This statistic shows the United Kingdom (UK) financial and insurance industries gross value added (GVA) as a share of the UK's total economic output. It can be seen that in the years running up to the global financial crisis the United Kingdoms finance and insurance industry became a major factor of its economic gross value added output. in 2009 (one year post financial crisis) the UK's finance and insurance industry accounted for nine percent of its GVA. Since then there has been a steady decrease amounting to 6.9 percent as of 2018. In 2017, London accounted for almost half of financial sectors GVA.
Finance and Insurance sector gross value added (GVA) as a percentage of the United Kingdom (UK) total economic output from 1990 to 2018
Characteristic
Share of total economic output
2018
6.9%
2017
7.1%
2016
7.3%
2015
7%
2014
7.7%
2013
7.8%
2012
7.8%
2011
8.1%
2010
8.3%
2009
9.2%
2008
7.7%
2007
8.6%
2006
7.7%
Created with Highcharts 7.2.2Share of total economic output5.5%5.5%5.5%5.5%5.5%5.5%6.2%6.2%5.9%5.9%6.2%6.2%6%6%5.9%5.9%5.7%5.7%5.3%5.3%5.1%5.1%5.1%5.1%5.3%5.3%5.8%5.8%6.6%6.6%7.5%7.5%7.7%7.7%8.6%8.6%7.7%7.7%9.2%9.2%8.3%8.3%8.1%8.1%7.8%7.8%7.8%7.8%7.7%7.7%7%7%7.3%7.3%7.1%7.1%6.9%6.9%19901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018
0%2%4%6%8%10%12%
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House of Commons. (July 31, 2019). Finance and Insurance sector gross value added (GVA) as a percentage of the United Kingdom (UK) total economic output from 1990 to 2018 [Graph]. In Statista. Retrieved February 18, 2025, from https://www.statista.com/statistics/871556/uk-financial-sector-gross-value-added-share-of-total-economy/
House of Commons. "Finance and Insurance sector gross value added (GVA) as a percentage of the United Kingdom (UK) total economic output from 1990 to 2018." Chart. July 31, 2019. Statista. Accessed February 18, 2025. https://www.statista.com/statistics/871556/uk-financial-sector-gross-value-added-share-of-total-economy/
House of Commons. (2019). Finance and Insurance sector gross value added (GVA) as a percentage of the United Kingdom (UK) total economic output from 1990 to 2018. Statista. Statista Inc.. Accessed: February 18, 2025. https://www.statista.com/statistics/871556/uk-financial-sector-gross-value-added-share-of-total-economy/
House of Commons. "Finance and Insurance Sector Gross Value Added (Gva) as a Percentage of The United Kingdom (Uk) Total Economic Output from 1990 to 2018." Statista, Statista Inc., 31 Jul 2019, https://www.statista.com/statistics/871556/uk-financial-sector-gross-value-added-share-of-total-economy/
House of Commons, Finance and Insurance sector gross value added (GVA) as a percentage of the United Kingdom (UK) total economic output from 1990 to 2018 Statista, https://www.statista.com/statistics/871556/uk-financial-sector-gross-value-added-share-of-total-economy/ (last visited February 18, 2025)
Finance and Insurance sector gross value added (GVA) as a percentage of the United Kingdom (UK) total economic output from 1990 to 2018 [Graph], House of Commons, July 31, 2019. [Online]. Available: https://www.statista.com/statistics/871556/uk-financial-sector-gross-value-added-share-of-total-economy/
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