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Statistics

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

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  • Release date: 20 December 2017
  • Period covered: 1997 to 2016
  • Next update: December 2018
Data produced by the Office for National Statistics (ONS), which show estimates of economic output at three geographical workplace levels.

The ONS have produced a single estimate of GVA known as the balanced (GVA (B)) approach, using the strengths of both the income (GVA (I)) and production (GVA (P)) approaches. These estimates are currently classed as experimental statistics, but are now the ONS is official GVA approach. For more information on the approaches, see links in details.

Balanced Approach

Key points

  • Total GVA (B) in Wales in 2016 was £59.6 billion, up, 4.0 per cent on 2015. GVA for the UK (excluding extra-regio) rose by 3.7 per cent.
  • GVA per head in Wales in 2016 was £19,140, up 3.5 per cent on 2015. This is the second highest increase over the year of all UK countries and regions whilst GVA per head for the UK (excluding extra-regio) rose by 2.8 per cent.
  • GVA per head in Wales in 2016 was 72.7 per cent of the UK (excluding extra-regio) average, the lowest amongst the UK countries and English regions. This was up 0.5 percentage points over the year.
  • Based NUTS2 estimates for 2016 show GVA per head in East Wales and West Wales and the Valleys at 87.2 per cent and 64.1 per cent of the UK average respectively.

Income approach

Key points

  • Total GVA (I) in Wales in 2016 was £59.8 billion, up 4.1 per cent on 2015. GVA for the UK (excluding extra-regio) rose by 3.6 per cent.
  • GVA per head in Wales in 2016 was £19,200, up 3.6 per cent on 2015, whilst GVA per head for the UK (excluding extra-regio) rose by 2.7 per cent.
  • Based NUTS2 estimates for 2016 show GVA per head in East Wales and West Wales and the Valleys at 86.9 per cent and 64.7 per cent of the UK average respectively.

Production approach

Key points

  • Between 2015 and 2016 GVA (P) grew in real terms by 1.3 per cent in Wales, compared to an increase of 1.6 per cent in the UK. The increase in Wales was the joint fifth highest of all UK countries and regions. London had the highest increase, followed by the South West.
  • Between 2015 and 2016 GVA grew in real terms by 0.6 per cent in West Wales and the Valleys, compared to an increase of 2.0 per cent in East Wales.

Note

As agreed with the Office for Statistics Regulation, these statistics will be updated at 12.30pm on the day of release by ONS.

Contact

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

Media
Tel: 0300 025 8099

Details

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