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22 March 2022

City of London: Providing financial services to the world

Financial services remain an important pillar of the UK’s economy. The latest 2020 data from the ONS shows that trade and foreign direct investment in UK financial services demonstrated resilience against the backdrop of a challenging year.

Full paper

Despite the onset of the pandemic and the ongoing context of Brexit, 2020 saw the UK’s financial services trade surplus increase to £63.7bn – up from £62.1 in 2019. While holding its position as the largest net exporter of financial services worldwide.

A key draw for investment, FDI stock held in UK financial services was valued at £588bn in 2020 - 30% of all FDI stock in the UK. The US remained our largest investment partner by far, with £232.7bn in FDI stock held.

The facts & figures in our Providing financial services to the world infographic highlight the important contribution of financial services to the UK economy.

City of London

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