Across the UK, industry performance in 2023 runs from the physical economy to financial and technology services. Construction output rose 2.1% to £180 billion, while infrastructure investment reached £70 billion with roads taking 25% and rail 20%. In energy, renewables produced 47% of 350 TWh electricity, alongside continued North Sea oil production.
Key Takeaways
- The UK construction industry output grew 2.1% in 2023 to £180 billion, infrastructure 35% share
- UK housebuilding completions 213,000 dwellings in 2023, down 9% YoY
- In 2023, UK infrastructure investment £70 billion, roads 25%, rail 20%
- The UK energy sector produced 350 TWh electricity in 2023, renewables 47% share
- UK oil production averaged 0.9 million barrels per day in 2023, North Sea 90%
- In 2023, UK gas production was 25 bcm, imports 50% LNG
- In 2023, the UK financial services sector contributed £132.5 billion to GVA, representing 7.3% of total UK GDP
- UK banking assets totaled £9.7 trillion in 2023, with 85% international exposure
- The UK insurance market premiums reached £290 billion in 2022, life insurance 45% share
- In 2023, UK manufacturing output increased by 1.2% compared to 2022, driven by pharmaceuticals and chemicals sub-sectors
- The UK automotive manufacturing sector produced 775,000 vehicles in 2023, a 20% rise from 2022, with electric vehicles comprising 16% of total output
- UK food and drink manufacturing turnover reached £118.6 billion in 2022, employing 468,000 people across 26,000 businesses
- UK tech sector GVA £200 billion in 2023, 10% GDP growth rate
- UK software development employed 500,000 in 2023, exports £30 billion
- In 2023, UK AI sector valued £70 billion, 3,000 firms 100,000 jobs
UK construction rose in 2023 while infrastructure spending surged, as energy, tech, and finance drove new growth.
Related reading
01 · Category
Construction22 stats
01
The UK construction industry output grew 2.1% in 2023 to £180 billion, infrastructure 35% share
02
UK housebuilding completions 213,000 dwellings in 2023, down 9% YoY
03
In 2023, UK infrastructure investment £70 billion, roads 25%, rail 20%
04
UK commercial construction starts £45 billion in 2023, offices 30% decline
05
The UK civil engineering sector employed 200,000 in 2023, productivity £95k per worker
06
In Q4 2023, UK construction PMI 45.6, new orders 44.2 indicating contraction
07
UK modular construction market £12 billion in 2023, 10% of total builds
08
The UK demolition sector removed 15 million tonnes waste in 2023, recycling 95%
09
UK scaffolding market turnover £4.2 billion in 2022, 25,000 firms
10
In 2023, UK public sector construction £55 billion, schools 15%, hospitals 10%
11
UK roofing contracts 120,000 in 2023, value £8.5 billion
12
The UK painting and decorating sector employed 350,000, revenue £15 billion 2023
13
UK concrete production 70 million m3 in 2023, low-carbon 20%
14
In 2022, UK steel fabrication for construction 3.2 million tonnes, £10 billion value
15
UK plumbing installations 1.5 million in 2023, smart systems 25%
16
The UK electrical contracting market £50 billion in 2023, renewables wiring 15%
17
UK glazing installations 20 million m2 in 2023, double-glazed 98%
18
In 2023, UK lift installations 1,200 new, maintenance 800,000 units
19
UK joinery manufacturing for construction £6.8 billion 2023, timber 70%
20
The UK surveying profession 50,000 members in 2023, digital tools 60% adoption
21
UK heritage construction repairs £5 billion in 2023, listed buildings 400,000
22
In 2022, UK flood defence construction 200km new, £2.7 billion spend
Interpretation
Construction Interpretation
In the Construction sector, output rose 2.1% to £180 billion in 2023, but signs of contraction were clear with Q4 2023 construction PMI at 45.6 and housebuilding completions down 9% year over year to 213,000 dwellings.
