So we all know that manufacturing is no longer a major industry in the UK, but exactly how much has it declined over the past 20 years? Which industries have contributed most to the country’s economy these days? How does the UK’s economic breakdown compare with that of another nation, say China?
An easy way to look at this is to break down a country’s GDP by industry. You can do this fairly painlessly in a resource such as Euromonitor’s Passport.
- To access Passport’s macroeconomic data, click on GO in the homepage’s ‘Search by Industries, Categories and Topics’ box.
- When the ‘category tree’ appears, click ‘-‘ to close the Industries menu and instead turn to the Economic and Consumer Topics menu.
- Click ‘+’ to view data categories for Economy, Finance and Trade.
- Click ‘+’ at GDP to view sub-categories within and work your way through the menus.
- Click ‘+’ at GDP (Production Approach)
- Click ‘+’ to open the category for Gross Value Added to display sectors and sub-sectors for their contributions towards GDP.
GVA is available on more than one level. If you’ve got this far, you’ll already be familiar with Passport’s menu structure. Drill down as far as you want to go and select options using the appropriate radio buttons.
Select your data items then your geographies via the Passport menus then view your data via the link in the Popular Statistics column.
Various options at the top allow for conversions and edits to data. Download and print options are available at the top right of the screen.
Feature image from Pixabay. Available at: https://pixabay.com/photos/earth-internet-globalisation-2254769/