And Guardian commenters even more clueless on economics

Manufacturing (the only thing you can export) is only 5% of the UK economy.

Manufacturing is around and about 10% of the UK economy. And services exports are quite large really:

Total UK exports of services (excluding travel, transport and banking) in current prices continued to rise, increasing from £103,828 million in 2012 to £117,193 million in 2013, an increase of 12.9%.
Total UK exports of services to Europe witnessed the largest increase in 2013 rising from £51,963 million in 2012 to £57,150 million, an increase of 10.0%. Exports to Germany contributed most towards the increase.
The professional, scientific and technical activities sector continued to be the largest sector contributing 27.4% of total UK exports in 2013.
Total UK imports of services (excluding travel, transport and banking) in current prices increased by 15.1% rising from £46,399 million in 2012 to £53,387 million in 2013.

Services exports are some 7 or 8% of the UK economy. The services trade surplus is some 3 or 4% of the economy, summat like that.

5 thoughts on “And Guardian commenters even more clueless on economics”

  1. These service exports, achieved despite not having freedom of ‘movement’ for services?

    Tell me again how critical the single market is…

  2. I’m missing something here. ~100m is 7 or 8% of the economy of 2.7TRILLION.

    2.7t * 8% is ~216b. 100m is a rounding error

    Or is that what is being pointed out

  3. Bloke in Costa Rica

    It’s 100 thousand million. One hundred and seventeen thousand million in 2013, according to that quote up there.

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