In 2017, the approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,259.9 billion; this was an increase of 5.6% (£66.7 billion) compared with 2016.
The estimate of aGVA represents the income (turnover) of UK businesses, less the cost of goods and services consumed in the production process (purchases); all four of the main sectors of the non-financial business economy (production, construction, distribution and non-financial services) continued to show growth in 2017.
The non-financial services sector, which accounted for over half (56.7%) of total aGVA in 2017, saw an increase of 6.8% (£45.3 billion); professional, scientific and technical services provided the highest levels of aGVA within this sector, increasing by £12.0 billion in 2017.
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.