Treasury written question – answered am ar 7 Rhagfyr 2018.
Philip Davies
Ceidwadwyr, Shipley
To ask the Chancellor of the Exchequer, what proportion of UK GDP is from trade with the EU.
John Glen
Minister of State (Treasury) (City), The Economic Secretary to the Treasury
As our largest trading partner, total trade with the EU was worth the equivalent of 30.4% of GDP in 2017. Within this, goods and services exports to the EU were 13.8% of GDP.
Net trade in goods and services with the EU contributed 0.8 percentage points to GDP growth last year.
However, this does not account for intermediate demand or the inputs of products, both domestic and imported, stemming from trade with the EU.
Yes4 people think so
No0 people think not
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