First we looked at the UK economy...
I found a page on the Foreign and Commonwealth Office government page which stated 10 key facts about the UK economy.
The UK is the world’s 6th largest economy and one of the world’s top 10 manufacturers.
The UK is the world’s 2nd largest services exporter and the world’s 6th largest trading nation.
The World Bank rated the UK 2nd in the EU and 7th in the world on its "Ease of Doing Business" ranking.
The UK is the no.1 location for European headquarters: more overseas companies have their European headquarters in the UK than in France and Germany put together.
6 of the world’s top 10 vehicle makers are based in the UK – the industry accounts for 11% of the UK’s manufactured exports.
The UK has the world’s 2nd largest aerospace market share, with an annual turnover of £20 billion/yr.
London’s global financial centre was ranked 1st in the 2011 Global Financial Centres Index. Across the UK, there are >1 million people employed in financial services.
UK academic institutions include 4 of the world’s top 10 universities.
The UK has created 5 of the world’s top 20 best-selling medicines.
The UK’s low carbon industry is worth £112 billion/yr and employs 910,000 people.
What is an Industry Sector?
Industry is the sector of the economy concerned with the production of goods and services.
Within Industry, there are 4 sectors
Primary
Secondary
Tertiary
Quaternary
There is also a fifth sector, not really too relevant however, called, the Quintenary.
Primary Sector
The primary sector, also labelled 'extraction', involves changing natural resources to primary products. Most products from this sector are the raw materials used across the other sectors.
AgricultureFarming generates around £5.9 billion per annum in the UK.
Largest factors of this income being milk, beef products, fresh vegetables, wheat and poultry.
Mining
Fossil fuels including, natural gas, oil and coal are still mined in the UK alongside metals like tin and lead. There has been a decline in the mining of certain metals such as copper and iron due to globalization. Industrial minerals are sourced from UK mining too, including, cement, sand and gravel. Slate and china clay are also mined in the UK.
The fishing industry generates around £673 million per annum. There are 4 important seafishing ports across the UK, being, Whitby, Grimsby, Lowestoft and Fleetwood the home of the Fisherman's Friend. Processing of the fish is done by companies at 3 of the ports in the UK, Birds Eye at Lowestoft, Young's at Grimsby and Whitby Seafoods at Whitby.
Around 12% of Britain's land surface is wooded. A decrease from how it once would have been. The UK has perfect ground for growing trees and the perfect conditions for mature trees such as oak. Each year the UK produces on average, 3 million cubic metres of sawn wood, 2.5 million cubic metres of wooden panelling and 5 million cubic metres of paper-based products. Generating around £2,500 million across the year.
Secondary Sector
The secondary sector is, commonly known as manufacturing, takes the outputs of the primary sector and produces finished and usable products to either export or sell within the country. The sector can also be split into two categories of light and heavy industry.
The automotive industry in the UK has an annual turnover of around £50 billion. Providing close to 1 million jobs across the UK. Automotive production includes top manufacturers such as Jaguar Land Rover, BMW Rolls Royce, MG Motor, Aston Martin Lagonda and Nissan.
Turning over around £20 billion annually, hosting some of the world's largest companies, BAE systems, QinetiQ and Rolls Royce.
Pharmaceutical Industry
Generating around £15 billion a year, the pharmaceutical industry is the third highest industry in the secondary sector. Employing around 80,000 people and boasting facts such as one in five of the world's biggest-selling prescription drugs were developed in the UK.
Tertiary Sector
The tertiary sector, also labelled the service industry or the service sector. The tertiary sector serves both businesses as well as the general public but mainly focuses on the interaction between people as opposed to physical goods.
BSkyB is the largest paid TV service provider with well over 11 million subscribers. Worth around £12 billion, one of the largest companies within the UK in relation to media and the news. Although the news and media also crossover from the public sector into the private sector.
The tourism and leisure industry in the UK is worth around £20 billion.
The NHS is the biggest provider of healthcare across the UK, providing the general public with free services as part of the public sector. Other establishments include BUPA amongst other private sector establishments.
Quaternary Sector
The quaternary sector is the label for the research industry, looking for new ideas, production methods and different ways to manufacture goods.
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