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Statistics

Regional gross value added (GVA) and sub-regional gross value added

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  • Release date: 16 December 2016
  • Period covered: 1998 to 2014
  • Next update: 14 December 2017
Data produced by the Office for National Statistics, which show estimates of economic output at three geographical levels.

Production approach

Release date: 16 December 2016

These estimates are experimental and GVA (income based) figures should be regarded as the official GVA estimates. Where the GVA (production based) results differ significantly from the existing GVA (income based) measure, the latter should take precedence.

Key points

  • Between 1999 and 2014 GVA grew in real terms by 34.2 per cent in Wales, compared to an increase of 30.2 per cent in the UK. The increase in Wales was the third highest of the UK countries and regions, behind London and Scotland.
  • Between 2013 and 2014 GVA grew in real terms by 0.4 per cent in Wales, compared to an increase of 3.4 per cent in the UK. The increase in Wales was the lowest of all UK countries and regions. London had the highest increase, followed by the East of England.
  • Between 1999 and 2014 GVA grew in real terms by 32.2 per cent in West Wales and the Valleys, compared to an increase of 36.8 per cent in East Wales.
  • Between 2013 and 2014 GVA grew in real terms by 1.1 per cent in West Wales and the Valleys, compared to a decrease of 0.4 per cent in East Wales.

Income approach

Release date: 15 December 2016

Key points

  • Total workplace GVA in Wales in 2015 was £55.8 billion, up 3.0 per cent on 2014. GVA for the UK (excluding extra-regio) rose by 2.9 per cent.
  • Workplace GVA per head in Wales in 2015 was £18,002, up 2.8 per cent on 2014, whilst GVA per head for the UK (excluding extra-regio) rose by 2.1 per cent.
  • Workplace GVA per head in Wales in 2015 was 71.0 per cent of the UK average, the lowest amongst the devolved countries and English regions. This was up 0.5 percentage points over the year. 
  • The workplace based NUTS2 estimates for 2015 show GVA per head in East Wales and West Wales and the Valleys at 84.0 per cent and 63.3 per cent of the UK average respectively.
  • The Isle of Anglesey was the NUTS3 area with the lowest GVA per head in the UK in 2015 (at 52.9 per cent of the UK less extra-regio average per head), whilst Cardiff and the Vale of Glamorgan was ranked the highest NUTS3 area in Wales at 89.9 per cent.

Contact

Statistician
Tel: 0300 025 6960
Email: economic.stats@gov.wales

Media
Tel: 0300 025 8099

Details

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