Industry Sector Contribution to GDP in United Kingdom (1990-2022)

Industry Sector Contribution to GDP in United Kingdom (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in United Kingdom (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: UK
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
The UK's industry sector contribution has consistently declined from 27.4% in 1990 to 16.7% by 2022, reflecting the economy's shift towards services. Key dips occurred post-2008, with the financial crisis impacting manufacturing and accelerating a pivot toward finance, technology, and professional services. The drop was also influenced by deindustrialization trends in the 1990s, while recent stability around 16-18% highlights a rebalancing as the UK invests in advanced manufacturing and green energy. The sector's role remains limited but steady, aligned with the UK’s strategic focus on service-driven growth.

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