The Information Economy

Information Economy report graphic

Economic Estimates

The Digital Industries are at the heart of the Information Economy. The Information Economy Economic Estimates report published in October 2013, provides economic and employment estimates for the Information Economy as defined by The Department for Business, Innovation and Skills (BIS).

Click on the link below for a full copy of the report.

Information Economy economic Estimates report - October 2013 PDF 946KB 

Key Data 

  • GVA for the Information Economy amounts grew by 5% between 2010 and 2011 more than double the rate of growth within the economy as a whole (2%) over the period. 
  • In total, GVA from the Information Economy is estimated to be approximately £72bn representing 5% of the UK total.
  • At £99,000 per head, GVA per worker in the Information Economy is more than double the industry average (£47,000).
  • The number of people working in the Information Economy industries grew 8% over the 2009-12 period - a rate four times that recorded for the UK workforce as a whole (2%).
  • Between 2009 and 2012 the number of Information Economy enterprises rose by 7% even as the overall number of enterprises in the UK declined by 0.1%.
  • The Information Economy now comprises 131,000 enterprises and 138,000 local units representing 6% and 7% respectively of the total number in the UK.
  • With a workforce of 760,000 people, Information Economy firms accounted for approximately 3% of the entire UK workforce though the figure rises to 1.4m or 5% when taking into consideration the Information Economy specialists employed in other sectors.

Previous report

In 2009, e-skills UK, along with other Sector Skills Councils, was asked to provide information to the government on industries with a particular potential for growth. We partnered with Skillset and Creative & Cultural Skills to produce this report on the digital economy. 

Strategic Skills Assessment for the Digital Economy (2009) PDF 662KB

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