The bar chart illustrates the contribution of IT and service industry on Gross Domestic Product (GDP) in the UK from 1992 to 2000.
Overall, it can be seen that IT industry has consistently provided greater GDP compared to service industry over 8 years period.
In 1992. technological industries accounted for about 6.5% of nation’s income while service industries accounted exactly 4% only. GDP contribution by IT sector increased by around 2.4% in 1996 before decreasing slightly in 1996, standing at approximately 7.9%. On the other hand, impact of service industries gradually rose to around 6.5% in 1994 and to 7% in year 1996.
The figure surged for IT in 1998, standing at 12%, then reaching to the highest of 15% in 2000. Compared to this, there was steady growth in service industry amounting to approximately 7/85% and 8.25% in 1998 and 2000 respectively.
In conclusion, IT sectors was developed at considerably greater pace than service industries in UK during the survey period.