02 · Category
Energy23 stats
01
The UK energy sector produced 350 TWh electricity in 2023, renewables 47% share
02
UK oil production averaged 0.9 million barrels per day in 2023, North Sea 90%
03
In 2023, UK gas production was 25 bcm, imports 50% LNG
04
UK renewable capacity reached 50 GW in 2023, offshore wind 14 GW
05
The UK nuclear sector generated 42 TWh in 2023, 15% of electricity
06
In 2022, UK energy consumption totaled 150 Mtoe, households 30% share
07
UK hydrogen production target 10 GW electrolysers by 2030, pilots 300 MW 2023
08
The UK CCS market captured 2 MtCO2 in 2023, projects 30 planned
09
UK electricity prices averaged 28p/kWh in 2023, industrial 15p/kWh
10
In 2023, UK heat networks supplied 1% of heat, 500 schemes 300,000 homes
11
UK biofuels consumption 5.5 billion litres in 2023, biodiesel 60%
12
The UK smart meter rollout reached 32 million in 2023, 80% coverage
13
UK energy efficiency investment £6 billion in 2023, homes 25 million improved
14
In 2022, UK power sector emissions 90 MtCO2, down 20% YoY
15
UK battery storage capacity 4 GW in 2023, +100% growth
16
The UK EV charging points 50,000 in 2023, rapid 20%
17
UK district heating 2% of total heat in 2023, biomass 40%
18
In 2023, UK wind generation 80 TWh, capacity factor 32%
19
UK solar PV generated 13 TWh in 2023, rooftop 70%
20
The UK tidal energy pilots produced 20 GWh in 2023
21
UK geothermal output 0.1 TWh in 2023, projects 5 operational
22
In 2022, UK energy imports 40% dependency, Norway gas 30%
23
UK North Sea decommissioning 20 platforms in 2023, cost £1.5 billion
Interpretation
Energy Interpretation
In the UK energy sector, renewables accounted for 47% of the 350 TWh electricity generated in 2023 while nuclear added 42 TWh and total energy consumption reached 150 Mtoe in 2022, showing a clear shift toward cleaner generation alongside continued overall demand.
03 · Category
Financial Services26 stats
01
In 2023, the UK financial services sector contributed £132.5 billion to GVA, representing 7.3% of total UK GDP
02
UK banking assets totaled £9.7 trillion in 2023, with 85% international exposure
03
The UK insurance market premiums reached £290 billion in 2022, life insurance 45% share
04
UK asset management industry managed £10.4 trillion AUM in 2023, 25% growth since 2018
05
In 2023, UK fintech sector raised £12.2 billion in funding, 1,700+ firms employing 160,000
06
UK pension funds held £2.1 trillion assets in 2022, with 55% in equities
07
The City of London financial district employed 550,000 people in 2023, generating £100 billion GVA
08
UK wholesale financial markets turnover £1.2 quadrillion in 2023, FX 45% share
09
In 2022, UK reinsurance premiums were £45 billion, global market share 8%
10
UK equity markets listed 2,100 companies in 2023, market cap £3.2 trillion
11
The UK payments industry processed £120 trillion in 2023, digital payments 95%
12
UK wealth management AUM £1.8 trillion in 2023, HNWIs 1.2 million clients
13
In 2023, UK derivatives trading volume reached 15 billion contracts, clearing 98% CCP
14
UK fund management employed 38,000 in 2022, average salary £120,000
15
The UK mortgage market issued £285 billion in 2023, average rate 5.2%
16
UK crowdfunding platforms raised £2.4 billion in 2023, equity 60% share
17
In 2022, UK leasing and factoring turnover £150 billion, SMEs 70% clients
18
UK investment banking fees £8.5 billion in 2023, M&A 40% share
19
The UK savings market held £1.9 trillion deposits in 2023, ISAs £600 billion
20
UK peer-to-peer lending volume £1.2 billion in 2023, default rate 2.1%
21
In 2023, UK financial advice sector served 12 million clients, revenue £7 billion
22
UK captive insurance market premiums £25 billion in 2022, 90% offshore
23
The UK green finance market issued £150 billion bonds in 2023, sukuk 5%
24
UK venture capital investment £20 billion in 2023, tech 55% allocation
25
In 2022, UK consumer credit outstanding £80 billion, credit cards 40%
26
UK stockbroking handled 500 million trades in 2023, retail 25% volume
Interpretation
Financial Services Interpretation
For the UK financial services sector, the scale and momentum are striking, with financial services contributing £132.5 billion to GVA in 2023 and UK asset management growing to £10.4 trillion AUM by 2023, a 25% rise since 2018.
