Size and growth of the UK non-financial business economy as measured by the Annual Business Survey (ABS), and the value of e-commerce and the adoption and use of information and communication technologies (ICTs) by UK businesses.
In October 2023, 67% of trading businesses with 10 or more employees reported that they were able to get the materials, goods or services they needed from within the UK; while more than 1 in 8 (13%) were either unable to get the materials, goods or services they needed from within the UK, or had to change suppliers or find alternative solutions to do so.
In October 2023, 5% of businesses with 10 or more employees experienced global supply chain disruption, broadly stable with September 2023 and the lowest proportion reported since the question was introduced in late December 2021.
In late November 2023, 18% of businesses reported that they were using, or intending to use, increased homeworking as a permanent business model, with improved staff well-being reported as the main reason for doing so, at 56%.
In 2021, approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,368.1 billion; an increase of £174.1 billion (14.6%) compared with 2020.
The non-financial services sector, which accounted for over half (55.6%) of total aGVA in 2021, increased by £87.4 billion (13.0%) to £760.9 billion; professional, scientific and technical activities saw the largest increase in aGVA of £20.3 billion (11.6%), increasing from £175.0 billion to £195.3 billion.
Total turnover and purchases of the UK non-financial business economy were estimated to be £4,105.9 billion and £2,728.7 billion respectively; an increase of £511.4 billion (14.2%) and £351.2 billion (14.8%) compared with 2020.
The indicators and analysis presented in this article are based on selected responses over time from the new voluntary fortnightly business survey, which captures businesses responses on how their turnover, workforce, prices, trade and business resilience have been affected in the two week reference period. This data relates to the period 23 March 2020 to 17 May 2020 (Wave 2 to Wave 5).
Annual data on business turnover, approximate gross value added (aGVA), purchases and employment costs, from the Annual Business Survey. Two-digit Standard Industrial Classification 2007 group by region or country.
Annual estimates of the number of foreign-owned businesses, turnover and approximate gross value added (aGVA) in the UK non-financial business economy for 2021 and revised estimates for 2020, from the Annual Business Survey (ABS).