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Retail Trade

Question for HM Treasury

UIN HL7881, tabled on 25 April 2016

To ask Her Majesty’s Government what percentage of economic output was attributed to the retail sector in each of the last 10 years, and what estimate they have made of that sector’s contribution over the next 10 years.

Answered on

10 May 2016

The table below sets out the percentage of nominal output attributed to retail trade (except of motor vehicles and motorcycles) in each of the last 10 years:

Year

Retail trade as share of nominal output

2006

5.6%

2007

5.6%

2008

5.6%

2009

5.6%

2010

5.7%

2011

5.6%

2012

5.7%

2013

5.6%

2014

5.6%

2015

5.6%

The Office for Budget Responsibility was created in 2010 to provide independent and authoritative analysis of the UK’s public finances, and economic forecasts.

The Office for Budget Responsibility do not forecast growth on a sub- sectoral level.

Answered by

Treasury