More related reading
04 · Category
Manufacturing30 stats
01
In 2023, UK manufacturing output increased by 1.2% compared to 2022, driven by pharmaceuticals and chemicals sub-sectors
02
The UK automotive manufacturing sector produced 775,000 vehicles in 2023, a 20% rise from 2022, with electric vehicles comprising 16% of total output
03
UK food and drink manufacturing turnover reached £118.6 billion in 2022, employing 468,000 people across 26,000 businesses
04
In Q3 2023, UK manufacturing PMI stood at 51.3, indicating modest expansion led by new orders growth of 53.2 index points
05
UK steel production totaled 5.6 million tonnes in 2023, down 7% from 2022, with 76% from electric arc furnaces
06
The UK aerospace sector generated £26.4 billion in turnover in 2022, with exports accounting for 75% of sales
07
UK pharmaceutical manufacturing output grew by 4.5% in 2023 to £17.8 billion, supported by R&D investment of £5.2 billion
08
In 2022, UK machinery manufacturing contributed £38 billion to GVA, employing 250,000 workers with productivity of £152,000 per employee
09
UK textile manufacturing output fell 2.1% in 2023, with 1,200 firms producing £6.5 billion in goods
10
The UK electronics manufacturing sector exported £12.3 billion worth of goods in 2023, representing 15% of total manufacturing exports
11
UK plastics manufacturing produced 4.2 million tonnes in 2022, with 60% recycled content mandated by new regulations
12
In 2023, UK furniture manufacturing turnover was £11.4 billion, down 3% YoY, employing 22,000 in 5,000 SMEs
13
UK chemical manufacturing GVA reached £25.1 billion in 2022, with 85% export-oriented production
14
The UK paper and packaging sector manufactured 4.1 million tonnes of paper in 2023, recycling rate at 87%
15
UK metal fabrication output grew 2.8% in Q4 2023 to £15.7 billion annually, driven by construction demand
16
In 2022, UK tobacco manufacturing revenue was £14.2 billion, but employment dropped to 6,500 workers
17
UK rubber products manufacturing produced 450,000 tonnes in 2023, with automotive applications at 40%
18
The UK glass manufacturing sector output was 2.8 million tonnes in 2022, 70% for packaging
19
UK jewellery manufacturing turnover £5.6 billion in 2023, exports to EU down 5%
20
In Q1 2024, UK manufacturing investment reached £12.4 billion, up 8% YoY, per capita £183k
21
UK watch and clock manufacturing employed 1,200 in 2023, output £450 million
22
The UK leather manufacturing sector produced 15,000 tonnes in 2022, 90% luxury goods
23
UK sports goods manufacturing turnover £2.1 billion in 2023, growth 4.2%
24
In 2023, UK toy manufacturing output was £800 million, 65% imported components
25
UK musical instrument manufacturing generated £350 million in 2022, exports 55%
26
The UK printing sector printed 1.2 billion books in 2023, revenue £4.5 billion
27
UK ceramics manufacturing output 120,000 tonnes tiles in 2023, value £650 million
28
In 2022, UK shipbuilding delivered 5 vessels, total tonnage 45,000 GT
29
UK bicycle manufacturing produced 1.2 million units in 2023, e-bikes 40%
30
The UK medical equipment manufacturing sector turnover £12.8 billion in 2023, R&D 8% of sales
Interpretation
Manufacturing Interpretation
UK manufacturing showed a modest but clear recovery in 2023, with output up 1.2% year on year and the manufacturing PMI at 51.3 in Q3, supported by strong new orders growth of 53.2 index points and leading sub sectors like pharmaceuticals and chemicals.
05 · Category
Technology20 stats
01
UK tech sector GVA £200 billion in 2023, 10% GDP growth rate
02
UK software development employed 500,000 in 2023, exports £30 billion
03
In 2023, UK AI sector valued £70 billion, 3,000 firms 100,000 jobs
04
UK cybersecurity market £10.5 billion in 2023, growth 12%
05
The UK digital health tech raised £2 billion VC in 2023, 800 startups
06
UK cloud computing spend £45 billion in 2023, AWS 35% share
07
In 2023, UK 5G connections 25 million, coverage 85% population
08
UK semiconductor design output £5 billion in 2023, fabs 2 operational
09
The UK gaming industry revenue £7.2 billion in 2023, 2,200 studios
10
UK blockchain firms 500 in 2023, DLT investment £1.5 billion
11
In 2022, UK IoT devices 1 billion connected, enterprise 60%
12
UK robotics market £1.2 billion in 2023, manufacturing 40%
13
The UK quantum computing sector £1 billion investment 2023, 100+ orgs
14
UK data centres capacity 2 GW in 2023, hyperscale 70%
15
In 2023, UK edtech market £4 billion, exports 50%
16
UK AR/VR market £1.8 billion in 2023, enterprise 55%
17
The UK agritech sector 2,500 firms in 2023, funding £800 million
18
UK fintech apps 10 million users in 2023, open banking 5 billion APIs
19
In 2023, UK satellite tech exports £6 billion, EO data 40%
20
UK cleantech innovation patents 5,000 filed 2023, batteries 25%
Interpretation
Technology Interpretation
Driven by rapid momentum across core capabilities, the UK technology sector reached £200 billion GVA in 2023 while AI stood at £70 billion across 3,000 firms and the cybersecurity market grew 12%, signaling tech is becoming a bigger share of national growth.
Reference
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APA
Karl Becker. (2026, February 13). Uk Industry Statistics. Gitnux. https://gitnux.org/uk-industry-statistics
MLA
Karl Becker. "Uk Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/uk-industry-statistics.
Chicago
Karl Becker. 2026. "Uk Industry Statistics." Gitnux. https://gitnux.org/uk-industry-statistics.
Sources & references
88 datasets cited across this report · attribution is report-level