Key Facts About The UK As An International Financial Centre 2023

Today TheCityUK launched its annual ‘Key facts about the UK as an international financial centre ’ report, which shows that the UK is the second-largest exporter of financial services globally, with exports totalling £94.9bn.

The report provides facts and data showing that, despite the on-going challenging economic backdrop, the resilience and adaptability of the UK-based financial and related professional services industry remains strong.

Among the key findings are that the US remains the UK's largest trading partner in financial services, accounting for 33.5% of total sector exports, and the EU accounts for 28% of total sector exports, with Luxembourg (6.0%), France (4.8%), and Ireland (4.3%) being the top destinations within the bloc.

Alongside a range of other facts, the report also offers key statistics on a number of markets and sectors including banking, insurance, equity markets, FinTech and green finance.

The full report is available here.