Non-financial business economy, UK (Annual Business Survey): 2024 results

• The approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,725.2 billion in 2024; this is an increase of £62.4 billion (3.7%) compared with the revised 2023 results.

• The non-financial services sector, which accounted for over half (59.2%) of total aGVA in 2024, increased by £57.8 billion (6.0%), to £1,021.6 billion; administrative and support service activities saw the largest increase in aGVA, of £13.4 billion (8.6%), increasing from £156.1 billion to £169.5 billion.

• Total turnover and purchases of the UK non-financial business economy were estimated to be £5,089.0 billion and £3,346.7 billion in 2024, respectively; this is an increase of £41.7 billion (0.8%) and a decrease of £29.4 billion (negative 0.9%) compared with 2023.

The final Annual Business Survey (ABS) results for 2024 included 69.90% of sampled businesses. Quality measures for the ABS results are available in our Non-financial business economy, UK: quality measures dataset.

Employment data

The employment data have been removed from this publication. These data can be found in our Employees in Great Britain: 2023 bulletin. This bulletin includes data from the Business Register and Employment Survey (BRES), downloaded from the Nomis web portal.

Data sources and collection

The ABS is a sample survey of approximately 73,000 businesses across the UK. The ABS draws its sample from the Inter-Departmental Business Register (IDBR).

Quality and methodology

More quality and methodology information on strengths, limitations, appropriate uses, and how the data were created is available in our ABS quality and methodology information (QMI) report and in our ABS technical report.

Accessibility of Annual Business Survey output datasets

We have reviewed the accessibility of datasets legislation and updated all datasets in this release. Feedback or questions on the new layout can be emailed to ABAPS@ons.gov.uk.