Liverpool is a thriving and incredibly vibrant city, with a strong and growing economy. Total GVA for the city increased by 1.6% in 2016, to reach £30,858 million, while GVA per head grew 1% to £20,125. The city has a diverse range of industries, both established and emerging.
Manufacturing has long been an important sector to Liverpool, generating £3.2 billion for its economy and keeping 50,000 people employed. The health and life sciences sector continues to grow in the city, and now contributes around £1.7 million every year, as well as providing 6,000 jobs. Digital and creative industries are also thriving, as is the business and financial services sector. Healthcare remains a vital employer, accounting for 11.4% of all jobs in the city in 2016.
To see exactly how diverse the Liverpool economy is, take a look at the list below. It lists the city's highest-earning companies based on their annual revenues, giving a clear picture of the sectors and businesses that are dominating the region.
MoreLiverpool is not only a thriving city in the present tense; it is also set to see great growth and a wealth of future opportunity thanks to a range of development projects. The Liverpool City Region Local Enterprise Partnership (LEP) was awarded a growth fund of £230 million in 2014, with the aim of boosting the economy and creating thousands of new jobs.
The city has also set out a range of specific goals to fuel further growth in the near future, including the creation of 20,000 new businesses in 20 years, 1000 more SMEs exporting from the area by 2020 and an additional 500 SMEs injecting cash into research and development by 2030.
