The UK's GDP composition in 2023 highlighted the dominance of the services sector, constituting 54.72% of the total. Mining, manufacturing, and utilities accounted for 13.99%, followed closely by wholesale, retail trade, restaurants, and hotels at 13.89%. The transport, storage, and communication sector contributed 10.62%, while construction made up 6.19%. Agriculture, hunting, forestry, and fishing represent a small portion at 0.6%. Year-on-year variations showed stability in services, slight growth in mining, and notable increases in transport and construction. Over the last five years, the CAGR indicated moderate growth across most sectors, except for agriculture, which remained largely stagnant.
Future trends to watch include the potential expansion of the technology within the services sector, ongoing shifts towards green energy in manufacturing, and evolving consumer behaviors impacting retail and hospitality. Additionally, infrastructure developments may further boost the construction sector, while digital transformations could enhance the efficiency and capacity of transport and communication industries.
Top countries in UK GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 54.72 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 13.99 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 13.89 | 2016 | |
| 4 | 4 Transport, storage and communication | 10.62 | 2016 | |
| 5 | 5 Construction | 6.19 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 0.6 | 2016 |
