The Service Sector in Wales

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Presentation transcript:

The Service Sector in Wales Dr Karen Howells

Statistics GDP £56 billion 8.4% 0f land but only 4.8% of population of UK 3.1 million people GDP per capita of €21,900 in 2015 Services are 80.4% of GDP in the UK

Services in Wales Public administration Health Education Finance Business Research & Development Tourism Energy Creative Industries Wales' financial services sector is the fastest growing in the UK 11.2% increase in its number of financial services companies Creative industries growing fast

Creative Industries Sector A number of films and TV programs are now made in Wales Pinewood Studio Wales Roath Lock Studios Upper Boat Studio Wolf Studios Dragon International Bay Studios

Financial Services Wales is home to some of the world’s biggest names in financial and professional services. Deloitte, Legal & General, Admiral Lloyds Banking Group.

The Fastest Growing Companies in Wales 1 AerFin 2 Involve Recruitment AerFin is a market-leading civil aviation parts distributor that supplies quality serviceable used aircraft parts to the global aviation market. Turnover 2014: £5,036,810; 2016: £66,788,835; Change: 1226.0% Involve Recruitment is a specialist recruitment business supplying temporary and permanent staff to the construction and healthcare industries. Turnover 2014: £772,921; 2016: £8,969,834; Change: 1060.5%

The End!