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| The project profession has seen substantial growth in UK FTEs and economic contribution.
The total FTEs working in the project profession across the UK has grown to an estimated 2.32 million (2.13 million in 2019), while GVA has risen to £186.8bn, increasing by more than £30bn since 2019.
These figures account for 8.5% of the total UK FTEs and 9.2% of the total UK GVA. Reflecting on the 2019 Golden Thread study, these numbers represent an 8% growth in project management FTEs and a 19% increase in annual project management GVA.
| The project profession has outpaced total UK GVA growth since the 2019 report.
It is an encouraging sign to see project management GVA slightly outpacing total UK GVA.
The increase of 19.4% since 2019 demonstrates the strategic importance of projects and the profession's widespread contribution to the UK economy and society.
| The Golden Thread: What is the economic contribution of the project profession?
In this podcast we share an edited recording of the launch event for the Golden Thread report, which asks 'What is the true value of the project profession to the UK economy and society?', expanding on research first published in 2019.