Posted: 2 Nov 2023 Resource Type: Research Report Download Back The City Statistics briefing looks at the City of London's role as a global business hub for financial and related professional services. It provides facts and figures about employment and firms located within the City, as well as highlighting some recent changes to the City as a workplace. The role of financial and professional services and the City of London, alongside its jobs and workers The following statistics complement the City Statistics briefing, providing more detail on changes and trends in the City’s workforce, economy, and role as a financial and professional services hub. The role of financial and professional services in the UK Financial and professional services produced £278bn in economic output, contributed nearly £100bn in taxes, exported over £128bn and generated nearly £2bn in FDI for the UK economy. The role of the City of London The City drives the economy, generating over £85bn in economic output annually. The City accounts for one in every five financial services jobs in GB. The City also contributes to the wider economy, generating £1.1bn in business rates. City of London jobs There are 615,000 workers in the City of London, or 1 in every 52 GB workers. City jobs have grown over 13% since pre-pandemic 2019 to 2022, with nearly 73,000 more jobs than in 2019. City of London workers The City is home to one of the youngest, most highly skilled and international workforces across the country. Sources of other statistical information TheCityUK maintains a comprehensive archive of authoritative reports on industry sectors and products as well as updates on key financial indicators. Nomis is a service provided by the Office for National Statistics (ONS) to give you free access to the most detailed and up-to-date UK labour market statistics from official sources. Access to Business Register and Employment Survey (BRES) data requires special permission for which there is a fee. The Small Business Research + Enterprise Centre can offer you access to current business information and statistics remotely anywhere in the UK. Share: Share to LinkedIn LinkedIn Share to Twitter Twitter Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Research Report UK-Australia post FTA regulatory cooperation Feb 2023 - This report focuses on the opportunities afforded the financial and professional services sector through the creation of a Regulatory Dialogue between UK and Australia. UK-Australia post FTA regulatory cooperation Research Report Shaping the future of borderless work Nov 2022 - This report explores how the UK can lead innovation, shape multilateral dialogue and ensure UK competitiveness as borderless working becomes mainstream. Shaping the future of borderless work Research Report The future of voluntary carbon markets Nov 2021 - This report outlines the essential components of a well governed and efficient market that can transform the transition to Net Zero. The future of voluntary carbon markets Research Report Decarbonising Indian industrial supply chains Oct 2021 - This report provides analysis on the transition pathways for industrial emissions in India by drawing key insights across the mobility, energy, and industrial sectors. Decarbonising Indian industrial supply chains