The provided bar chart illustrates the GDP of two different industries, namely IT and Service industries in UK over 8 years from 1992 to 2000.
Overall, both IT and Service industries experienced an increase in GDP over the given years. While the GDP of IT industry saw a significant growth and remained higher than the GDP of the Service industry, the GDP of Service industry showed more moderate increases throughout the given time.
In 1992, IT industry’s GDP was approximately 6%. Over the next 2 years, it increased from 6% to 8%, and remained off until 1996. Although in 1996 the GDP was roughly 8%, in 1998 there was a dramatic increase from 8% to 12%. By the 2000, the GDP of IT peaked at approximately 15%.
Furthermore, while the GDP of Service industry was at its lowest point of 4% in 1992, in 1994 there was a modest increase in the GDP to approximately 6%. Over the subsequent 6 years there was a slight increase in the GDP from 1994 to 2000 and the GDP reached its highest point of 8% in 2000.