Posted: 4 Mar 2024 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 in the UK Financial and professional services produced £294bn in economic output, contributed nearly £100bn in taxes, exported over £150bn and generated nearly £2bn in FDI for the UK economy. The role of the City of London The City is a key driver of the economy, generating over £97bn 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. Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Research Report London RMB Business Bi-annual Report Dec 2023 - The London RMB Business Bi-annual Report serves to contribute to the understanding of the London offshore RMB market. London RMB Business Bi-annual Report 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