The bar chart illustrates the United Kingdom’s GDP elements between 1992 and 2000.
Overall, it is clear that the percentage of the IT industry and service industry is increasing over the period. While the rate of the service business shows an upward tendency, it is the lowest rank of the period. In contrast, the rate for the IT industry fluctuates but remains the highest at the start and end of the period.
The IT rate was 6% in 1992 and rose to 8% in 1994 before declining little to about 8% in 1996. However, in 1998, it experienced a significant gain of almost 12% and continued to grow, reaching nearly 15% and setting the highest position at the end of the era.
The industry of services, on the other hand, started approximately 4% in 1992 and increased to 6.5% in 1994. The service industry’s growth rates increased by about 7%, 7.5%, and 8%, respectively, between 1996 and 2000.
