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Welsh Government
Data Provider: Welsh Government National Statistics Gross Value Added by area and component
None
GVA ApproachThe balanced (GVA (B)) approach are now the ONS\' official GVA approach.[Filtered]
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Area 2
[Collapse]2019[Collapse]2020[Collapse]2021[Collapse]2022
[Collapse]TotalRegional GVA estimates are calculated on a residence basis. That is, compensation of employees of commuters is attributed to the region of residence rather than to the region of workplace in those cases where the two are different. ONS also publish estimClick here to sortTotalRegional GVA estimates are calculated on a residence basis. That is, compensation of employees of commuters is attributed to the region of residence rather than to the region of workplace in those cases where the two are different. ONS also publish estim[Collapse]TotalRegional GVA estimates are calculated on a residence basis. That is, compensation of employees of commuters is attributed to the region of residence rather than to the region of workplace in those cases where the two are different. ONS also publish estimClick here to sortTotalRegional GVA estimates are calculated on a residence basis. That is, compensation of employees of commuters is attributed to the region of residence rather than to the region of workplace in those cases where the two are different. ONS also publish estim[Collapse]TotalRegional GVA estimates are calculated on a residence basis. That is, compensation of employees of commuters is attributed to the region of residence rather than to the region of workplace in those cases where the two are different. ONS also publish estimClick here to sortTotalRegional GVA estimates are calculated on a residence basis. That is, compensation of employees of commuters is attributed to the region of residence rather than to the region of workplace in those cases where the two are different. ONS also publish estim[Collapse]TotalRegional GVA estimates are calculated on a residence basis. That is, compensation of employees of commuters is attributed to the region of residence rather than to the region of workplace in those cases where the two are different. ONS also publish estimClick here to sortTotalRegional GVA estimates are calculated on a residence basis. That is, compensation of employees of commuters is attributed to the region of residence rather than to the region of workplace in those cases where the two are different. ONS also publish estim
Click here to sortCompensation of employeesThis comprises wages and salaries plus employers\' social contributions.Click here to sortOtherThis comprises gross operating surplus and mixed income. It comprises elements such as company profits and surpluses, income from self employment and rental income.Click here to sortStatistical discrepancy (income adjusted)Statistical discrepancy between income components and GDP.Click here to sortCompensation of employeesThis comprises wages and salaries plus employers\' social contributions.Click here to sortOtherThis comprises gross operating surplus and mixed income. It comprises elements such as company profits and surpluses, income from self employment and rental income.Click here to sortStatistical discrepancy (income adjusted)Statistical discrepancy between income components and GDP.Click here to sortCompensation of employeesThis comprises wages and salaries plus employers\' social contributions.Click here to sortOtherThis comprises gross operating surplus and mixed income. It comprises elements such as company profits and surpluses, income from self employment and rental income.Click here to sortStatistical discrepancy (income adjusted)Statistical discrepancy between income components and GDP.Click here to sortCompensation of employeesThis comprises wages and salaries plus employers\' social contributions.Click here to sortOtherThis comprises gross operating surplus and mixed income. It comprises elements such as company profits and surpluses, income from self employment and rental income.Click here to sortStatistical discrepancy (income adjusted)Statistical discrepancy between income components and GDP.
[Collapse]£ million[Expand]UK(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,087,539(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.908,1690(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,995,708(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,094,944(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.803,0130(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,897,957(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,156,152(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.890,484(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.0(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.2,046,636(p) The data item is provisional.1,241,371(p) The data item is provisional.1,027,831(p) The data item is provisional.-23,155(p) The data item is provisional.2,246,047
[Collapse]UK excluding Extra-RegioThe UK total excluding any elements of GVA that cannot be assigned to specific regions, i.e. elements that are Extra-regio. It is the total of the English regions and the three devolved administrations and is the most appropriate aggregation to use when(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,083,884(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.893,313(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,977,198(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,091,425(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.794,1860(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,885,611(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,152,937(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.881,594(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.0(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.2,034,531(p) The data item is provisional.1,237,566(p) The data item is provisional.1,015,536(p) The data item is provisional.-22,675(p) The data item is provisional.2,230,427
UK excluding Extra-RegioThe UK total excluding any elements of GVA that cannot be assigned to specific regions, i.e. elements that are Extra-regio. It is the total of the English regions and the three devolved administrations and is the most appropriate aggregation to use when[Collapse]England(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.937,485(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.778,953(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,716,439(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.942,123(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.695,8130(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,637,936(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.997,124(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.771,627(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.36(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1,768,787(p) The data item is provisional.1,072,412(p) The data item is provisional.887,400(p) The data item is provisional.-19,545(p) The data item is provisional.1,940,267
EnglandNorth East(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.32,935(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.22,992(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.55,926(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.33,466(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.19,3330(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.52,799(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.35,313(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.22,001(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.20(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.57,334(p) The data item is provisional.37,502(p) The data item is provisional.26,242(p) The data item is provisional.-637(p) The data item is provisional.63,107
North West(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.110,729(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.79,076(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.189,804(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.111,714(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.73,7360(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.185,450(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.119,570(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.80,101(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.0(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.199,671(p) The data item is provisional.127,629(p) The data item is provisional.94,437(p) The data item is provisional.-2,359(p) The data item is provisional.219,707
Yorkshire and the Humber(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.74,643(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.53,8110(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.128,454(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.75,789(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.47,914(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.123,702(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.81,114(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.56,799(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.0(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.137,913(p) The data item is provisional.86,492(p) The data item is provisional.66,669(p) The data item is provisional.-1,836(p) The data item is provisional.151,325
East Midlands(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.65,175(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.48,193(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.113,367(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.67,047(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.43,6970(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.110,744(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.70,419(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.49,397(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.4(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.119,820(p) The data item is provisional.74,547(p) The data item is provisional.55,693(p) The data item is provisional.-1,445(p) The data item is provisional.128,795
West Midlands(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.82,411(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.61,0190(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.143,430(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.84,124(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.51,960(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.136,085(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.88,167(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.59,395(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.147,563(p) The data item is provisional.94,234(p) The data item is provisional.67,871(p) The data item is provisional.-1,735(p) The data item is provisional.160,370
East(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.90,560(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.78,158(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.168,719(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.90,003(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.69,548(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.159,550(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.93,942(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.79,437(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.2(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.173,381(p) The data item is provisional.100,375(p) The data item is provisional.90,748(p) The data item is provisional.-1,820(p) The data item is provisional.189,303
London(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.248,495(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.225,170(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.473,666(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.236,783(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.200,4980(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.437,281(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.249,110(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.220,482(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.2(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.469,594(p) The data item is provisional.270,520(p) The data item is provisional.253,089(p) The data item is provisional.-4,431(p) The data item is provisional.519,178
South East(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.153,399(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.142,8190(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.296,218(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.161,077(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.130,8870(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.291,964(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.171,481(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.135,738(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.3(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.307,222(p) The data item is provisional.186,350(p) The data item is provisional.153,384(p) The data item is provisional.-3,516(p) The data item is provisional.336,218
South West(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.79,138(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.67,7160(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.146,854(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.82,120(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.58,243(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.140,362(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.88,008(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.68,278(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.3(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.156,289(p) The data item is provisional.94,763(p) The data item is provisional.79,264(p) The data item is provisional.-1,763(p) The data item is provisional.172,264
[Expand]Wales(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.38,494(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.29,547(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.68,040(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.39,402(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.25,4390(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.64,841(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.40,276(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.27,828(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-51(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.68,053(p) The data item is provisional.42,745(p) The data item is provisional.32,596(p) The data item is provisional.-796(p) The data item is provisional.74,545
[Expand]Scotland(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.83,885(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.65,019(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.148,903(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.85,029(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.55,6950(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.140,724(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.89,191(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.62,295(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.13(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.151,499(p) The data item is provisional.94,622(p) The data item is provisional.72,969(p) The data item is provisional.-1,877(p) The data item is provisional.165,714
[Expand]Northern Ireland(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.24,021(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.19,794(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.43,816(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.24,871(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.17,240(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.42,110(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.26,346(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.19,845(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.2(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.46,193(p) The data item is provisional.27,787(p) The data item is provisional.22,570(p) The data item is provisional.-456(p) The data item is provisional.49,901
[Expand]Extra-RegioThe GVA for Extra-Regio comprises compensation of employees, holding gains and gross trading profits which cannot be assigned to regions.(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.3,655(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.14,856(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.-1(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.18,510(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.3,519(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.8,8270(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.12,346(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.3,215(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.8,890(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.0(r) The data item has been revised since previously published in StatsWales. The revision may not be reflected in the rounded value.12,105(p) The data item is provisional.3,805(p) The data item is provisional.12,295(p) The data item is provisional.-480(p) The data item is provisional.15,620

