Wednesday, 29 January 2025

UK Intangible investment: ONS data

 1. The ONS has estimates of UK intangible investment 97-02 : Investment in intangible assets in the UK: 2022 with data here: 

Investment in intangible assets in the UK


2. if we start by industry we have: 




Showing that these data are for what I call for short-hand the "business" sector, i.e. excluding L, real estate and O/P/Q, public admin, defence, health, educatoin.  

3. to get a sense of scale, what is GVA for these sectors? the ONS Blue Book, 2024, industry analysis, has this graph


with the underlying data here.  This gives totdal GVA= 2.265
tr, Govt = 0.433tr, Real estate = 0.292tr => business sector = 1.539tr  = 68% of total GVA (govt = 20%, real estate 13%).  

4. Returning to intangibles we have in 2022: tangible investment  = 167.3£m, intangible 199.7bn, of which £77bn is capitalised and £122 is not.  That gives 5% capitalised intangible/GVA and 12% total/(GVA+uncapitalised). 

5. the industry intangible intensities are below.  ICT, Manufacturing, finance and the arts are intangible intensive.



6. Finally, in comparing with tangibles we have intangibles higher than tangibles



with the 2022 figures being 199/(1539+122) = 12% and 167/(1539 +122)=9%.  (or for capitalised, 77/1539 = 5% and 167/1539 =  11%).