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Date updated: 5/03/2024

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.

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.

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

The City is a key driver of the economy, generating over £90bn 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 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.

Source: ONS

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

Source: ONS

City statistics briefing PDF (400KB)
Date submitted: 4/03/24