Down to £2.52bn.
The stats come from UK trade body UKIE, and cover all facets of the 'traditional' games market including hardware and software on PC and console and accessories.
However, they don't factor in the booming digital sector, and the success of outlets such as the App Store, Xbox Live, the PlayStation Network and Steam.
The report showed Q4 proved to be of vital importance to the industry, with 51 per cent of the year’s total revenue was amassed in the period, and eight of 2011’s ten best-selling games being released in the quarter.
Still, it's clear that the overall pattern is downwards. In 2009 the UK market was worth £3.31bn.
The physical UK software market in 2011 was worth £1.42bn, down seven per cent year-on-year. The console game software market was worth £1.35bn, with Xbox 360 being the only format that enjoyed a year of growth.
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Total hardware sales hit £646m. The accessories market fell 17 per cent to £453m, though in unit terms it was only down 13 per cent.
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