Metadata

General description

This dataset gives Gross Value Added (GVA) figures for UK regions, they include revisions to the figures published for the period 1998 to 2021 in April 2023.

Data collection and calculation

The dataset provides a breakdown of workplace-based regional GVA into the components of compensation of employees, other and total. Three different measures are available for each component, namely the GVA amounts in £ million, GVA per head and GVA per head indexed to UK = 100.
Regional GVA is calculated at current basic prices using the balanced approach. In 2017, the ONS used both the Income and the Production approach, to produce a single estimate of GVA known as the balanced (GVA (B)) approach. More details on how this has been developed and calculated can be found in their consultation response, which Knowledge and Analytical Services contributed to.
Data using the income approach is still available. This approach adds up all the income earned by resident individuals or corporations in the production of goods and services and is therefore the sum of uses in the generation of income account for the total economy (or alternatively the sum of primary incomes distributed by resident producer units) (National Accounts Concepts, Sources and Methods p206).

Frequency of publication

Annual

Data reference periods

1998 to 2022

Rounding applied

Figures are rounded and so there may be some apparent slight discrepancies between the sum of constituent items and the totals as shown.

Title

Regional Gross Value Added by component

Last update

1 May 2024 1 May 2024

Next update

To be announced

Publishing organisation

Welsh Government

Source 1

Regional Accounts, Office for National Statistics

Contact email

economic.stats@gov.wales

Designation

National Statistics

Lowest level of geographical disaggregation

UK regions

Geographical coverage

UK regions

Languages covered

English and Welsh

Data licensing

You may use and re-use this data free of charge in any format or medium, under the terms of the Open Government License - see http://www.nationalarchives.gov.uk/doc/open-government-licence

Statistical quality

Under the European System of Accounts 1995 (ESA95), the term Gross Value Added (GVA) is used to denote estimates that were previously known as Gross Domestic Product (GDP) at basic prices. Under ESA95 the term GDP denotes GVA plus taxes (less subsidies) on products i.e. at market prices. Regional Accounts publish figures at basic prices so have adopted the term GVA rather than GDP.
Regional GVA is measured in current prices, which means that increases over time reflect inflation as well as real growth. Trends in total or per head GVA cannot be analysed easily without deflating the data. However, there are no regional price indices that could be used to remove the effect of inflation from the figures. Comparison of trends can therefore be based either on the difference between regional increases at current prices or on movements relative to the UK average. Both approaches would be misleading if the rate of inflation in any region were different from the UK average.
Estimates of regional GVA at basic prices presented here are consistent with the 2015 edition of UK National Accounts - The Blue Book.

Keywords

GDP; GVA

Name

Econ0012