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Band 6+: GDP from IT and service industry of the uk from year1992 to 2000

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The image contains two bar charts; the first shows the Gross Domestic Product from IT and Service Industry of the UK as a percentage of GDP from 1992 to 2000, with IT Industry increasing from 2% in 1992 to 6% in 2000 and Service Industry increasing from 10% in 1992 to 16% in 2000. The second chart is not visible.
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The bar chart compares the percentages of gross domestic product from two industries in the UK over a period of 8 years.

It is clear that the highest differences in GDP from the IT and service industries are in 1998 and 2000, however, the percentages of GDP from these two domains were approximately at the same level in 1992-1996. Both IT and service sectors reached their peak in 2000.

Both industries saw a rise approximately 2% from 1992 to 1994, showing an increase from 6% to 8% for IT, a growth from 4% to 6% for Service. As a result, the distinction in percentages between these spheres remained at the same level, 2%, in 1992 and 1994. However, the gap between IT and service fell to roughly 1%, consequently, IT sector had a marginal decrease and stood at less than 8%, and service sector was at 7% in 1996.

Two years later, IT industry surged significantly up to 14%, while Service industry had a slight increase and reached just below 8%, and the difference between these two was more than 4% in 1998. In 2000, IT was tremendously higher than Service more than 6%, so it accounted well over 14% of GDP. Service industry saw minimal change and stood just above 8% in the same year.

Word Count: 216

Answers On The Same Topic:

GDP from IT and service industry of the uk from year1992 to 2000

The bar chart illustrates the percentage contribution of the IT industry and the service industry to the Gross Domestic Product (GDP) of the United Kingdom between 1992 and 2000. Overall, both industries showed growth during the period, but the IT industry increased more rapidly and eventually overtook the service industry by the year 2000. In […]

GDP from IT and service industry of the uk from year1992 to 2000

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GDP from IT and service industry of the uk from year1992 to 2000

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GDP from IT and service industry of the uk from year1992 to 2000

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