Explained in plain English

What is 'economic contribution'?

When we talk about an industry's 'economic contribution', it means the total value it adds to the economy. For aerospace and defence, this includes the value of goods and services produced, the wages paid to 468,500 employees, and the profits generated. This £46.8 billion figure is a significant part of the UK's Gross Domestic Product (GDP), indicating the sector's importance to national prosperity.