Headline findings

All estimates in this release are presented in 2022 prices and in chained volume measures. Estimates are provisional and subject to planned revisions. The index of estimated monthly GVA shows the growth or decline of the Digital Sector and its subsectors relative to January 2019.

This current release contains new monthly figures for April 2024 to June 2024 and minor revisions for January 2024 to March 2024.

Estimates of monthly GVA (£ million) are used to determine percentage changes over the relevant time periods mentioned here.

• Estimated monthly GVA for the Digital Sector increased by 1.1% between March 2024 and June 2024, while the GVA of the UK is estimated to have increased by 0.4% over the same period.
• Based on these estimates, the Digital Sector accounted for 7.2% of total UK GVA in June 2024, down from 7.4% in June 2023.
• In our Economic Estimates: Digital Sector Monthly GVA (to March 2024) release we reported a 0.2% increase in Digital Sector GVA from December 2023 to March 2024. As part of planned revisions to the underlying data in this release, this change in Digital Sector GVA has been revised down to a 0.2% decrease from December 2023 to March 2024.
• These same revised figures estimate that monthly Digital Sector GVA decreased by 1.8% in the 12 months between March 2023 and March 2024 whilst, over the same period, the estimate for the total UK GVA increased by 0.9%.

Released

26 September 2024

About this release

This is a continuation of the Digital Economic Estimates: Monthly GVA series, previously produced by Department for Culture, Media and Sport (DCMS). Responsibility for Digital Sector policy now sits with the Department for Science, Innovation and Technology (DSIT).

Monthly estimates

These estimates are Official Statistics, used to provide an estimate of the economic contribution of the Digital Sector, in terms of Gross Value Added (GVA), for the period January 2019 to June 2024. This current release contains new monthly figures for April 2024 to June 2024 and minor revisions for January 2024 to March 2024.

Estimates are presented 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:

• Look at relative indicative changes in GVA over time for the Digital Sector and subsectors

You should not use these estimates to:

• Quantify GVA for a specific month
• Measure absolute change in GVA over time
• Determine findings for sectors that are defined using more detailed industrial classes (due to the data sources only being available at broader industry levels)

Data sources and technical information

These findings are calculated based on published Office for National Statistics (ONS) data sources including the Index of Services and Index of Production.

These data sources are available for industrial ‘divisions’, whereas the Digital Sector is defined using more detailed industrial ‘classes’. This represents a significant limitation to this statistical series; the implications of which are discussed furt

Headline findings

All estimates in this release are presented in 2022 prices and in chained volume measures. Estimates are provisional and subject to planned revisions. The index of estimated monthly GVA shows the growth or decline of each sector or subsector relative to January 2019. Estimates of monthly GVA (£ million) are used to determine percentage change over the relevant time periods mentioned here.

The Digital Sector

• Estimated monthly GVA for the Digital Sector increased by 0.2% for the three months from December 2023 to March 2024, while the GVA of the UK is estimated to have increased by 1.0% over the same period.
• Estimated monthly Digital Sector GVA decreased by 1.5% in the 12 months between March 2023 and March 2024 whilst, over the same period, the estimate for the UK increased by 0.8%.
• Based on these estimates, the Digital Sector accounted for 7.2% of total UK GVA in March 2024, down from 7.4% in March 2023.
• Digital sector GVA is estimated to be approximately £161 billion for the 2023 calendar year.

The Telecommunications Sector

Telecommunications is a subsector of the Digital Sector. Due to specific interest in this sector, we have provided additional headline figures:

• Estimated monthly GVA for the Telecommunications Sector decreased by 0.1% in the 3 months from December 2023 to March 2024.
• Estimated monthly GVA for the Telecommunications Sector decreased by 2.3% in the 12 months from March 2023 to March 2024.
• Based on these estimates, the Telecommunications Sector accounted for 1.57% of total UK GVA in March 2024, down from 1.62% in March 2023.

Released

13 June 2024

About this release

This is a continuation of the Digital Economic Estimates: Monthly GVA series, previously produced by Department for Culture, Media and Sport (DCMS). Responsibility for Digital and Telecommunications policy now sits with the Department for Science, Innovation and Technology (DSIT).

Monthly estimates

These estimates are Official Statistics, used to provide an estimate of the economic contribution of the Digital Sector, in terms of Gross Value Added (GVA), for the period January 2019 to March 2024. This current release contains new figures for January 2024 to March 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:

• Look at relative indicative changes in GVA over time for the Digital Sector and subsectors

You should not use these estimates to:

• Quantify GVA for a specific month
• Measure absolute change in GVA over time
• Determine findings for sectors that are defined using more detailed industrial classes (due to the data sources only being available at broader industry levels)

Data sources and technical information

These findings are calculated based on published Office for National Statistics (ONS) data sources including the Index of Services and Index of Production.

These data sources are available for industrial ‘divisions’, whereas the Digital Sector is defined using more detailed industrial ‘classes’. This represents a significant limitation to this statistical series; the implications of which users should be aware of.

ONS data used in this release only captures trends (i.e. changes over time) for ‘divisions’; with trends for ‘classes’ estimated from their overarching division. Therefore, differing changes in class levels within a division cannot be captured within these estimates. This presents an issue when creating our statistical series as classes wi