United Kingdom (UK): scientific research & development production value 2018

The production value of the scientific research and development industry in the United Kingdom decreased to 34.9 billion euros since the previous year. Nevertheless, the last two years in this industry recorded a significant higher production value than the preceding years.
The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalized production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.

Find more statistics on the scientific research and development industry in the United Kingdom with key insights such as turnover and personnel costs.

Annual production value of the scientific research and development industry in the United Kingdom from 2009 to 2018 (in million euros)

Characteristic	Annual production value in million euros
2018	34,903.8
2017	47,352.3
2016b	43,381.5
2015	26,754.3
2014	21,376.7
2013	20,832.1
2012	21,599.4
2011	21,552.9
2010	21,790.6
2009	16,195.9

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Release date

March 2024

More information

Region

United Kingdom

Survey time period

2009 to 2018

Supplementary notes

b: Break in time series.
The source adds the following information: Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.
Data coverage corresponds to code M72 of CE Rev 2.

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