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Band 7+: 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 illustrates the contribution of the IT and service industries to the United Kingdom’s GDP between 1992 and 2000.

Overall, both sectors showed considerable growth as a percentage of GDP, but the IT sector remained at a higher ratio throughout the period.

At the beginning of the period in 1992, the service industry accounted for 4% of GDP, while the IT sector was slightly higher at just over 6%. By 1994, the service industry had risen moderately by about 1.5%, whereas the IT sector increased significantly to 8%. Over the next two years, both sectors continued to grow steadily, increasing by around 1% each year, although the IT sector dropped slightly from 1994 to 1996.

After that, the IT sector rose rapidly to 12% of GDP, while the service industry increased by just 1%. The IT sector continued to grow quickly and reached 15% in 2000, while the service industry stayed nearly the same, increasing to only 8%. By the end of the period, the percentage of GDP from IT was almost twice that of the service industry.

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

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