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Statistics

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

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  • Release date: 12 December 2018
  • Period covered: 1998 to 2017
Data produced by the Office for National Statistics (ONS), which show estimates of economic output at three geographical workplace levels.

The ONS has produced a single estimate of GVA known as the balanced (GVA (B)) approach, using the strengths of both the income and production approaches. These estimates are now the ONS’ official GVA approach. For more information on the approaches, see links in details.

Balanced approach

Key points

  • Total GVA (B) in Wales in 2017 was £62.2 billion, up 3.1 per cent on 2016. GVA for the UK (excluding extra-regio) rose by 3.5 per cent.
  • Since 2009, total GVA in Wales has increased by 30.2 per cent. This is the fourth highest increase of the 12 UK countries and English regions.
  • GVA per head in Wales in 2017 was £19,899, up 2.7 per cent on 2016. This is the eighth highest increase over the year of the 12 UK countries and English regions. GVA per head for the UK (excluding extra-regio) rose by 2.9 per cent.
  • GVA per head in Wales has increased by 26.6 per cent between 2009 and 2017. This is the third largest increase of the 12 UK countries and English regions.
  • GVA per head in Wales in 2017 was 72.9 per cent of the UK figure (excluding extra-regio), the lowest of the UK countries and English regions. This was down 0.1 percentage points over the year.
  • In East Wales GVA per head was 89.9 per cent of the UK figure, while in West Wales and the Valleys it was 62.8 per cent of the UK figure.
  • Other lower geographical areas are available from ONS including NUTS 3 local areas, local authorities, and city regions.

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 9016
Email: economic.stats@gov.wales

Media
Tel: 0300 025 8099

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