Gross Domestic Product in the UK
The chart shows components of GDP in the UK from 1992 to 2000.
The bar chart provides information regarding gross domestic product from IT and Service Industry of the UK between 1992 and 2000.
Overall, the rate of products in IT Industry exceeded its counterpart in Service Industry, although there are upward trends in both of them. Noticeably, IT Industry witnessed a more rapid growth.
IT Industry tallied about 6 percent in 1992, which was tripled compared to Service Industry. Two years later, it reported a nearly 2 per cent increase before slightly sinking to less than 8 per cent. Despite a moderate decline, the percentage of IT Industry accelerated from approximately 8 percent to 12 percent, and reach a high of about 15 percent, doubling the percentage of Service Industry.
Besides, the proportion of Service Industry only accounted for 4 per cent of GDP in the initial year, and it markedly slid to around 6 percent in 1994. After that, this figure slightly go up in 1996 and almost reach 8 per cent in 1998 before exceeding this number in the end of the 8-year period.