Aaron O'Neill
Research lead for society, economy, and politics: Europe & global
Get in touch with us nowIn 2022, agriculture contributed around 0.76 percent to the United Kingdom’s GDP, 16.68 percent came from the manufacturing industry, and 72.17 percent from the services sector.
The UK is not a farmer’s market
The 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.
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Population
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State finances
United Kingdom in international comparison
Brexit
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1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.