Motor industry economic contribution in the United Kingdom 2009-2023
In 2023, the motor industry in the United Kingdom contributed around 22 billion British pounds in added value to the UK economy. The industry's economic contribution peaked in 2016 at some 22 billion British pounds. After years on the rise, the country’s gross domestic product decreased from just under 2.3 trillion British pounds in 2019 to just above two billion British pounds in 2020. By 2023, the UK's GDP had bounced back to some 2.5 billion British pounds.
Motor vehicle production enterprises in the United Kingdom
The UK was home to approximately 3,600 enterprises in motor vehicle, trailer and semi-trailer manufacturing, one of the highest number among all European countries. However, of these, only around 11 percent had an annual turnover exceeding five million British pounds.
Declining role of the industrial sector
The UK's greatest economic sector in terms of contribution to gross domestic product (GDP) was services. The service industries accounted for approximately 72 percent of total GDP in 2022, while industry only accounted for roughly 17 percent.
