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<p>The UK pharmaceutical sector contributes more than £13 billion to UK Gross Value
Added (GVA), making it the second largest in Europe after Germany measured by GVA.
The life sciences sector employs 173,900 people in the UK, and the UK is second only
to the US measured by the share of top 1% citations in life science related subjects.
The Office of Life Sciences is currently developing a set of indicators reflecting
the broad competitiveness of the UK life science environment against key international
comparators.</p><p> </p><p>More broadly, the most recent Global Competitiveness Report
by the World Economic Forum (WEF) overall ranks the UK within the top 10 competitive
countries in which to conduct business, continuing its historical strong performance.
The UK is well regarded for its high quality science and research base, high-level
skills, openness to international trade and effectiveness of its regulatory and competition
regimes and flexible labour market. As a result the UK overall remains a magnet for
inward investment, second only to the USA.</p><p> </p>
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