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 2018, the approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,285.5 billion; this was an increase of £59.6 billion (4.9%) compared with 2017.
The estimate of aGVA represents the income (turnover) of UK businesses, less the cost of goods and services purchased by businesses; all of the sectors of the non-financial business economy (production, construction, distribution, non-financial services and part agriculture) continued to show growth in 2018.
The non-financial services sector, which accounted for over half (57.3%) of total aGVA in 2018, increased by £41.2 billion (5.9%) compared with 2017; information and communication provided the largest increase in aGVA within this sector, increasing by £9.6 billion (7.7%).
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.