Sport, creative, digital and gambling industries, and the voluntary sector contributed £224.1 billion to the UK in 2018
Here’s how much money digital firms contribute to UK. Source: shutterstock.com
LearnBonds revealed that digital industries contribute £149 billion per year to the UK economy, which is equivalent to £400 million a day.
That adds up to 7.7% of British gross domestic product (GDP), according to the Department for Digital Culture Media and Sport (DCMS).
The data showed the digital sector grew by 7.9% in 2018 compared to 2017. It means that growth in the sector is nearly six times larger than growth across the whole economy, which increased by 1.4%.
Digital firms cover numerous startup fintech industries from challenger banks like Revolut, money transfer companies like Transferwise to online mortgage brokers like Trussle.
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