Sector accounting for more GDP

And continued rapid growth means the sector could soon be matching the chemical and transport equipment industries, according to a study by International Financial Services London.

Growth in accounting and management services firms rose to 1.8% of the country’s GDP in the late 1990s, compared to 1.4% earlier in the decade.

The Big Five, which dominate the global market, account for three-quarters of the $80bn revenue generated by the world’s 50 largest accountancy-related firms and are becoming increasingly prominent. Moreover, worldwide fee income from these areas as a whole now amounts to £100bn.


International Financial Services website

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