In 2017, London accounted for approximately 50 percent of the United Kingdom's (UK) financial services total gross value added (GVA) of 129.1 billion British pounds. The UK's finance and insurance industry has seen an overall growth in GVA since the financial crash in 2009, yet the UK economy's dependence on the sector has declined in recent years with its overall share of total economic output falling.
Financial services gross value added (GVA) to the United kingdoms (UK) economy in 2016 and 2017, by region
(in billion GBP)
Characteristic
2016
2017
London
58.2
63.8
South East
10.6
12.1
Scotland
8.1
9.2
North West
7.9
8.8
South West
6.4
7.2
The Humber
5.5
6.3
West Midlands
5.5
5.8
East of England
5
6.2
Wales
2.6
2.8
East Midlands
2.5
2.8
North East
1.9
2.3
Northern Ireland
1.2
1.7
Created with Highcharts 7.2.2Gross value added in billion GBP20162017LondonSouth EastScotlandNorth WestSouth WestThe HumberWest MidlandsEast of EnglandWalesEast MidlandsNorth EastNorthern Ireland
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House of Commons. (July 31, 2019). Financial services gross value added (GVA) to the United kingdoms (UK) economy in 2016 and 2017, by region (in billion GBP) [Graph]. In Statista. Retrieved January 20, 2025, from https://www.statista.com/statistics/871575/uk-financial-sector-gross-value-added-by-region/
House of Commons. "Financial services gross value added (GVA) to the United kingdoms (UK) economy in 2016 and 2017, by region (in billion GBP)." Chart. July 31, 2019. Statista. Accessed January 20, 2025. https://www.statista.com/statistics/871575/uk-financial-sector-gross-value-added-by-region/
House of Commons. (2019). Financial services gross value added (GVA) to the United kingdoms (UK) economy in 2016 and 2017, by region (in billion GBP). Statista. Statista Inc.. Accessed: January 20, 2025. https://www.statista.com/statistics/871575/uk-financial-sector-gross-value-added-by-region/
House of Commons. "Financial Services Gross Value Added (Gva) to The United Kingdoms (Uk) Economy in 2016 and 2017, by Region (in Billion Gbp)." Statista, Statista Inc., 31 Jul 2019, https://www.statista.com/statistics/871575/uk-financial-sector-gross-value-added-by-region/
House of Commons, Financial services gross value added (GVA) to the United kingdoms (UK) economy in 2016 and 2017, by region (in billion GBP) Statista, https://www.statista.com/statistics/871575/uk-financial-sector-gross-value-added-by-region/ (last visited January 20, 2025)
Financial services gross value added (GVA) to the United kingdoms (UK) economy in 2016 and 2017, by region (in billion GBP) [Graph], House of Commons, July 31, 2019. [Online]. Available: https://www.statista.com/statistics/871575/uk-financial-sector-gross-value-added-by-region/
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