England Industry Sectors, England Industries

 England’s industry sectors have, for long, been a pillar of the nation’s economy. With abundant resources and an efficient workforce, industrialization matured quickly in England and gave enough resources for the country to thrive on its own. Soon, other sectors were explored and today, the service sector contributes the maximum to the GDP. According to the 2009 estimates, this sector contributed 75% of the total GDP.[br]

 England’s industry sectors have, for long, been a pillar of the nation’s economy. With abundant resources and an efficient workforce, industrialization matured quickly in England and gave enough resources for the country to thrive on its own. Soon, other sectors were explored and today, the service sector contributes the maximum to the GDP. According to the 2009 estimates, this sector contributed 75% of the total GDP.[br]

As far as the industries are concerned, the UK has developed expertise in producing and manufacturing the following products:

·        Machine tools

• Electric power equipment

• Automation equipment

• Railroad equipment

• Shipbuilding

• Aircraft

• Motor vehicles and parts

• Electronics and communications equipment

• Metals

• Chemicals

• Coal

• Petroleum

• Paper and paper products

• Food processing

• Textiles

• Clothing

Tourism and the construction industry have risen sharply in the late 1990s and the 2000s, and therefore have started contributing more to the country’s growth. However, the recession years did mar the performance, with the industrial growth rate being recorded at -9.4%. 

England Industry Sectors 

England’s industry sectors get the country its valuable foreign exchange. The most exported goods are industrial products, such as:

• Manufactured goods

• Fuels

• Chemicals

• Processed food

• Beverages

The industrial sector contributes almost 23.8% to the GDP and is second only to the service sector. The following graph shows the contribution of the various sectors (in percentage):

 

 

 

Of its 31.25 million strong workforce, England’s industry sector employs 18.2% (2006 estimates). The following graph shows the contribution of various sectors in generating employment (in percentage):

 

 

 

[br]The finance industry remains the largest segment for employment, although it has been badly affected by the recession years. Job losses were huge, taking the unemployment rate from 5.642% (2008) to 8% in 2009.

However, the BROWN administration has done a fine job of containing the effect that could have been lethal for a financial hub like England. The recent policies have nationalized ailing industries and therefore the economy seems to be moving in the right direction.