In 2020, the motor industry in the United Kingdom contributed around 15.3 billion British pounds in added value to the UK economy. The industry's economic contribution peaked in 2016 at some 22 billion British pounds. After years on the rise, the country’s gross domestic product decreased from roughly 2.2 billion British pounds in 2019 to just under two billion British pounds in 2020.
Motor vehicle production enterprises in the United Kingdom
The UK's greatest economic sector in terms of contribution to gross domestic product (GDP) was services. The service industries accounted for more than 70 percent of total GDP in 2020, while manufacturing only accounted for roughly 17 percent.
Motor industry's contribution to the UK economy from 2009 to 2020
(in billion GBP)
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SMMT. (July 1, 2021). Motor industry's contribution to the UK economy from 2009 to 2020 (in billion GBP) [Graph]. In Statista. Retrieved May 27, 2022, from https://www.statista.com/statistics/299342/motor-industry-contribution-to-the-economy-of-the-united-kingdom/
SMMT. "Motor industry's contribution to the UK economy from 2009 to 2020 (in billion GBP)." Chart. July 1, 2021. Statista. Accessed May 27, 2022. https://www.statista.com/statistics/299342/motor-industry-contribution-to-the-economy-of-the-united-kingdom/
SMMT. (2021). Motor industry's contribution to the UK economy from 2009 to 2020 (in billion GBP). Statista. Statista Inc.. Accessed: May 27, 2022. https://www.statista.com/statistics/299342/motor-industry-contribution-to-the-economy-of-the-united-kingdom/
SMMT. "Motor Industry's Contribution to The Uk Economy from 2009 to 2020 (in Billion Gbp)." Statista, Statista Inc., 1 Jul 2021, https://www.statista.com/statistics/299342/motor-industry-contribution-to-the-economy-of-the-united-kingdom/
SMMT, Motor industry's contribution to the UK economy from 2009 to 2020 (in billion GBP) Statista, https://www.statista.com/statistics/299342/motor-industry-contribution-to-the-economy-of-the-united-kingdom/ (last visited May 27, 2022)