WQ88383 (e) Wedi’i gyflwyno ar 06/06/2023

Pa gyfran o economi Cymru sy'n cynnwys gwasanaethau ariannol eleni o'i gymharu â'r flwyddyn flaenorol?

Wedi'i ateb gan Gweinidog yr Economi | Wedi'i ateb ar 12/06/2023

The latest economic data on the financial services in Wales is from 2021. This shows:

In terms of economic output (Gross Value Added from ONS Regional Accounts), Financial Services were 2.0% of total Welsh GVA in 2021, down from 2.1% in 2020.

Financial services were 0.9% of total Welsh employment in 2021, according to the Business Register and Employment Survey. This is a higher share than in 2020 (0.8%), the only GB country to record an increase in its relative size of the sector by employment.

To note: Financial services is defined here as standard industrial classification (SIC) code 64: Financial service activities, except insurance and pension funding.