Our ‘Key facts about the UK as an international financial centre 2019’ report shows the UK is one of the world’s leading international financial and related professional services centres.
The UK remains the world’s leading net exporter of financial services (£61.9bn), followed by the US (£47.3bn) and Switzerland (£17.5bn). As a single country, the US accounts for the largest part of the UK’s financial services net exports, at 26.6% of the total, with the EU as a bloc accounting for the largest part overall (40.5% - with the Netherlands 8.4%, Germany 7%, and France 6.7% being the top three destinations in the EU).
The UK also increased its global market share in key financial markets, including interest rates OTC derivatives (to 50% from 39%) and foreign exchange turnover (to 43% from 37%) during the period 2016-2019. In both cases, the UK remains the global market leader by a considerable margin.