The bar chart illustrates the contribution of the IT and service industries to the UK’s Gross Domestic Product (GDP) between 1992 and 2000.
Overall, both industries experienced an upward trend, with the IT sector consistently contributing a larger share than the service industry.
In 1992, the IT industry accounted for approximately 6% of GDP. This figure rose steadily to about 8% in 1994 and then continued increasing significantly, reaching around 12% in 1996. By 2000, the IT industry peaked at nearly 15%, more than double its initial value.
Similarly, the service industry also showed growth, although at a slower rate.
It began at 4% in 1992 and gradually rose to just over 6% by 1996.By 2000, it reached 8%, remaining consistently lower than the IT industry throughout the period.