The economy of Liverpool is beginning to recover from its long post WWII decline. Between 1995 and 2001 GVA per head grew at 6.3% annum. This compared with 5.8% for inner London and 5.7% for Bristol. The rate of Jobs growth was 9.2% compared with a national average of 4.9% for the same period, 1998-2002.

Like the rest of the United Kingdom the city has seen a large growth in service industries and has several major call centres. The activities of the port have left the site with a communications infrastructure that had for a long time exceeded requirements. Growth in the areas of New Media has been helped by the existence of a relatively large Computer game development community.

Tourism is a major factor in the economy and will be of increasing importance in the run up to the Liverpool years as European Capital of Culture. This has led to a great increase in the provision of high quality services such as Hotels, restaurants and clubs. The buildings of Liverpool not only attract tourists but also film makers, who regularly use Liverpool to double for many cities around the worlds and making it the second most filmed city in the UK.