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

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  • Release date: 16 December 2015
  • Period covered: 1998 to 2013
Data produced by the Office for National Statistics, which show estimates of economic output at three geographical levels.

Income approach

Release date: 9 December 2015

Key points

  • Total workplace GVA in Wales in 2014 was £54.3 billion, up 2.4 per cent on 2013, GVA for the UK (excluding extra-regio) rose by 4.4 per cent.
  • Workplace GVA per head in Wales in 2014 was £17,573, up 2.1 per cent on 2013, whilst GVA per head for the UK (excluding extra-regio) rose by 3.6 per cent.
  • Workplace GVA per head in Wales in 2014 was 71.4 per cent of the UK average, the lowest amongst the devolved countries and English regions. This was down 1.1 percentage points over the year.
  • The workplace based NUTS2 estimates for 2014 show GVA per head in East Wales and West Wales and the Valleys at 84.0 per cent and 64.0 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 2014 (at 53.5 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 89.8 per cent.

Production approach

Release date: 16 December 2015

These estimates are experimental and last weeks GVA (income based) figures [GVA(I)] should be regarded as the official GVA estimates. The estimates published by the ONS today show GVA in ‘real’ terms (using Chained Volume Measures, CVM) using the production approach [GVA(P)]. Where the GVA(P) results differ significantly from the existing GVA(I) measure, the latter should take precedence. For more information see the ONS website.

Key points

  • Between 1999 and 2013 GVA grew in real terms by 37.4 per cent in Wales, compared to an increase of 27.8 per cent in the UK. The increase in Wales was the 3rd highest of the UK countries and regions, behind London and Scotland.
  • Between 2012 and 2013 GVA grew in real terms by 2.8 per cent in Wales, compared to an increase of 2.2 per cent in the UK. The increase in Wales was the 6th highest of the UK countries and regions. Scotland had the highest increase, followed by the East of England.
  • Between 1999 and 2013 GVA grew in real terms by 36.3 per cent in West Wales and the Valleys, compared to an increase of 39.0 per cent in East Wales.
  • Between 2012 and 2013 GVA grew in real terms by 4.4 per cent in West Wales and the Valleys, compared to an increase of 0.9 per cent in East Wales.

Note

Although this was preannounced for release at 9:30 am, we did not have access to the data until this time. Every effort is made to publish as soon as possible after the release by ONS, but there is naturally an unavoidable delay due to the processing and checking of the headline.

Contact

Tel: 029 2082 5017
Email: economic.stats@wales.gsi.gov.uk

Details

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