Britain is well known for exporting a wide range of services, and these overseas sales of services are a crucial part of the British economy.
UK exports of financial and related professional services are those industry services which originate in the UK and are sold abroad, for example, legal services provided by a UK-based firm to a client in another country.
This report quantifies financial and related professional services exports from the regions and nations of Great Britain. In 2023 (latest data available), total services exports reached £465bn. Financial and related professional services exports accounted for almost 40% of these services exports, demonstrating the particular importance of the industry in this regard.
The £465bn in total services exports represented a 14% increase from 2022. This contrasts with the export of goods, which saw a decline of 3.6% over the same period. Financial and related professional services exports rose by 8.7% year on year in 2023.