets as percentage of gross domestic product (GDP) was approximately 378 percent in 2019.

Monthly and annual movements in output for services and their industry sections and components, by chained volume indices of gross value added, UK.

The index of services (IoS) measures changes in the gross value added (GVA) of the UK services sector, tracking movements in volume output. According to a House of Common "Economic Indicators" report published in June 2021, service industries accounted for 80% of total UK economic output (i.e., GVA) in Q1 (January-March) 2021, and accounted for 82% of UK workforce jobs in the corresponding period. The UK service sectors includes finance, retail, business administration, wholesale, transport, hospitality, communications, government and other service-based markets (e.g., healthcare and education). The data in this report is sourced from the Office for National Statistics (ONS), while estimates are forecast by IBISWorld. Year-on-year figures are presented as a fiscal year (i.e., April through March) average of the index, with a base year of 2019 (i.e., 2019 calendar year = 100).

United Kingdom PNFC: Service Sector: Gross Operating Surplus data was reported at 255,962.000 GBP mn in 2017. This records an increase from the previous number of 254,716.000 GBP mn for 2016. United Kingdom PNFC: Service Sector: Gross Operating Surplus data is updated yearly, averaging 144,100.000 GBP mn from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 263,308.000 GBP mn in 2015 and a record low of 48,722.000 GBP mn in 1989. United Kingdom PNFC: Service Sector: Gross Operating Surplus data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.O030: ESA 2010: Profitability Statistics: Private Non Financial Corporations.

United Kingdom PNFC: Service Sector: Capital Employed: Net data was reported at 999,928.000 GBP mn in 2017. This records an increase from the previous number of 948,450.000 GBP mn for 2016. United Kingdom PNFC: Service Sector: Capital Employed: Net data is updated yearly, averaging 620,145.000 GBP mn from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 999,928.000 GBP mn in 2017 and a record low of 239,418.000 GBP mn in 1989. United Kingdom PNFC: Service Sector: Capital Employed: Net data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.O030: ESA 2010: Profitability Statistics: Private Non Financial Corporations.

The Monthly Inquiry into the Distribution and Services Sector (MIDSS) is designed to meet the Government need for the production of a monthly Index of Services (IoS) and the Index of Distribution (IoD) which is a component of the IoS. Turnover data are collected monthly and, additionally, employment data are collected quarterly. It is used to estimate the change in turnover (and employment) in the service and distribution industries (excluding retail).

MIDSS provides 40% of the current turnover data used in the compilation of the IoS and 45% of the data used to estimate the number of employees in the distribution and service industries. Both of these measures are key short-term economic indicators. The MIDSS also provides 30% per cent of the output measure of Gross Domestic Product (GDP) and feeds into the income measure of GDP along with other labour market data. There is no other official source of short-term economic data for distribution and service sectors with the comprehensive coverage of the MIDSS.

MIDSS covers the following sectors: motor trades, wholesale, hotels and restaurants, transport and postal services (excluding national post activities), renting, computer and related services, research and development, business services (e.g. labour recruitment and accounting), sewage and refuse disposal, recreation, and other services.

Linking to other business studies
These data contain Inter-Departmental Business Register reference numbers. These are anonymous but unique reference numbers assigned to business organisations. Their inclusion allows researchers to combine different business survey sources together. Researchers may consider applying for other business data to assist their research.

Forecast: Employees in IT services Sector in the UK 2022 - 2026 Discover more data with ReportLinker!

In 2024, the United Kingdom exported approximately 508 billion British pounds worth of services to the rest of the world, with approximately 101.4 billion of these services being financial. 'Other Business Services' that did not belong to a specific sector accounted for over 183 billion pounds of UK service exports.