information:highlighting, structural:reformatting
City and region

The Liverpool City Region GDP in 2021 was £40.479 billion. The 6 contributing boroughs to this GDP were as follows:

The City of Liverpool forms an integral part of North West England 's economy, the third largest regional economy in the United Kingdom. The city is also a major contributor to the economy of Liverpool City Region, worth over £40 billion per year.

The local authority area governed by Liverpool City Council accounts for 39% of the Liverpool city region's total jobs, 40% of its total GVA and 35% of its total businesses. At the local authority level, the city's GVA (balanced) at current basic prices was £14.3 billion in 2021. Its GDP at current market prices was £15.9 billion. This equates to £32,841 per head of the population.

At the 2021 United Kingdom census, 51.1% of Liverpool's population aged 16 years and over was classed as employed, 44.2% economically inactive and 4.8% unemployed. Of those employed, the most popular industries providing the employment were human health and social work activities (18.7%), wholesale and retail trade; repair of motor vehicles and motor cycles (15%), education (10.8%), public administration and defence; compulsory social security (7.3%), accommodation and food service activities (6.8%), construction (6.5%), transport and storage (5.8%), manufacturing (5.5%) and professional, scientific and technical activities (5.2%).

According to the ONS Business Register and Employment Survey 2021, some industries within Liverpool perform strongly compared to other local authorities in Great Britain. In terms of absolute number of jobs per industry in Great Britain's local authority areas, Liverpool features in the national top 10 for human health and social work activities; arts, entertainment and recreation; public administration and defence; compulsory social security; accommodation and food service activities and real estate activities. Liverpool features in the national top 20 for number of jobs in education; construction; wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; financial and insurance activities and professional, scientific and technical activities.

In 2023, Liverpool City Council set out an economic growth plan for the city over the following 20 years. The City Council will have particular focus on economic sectors such as the visitor economy (tourism), culture, life sciences, digital and creative sectors, and advanced car manufacturing.

According to the International passenger Survey, from the ONS, Liverpool was one of the top 5 most visited cities in the UK by overseas tourists in 2022. As of the same year, the city's tourist industry was worth a total of £3.5 billion annually and was part of a larger city region tourist industry worth £5 billion. A consistent calendar of major events, as well as a plethora of cultural attractions, continue to provide a significant draw for tourists. Tourism related to the Beatles is worth an estimated £100m to the Liverpool economy each year alone. Liverpool One, as well as a growing retail offer overall, has led to the city being one of the most prominent destinations for shopping in the UK. Liverpool Cruise Terminal, which is situated close to the Pier Head, enables tourists to berth in the centre of the city.

Liverpool is home to the Knowledge Quarter, a 450-acre city centre district that hosts some of the world's most influential institutions in science, health, technology, education, music and the creative performing arts. The UK government has also identified the city as a ' pharmaceutical production superpower' and one of the UK's leading regions for bioprocessing. The accolade led to the government choosing the city for England's second ever 'Investment Zone' in 2023. This will involve millions of pounds being invested over the coming years in to science orientated districts including the Knowledge Quarter and the so-called 'pharma cluster' in the city suburb of Speke. The two clusters form an internationally significant role in infectious disease control. Liverpool City Council also plan to invest in the city's Baltic Triangle, which is renowned in the creative and digital industries.

Car manufacturing also takes place in the city at the Jaguar Land Rover Halewood plant, where the Range Rover Evoque model is assembled. In 2023, Jaguar Land Rover announced that the Halewood plant would begin to shift its focus to electric car production.

Historically, the economy of Liverpool was centred on the city's port and manufacturing base. Today, the Port of Liverpool is the UK's fourth largest port by tonnage of freight, handling over 30 million tonnes in 2020. The city is also the UK's largest port for transatlantic trade, handling 45% of the country's trade from the United States. In 2023, the city was chosen by the British government to be a designated Freeport to encourage growing international commerce.

The Liverpool2 container terminal, completed in 2022, has greatly increased the volume of cargo which Liverpool is able to handle and has facilitated the world's biggest container vessels.

Liverpool is also home to numerous UK headquarters, or the major strategic branch offices, of many shipping and freight lines including: Atlantic Container Line, Bibby Line, Borchard Lines Ltd, CMA CGM, Hapag-Lloyd, Independent Container Line, Irish Ferries, Maersk Line, Mediterranean Shipping Company and Zim Integrated Shipping Services.

Liverpool's rich architectural base has helped the city become the second most filmed city in the UK outside London. As well as being a featured location in its own right, it often doubles up for Chicago, London, Moscow, New York City, Paris and Rome. The Depot studios, close to the city centre, provide space for film and TV productions.

Major economic projects planned for the city include the revitalisation of disused land in the North docks/Ten Streets area, Liverpool Waters and a new purpose built TV studio at the former Littlewoods Pools building, adjacent to the Depot.