Services industry and trade in services in the United Kingdom (UK) are an important contributor to gross domestic product (GDP). According to current economic data, trade in services made up of just over 20 percent of the GDP in the UK. Despite recent declines, this rate displayed a consistent growth over the years, going from just over 10 percent in 1995 to approximately 23.8 percent in 2019.
Trade in services in the United Kingdom (UK) as a percentage of gross domestic product (GDP) from 1995 to 2021
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World Bank. (September 15, 2022). Trade in services in the United Kingdom (UK) as a percentage of gross domestic product (GDP) from 1995 to 2021 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1121318/trade-in-services-as-a-percentage-of-gdp-united-kingdom-uk/
World Bank. "Trade in services in the United Kingdom (UK) as a percentage of gross domestic product (GDP) from 1995 to 2021." Chart. September 15, 2022. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1121318/trade-in-services-as-a-percentage-of-gdp-united-kingdom-uk/
World Bank. (2022). Trade in services in the United Kingdom (UK) as a percentage of gross domestic product (GDP) from 1995 to 2021. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1121318/trade-in-services-as-a-percentage-of-gdp-united-kingdom-uk/
World Bank. "Trade in Services in The United Kingdom (Uk) as a Percentage of Gross Domestic Product (Gdp) from 1995 to 2021." Statista, Statista Inc., 15 Sep 2022, https://www.statista.com/statistics/1121318/trade-in-services-as-a-percentage-of-gdp-united-kingdom-uk/
World Bank, Trade in services in the United Kingdom (UK) as a percentage of gross domestic product (GDP) from 1995 to 2021 Statista, https://www.statista.com/statistics/1121318/trade-in-services-as-a-percentage-of-gdp-united-kingdom-uk/ (last visited December 30, 2024)
Trade in services in the United Kingdom (UK) as a percentage of gross domestic product (GDP) from 1995 to 2021 [Graph], World Bank, September 15, 2022. [Online]. Available: https://www.statista.com/statistics/1121318/trade-in-services-as-a-percentage-of-gdp-united-kingdom-uk/