Components of GDP in the UK

Sample report

The bar chart shows the contribution of IT and Service Industry to the gross domestic product of the UK during the period between 1992 and 2000. Overall, it can be seen that throughout the given period the IT sector contributed more than the service sector. In 1992, while the IT industry contributed a little more than 6% to the GDP, the contribution of service industry was 4%. By 1994, both sectors had increased their contribution by about 2%. Over the next two years, the contribution of the IT industry dropped a little whereas that of the service industry grew a bit. By 1998, the IT industry had grown quite a bit and contributed 12% to the GDP. During the same period there was not much increase in the contribution of the service sector. In 2000, about 15% of the UK GDP was contributed by the IT sector. The contribution of the service sector was 8%. Overall, it can be seen that the IT sector grew tremendously over the years and contributed twice as much as the service sector in 2000.

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