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Date updated: 28/07/2023

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.

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.

Source: ONS, City of London / PwC, TheCityUK, fDi Markets

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.

Source: ONS, Ministry of Housing, Communities & Local Government.

There are 587,000 workers in the City of London, or 1 in every 54 GB workers. City jobs have grown over 8% since pre-pandemic 2019 to 2021, with nearly 45,000 more jobs than in 2019.

Source: ONS

Home to one of the youngest, most highly skilled and international workforces across the country.

Source: Office for National Statistics

  • 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.
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City statistics briefing PDF (500KB)
Date submitted: 28/02/23