total UK economic output for the first time in 2002, according to a
report* today from the Office for National Statistics.
cent, and the creative sector contributed about half that again, at
8.7 per cent of total output.
Total output of the whole economy, as measured using gross value
added (GVA), was£926.3 billion in 2002.
The report, the 2004 Edition of United Kingdom Input-Output Analyses,
shows how ONS tracks the movement of goods and services through the
economy as part of the process of balancing the components of the
The analyses are also used by businesses to identify markets for
their products and by economists to construct models of the economy.
As the analyses go back to 1992 they can track the impact on the
economy of changing trends, structures and new technologies.
For example, the analyses show that computer and related services was
the fastest growing industry over the ten-year period. They also show
how cultural changes in food consumption have put the hotels,
catering and pubs industry among the top ten industries for output
growth over the decade.
*United Kingdom Input-Output Analyses, 2004 Edition.
ISSN 1741-7155. Available as a web-only publication on
The report details the 1992-2002 Input-Output Annual Supply and Use
Tables underpinning UK Gross Domestic Product (GDP). Areas analysed
* The whole economy at a glance
* Export shares of goods and services
* Penetration of imports of goods and services
* Net trade in goods and services
* Information and communication technologies
* The creative sector
* The food sector
* The contribution of the top five businesses to each industry, 2002
* Taxes and subsidies recorded within the production bounda ry
* The oil and gas sector
The tables contain details of the components of GDP for the UK as
measured using the production, income and expenditure approaches.
They provide various details linking industries' inputs and outputs;
supply and demand for products; composition of GVA at current basic
prices; and the composition of uses and resources across
In 2002, the output of the UK economy, as measured by GVA at current
basic prices, which is before allowing for price inflation, was
£926.3 billion, 5.1 per cent higher than in 2001.
In all years from 1992 to 2002, the business and financial services
sector provided the largest contribution to GVA. In 2002, this
industry group accounted for£282.4 billion out of£926.3 billion
(30.5 per cent of the total), and the industry group itself grew over
11.7 per cent between 2001 and 2002, a faster rate than that of
growth in total GVA of only 5.1 per cent. Whereas in 1992, this
industry group accounted for£131.1 billion out of£546.1 billion
(24.0 per cent of the total).
The manufacturing sector contributed£147.5 billion in 2002, 2.5 per
cent down on 2001, and compared with£115.9 billion in 1992.
Wholesale and retail trades contributed£146.5 billion, growing by
4.8 per cent over 2001, and compared with£79.6 billion in 1992.
Manufacturing industries' contribution to whole economy GVA passed a
key milestone in 1999 by falling below 20 per cent for the first
time, and in 2002 the contribution of the manufacturing industries
stood at only 15.9 per cent. Similarly, the agriculture industries'
contribution in 2001 fell below 1.0 per cent for the first time,
whereas the contribution of the business and financial services
passed 30 per cent in 2002 for the first time.
Information and communication technologies (ICT)
Throughout the 1990s, the rapid growth in both pro duction and
investment in ICT was an important contributor to UK productivity and
economic growth. In addition, ICT investment has added to the UK
capital stock and capital services, which will continue to influence
the UK economy in the future.
In 2002, the contribution of ICT to whole economy GVA at current
basic prices accounted for£61.8 billion out of the£926.3 billion
total. This was 6.7 per cent of the total. GVA for the ICT sector
grew by 104.0 per cent between 1992 and 2002 compared with whole
economy growth of only 69.6 per cent over the same period.
In 2002, the creative sector - which includes film, arts, publishing,
advertising and software production - accounted for GVA of£80.9
billion out of a total of£926.3 billion (8.7 per cent of the total).
GVA for the creative sector grew by 93.2 per cent between 1992 and
2002 compared with the growth of GVA for the whole economy of only
69.6 per cent over the same period.
Cultural changes in food consumption over the past decade, with
people eating out more regularly and enjoying a much broader range of
dishes, have had an impact on the UK economy. Growth in the
agriculture and food processing industries is failing to keep pace
with that of the whole economy, while the hotels, catering and pubs
industry was among the top ten industries for growth between 1992 and
Household spending on all food sector products stood at£160.3
billion in 2002, up 61.5 per cent between 1992 and 2002. By
comparison, spending on catering products consumed outside the home
grew by 85.0 per cent. In 2002, the contribution of the food sector
to whole economy GVA accounted for£74.0 billion out of a total of
£926.3 billion (8.0 per cent of the total). GVA for the food sector
grew by only 27.3 per cent between 1995 and 2002 compared with the
growth of GVA for the whole economy of 44.9 per cent ove r the same
Oil and gas sector
In 2002, the contribution of the oil and gas sector to whole economy
GVA at current basic prices accounted for£27.7 billion out of a
total of£926.3 billion (3.0 per cent of the total). GVA for the oil
and gas sector grew by 61.5 per cent between 1992 and 2002, compared
with the growth of GVA for the whole economy of 69.6 per cent over
the same period. The profile of profits and GVA for this industry
correlates well with the price of crude oil.
Outputs from this sector impact on the production of most goods and
services. Clearly, they are inputs for fuel and heating production
but what today's analyses show is their vital role in producing
plastics, paints, cleaning products, clothing, furniture,
pharmaceuticals, synthetic rubber, electricity generation and many
more products essential to the economy.
Contribution of top five businesses to each industry, 2002 This
analysis shows for each industry the top five businesses' total
output and GVA at current basic prices as a percentage of the
industry's total output and GVA at current basic prices.
In the UK, a few very large businesses dominate industries like gas,
sugar, cement, tobacco, air transport and banking and finance.
Fastest growing industries
The ten fastest growing industry groups over the period 1992 to 2002,
weighted in terms of percentage and value change in monetary terms,
are as follows:
1 Computer and related services
2 Other business services
3 Insurance and pension funds
4 Recreational and sporting activities
5 Letting of dwellings
6 Owning and dealing in real estate
7 Oil and gas extraction
8 Hotels, catering, pubs etc
9 Market research, management consultancy etc
10 Legal activities
1. United Kingdom Input-Output Analyses, 2004 Edition. ISSN
1741-7155. Available as a web-only publication on
2. The United Kingdom Input-Output
Analyses is one of three ONS annual National Accounts publications
published on 20 August 2004. All three products are consistent with
the data published on 30 June 2004 in the Quarterly National Accounts
release and the electronic data released on 23 July 2004. The three
* United Kingdom National Accounts - The Blue Book (available in hard
copy & electronic form)
* United Kingdom Balance of Payments - The Pink Book (available in
hard copy & electronic form)
* United Kingdom Input-Output Analyses, 2004 Edition (available in
electronic form only)
3. GVA is a measure of the output of the economy. GDP differs from
GVA in that GDP includes taxes on products and excludes subsidies on
products. 4. Details of the policy governing the release of new data
are available from the ONS press office.