In 2022, the latest year for which data are available, financial and related professional services exports from Britain totalled £158bn, according to our estimates (data for Northern Ireland was not available, so data are for Britain rather than the UK). Forty-seven percent of this total originated outside London. The regions and nations outside London making the largest contributions were the South East (10.1% of the total), Scotland (6.6%) and North West (5.3%).
In 2022 financial and related professional services exports across Britain rose by 18.4% year on year. According to our estimates, all regions and nations in Britain except the North West saw growth in financial and related professional services exports in 2022. In terms of pure growth rates, Wales was the nation that presented the fastest year on year rate of change (63.5%), followed by East of England (33.4%), and West Midlands (33%) (albeit from much lower bases of around £2.5bn-£5bn in 2021).
Financial services was the biggest exporting service sector in every British region and nation in 2022 apart from London, where the largest exporting service sector in that year was professional, scientific and technical activities. Financial and related professional services exports as a proportion of total services exports varied from almost one-quarter in the East of England to almost half in Wales, Yorkshire and the Humber, and London.
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