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I think those are intentionally misleading numbers. The UK is a finance power house, not a manufacturing one, so of course it derives a larger share of GDP from
by riffraff 2y ago
I think those are intentionally misleading numbers. The UK is a finance power house, not a manufacturing one, so of course it derives a larger share of GDP from less energy.
Italy has a higher % of GDP from manufacturing but way more expensive energy.
- hadlock 2y agoGermany and the Netherlands bled off more than half of London's finance industry since Brexit if you look at recent numbers. They still have a finance industry but powerhouse might be a stretch these days.
- rossriley 2y agoUK has 10% of the entire world's digital exports: https://www.voronoiapp.com/technology/The-Worlds-Largest-Digital-Exporters--3179 https://www.voronoiapp.com/technology/The-Worlds-Largest-Dig...
- riffraff 2y agoPerhaps, but e.g. LSEG had 8B in revenue last year and Euronext had less than 2B. I'd be interested to know about specific numbers you're thinking of, if you can share a link or two.
- whenc 2y agoI suspect they are confusing "total market capitalization of companies on stock exchange" with "financial industry".
- owenversteeg 2y agoHmm, I could see the case for energy use per unit of GDP being misleading in some ways. But per capita electricity generation? That’s not related at all.