In 2018, the United Kingdom motor industry contributed 18.6 billion British pounds to the economy. It was the second year in a row that industry revenue declined, with 2016 being the peak year when contributions amounted to 22 billion British pounds.
The country’s gross domestic product stood at 2.11 trillion British pounds in 2018.
Enterprises in the UK
The UK was home to 3,255 enterprises working in motor vehicle, trailer and semi-trailer manufacturing. However, of these only a little over ten percent had an annual turnover exceeding five million British pounds. The number of these profitable companies grew between 2013 and 2018.
Largest economic sectors
The greatest economic sector in terms of contribution to GDP was services. Service industries accounted for 70.56 percent of total GDP in 2017, while manufacturing only accounted for 17.93 percent. This marked a decline of roughly 1.4 percent for manufacturing compared to ten years prior.
Contributions of the motor industry to the UK economy from 2009 to 2018
(in billion GBP)
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Statistics on "Automotive industry in the United Kingdom"
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Parliament of the United Kingdom, & SMMT. (May 1, 2019). Contributions of the motor industry to the UK economy from 2009 to 2018 (in billion GBP) [Graph]. In Statista. Retrieved February 24, 2020, from https://www.statista.com/statistics/299342/motor-industry-contribution-to-the-economy-of-the-united-kingdom/
Parliament of the United Kingdom, und SMMT. "Contributions of the motor industry to the UK economy from 2009 to 2018 (in billion GBP)." Chart. May 1, 2019. Statista. Accessed February 24, 2020. https://www.statista.com/statistics/299342/motor-industry-contribution-to-the-economy-of-the-united-kingdom/
Parliament of the United Kingdom, SMMT. (2019). Contributions of the motor industry to the UK economy from 2009 to 2018 (in billion GBP). Statista. Statista Inc.. Accessed: February 24, 2020. https://www.statista.com/statistics/299342/motor-industry-contribution-to-the-economy-of-the-united-kingdom/
Parliament of the United Kingdom, and SMMT. "Contributions of The Motor Industry to The Uk Economy from 2009 to 2018 (in Billion Gbp)." Statista, Statista Inc., 1 May 2019, https://www.statista.com/statistics/299342/motor-industry-contribution-to-the-economy-of-the-united-kingdom/
Parliament of the United Kingdom & SMMT, Contributions of the motor industry to the UK economy from 2009 to 2018 (in billion GBP) Statista, https://www.statista.com/statistics/299342/motor-industry-contribution-to-the-economy-of-the-united-kingdom/ (last visited February 24, 2020)
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