In the UK, manufacturing's GDP share began at 16.5% in 1990 but saw a steady decline through the 1990s, impacted by a focus on services, particularly finance. The 2008 financial crisis further reduced the share, falling below 10% by 2009. Subsequent years saw a minor recovery, but the sector continued to shrink, with manufacturing representing just 8.4% of GDP by 2022. Factors include increased labor costs, global competition, and a strong shift to the service sector, though recent government initiatives aim to support high-tech manufacturing.
Discover additional trends and data on United Kingdom’s export value, UK’s life span metric, United Kingdom’s agriculture share in GDP.
