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Data Provider: Welsh Government National Statistics Gross Value Added by component, Welsh NUTS2 areas and year
None
GVA Approach[Filtered]
Measure2
Year[Filtered]
Measure[Filter]
[Collapse]Area[Filter]
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[Collapse]Area 1
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Area 2
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£ million[Collapse]Wales37,39239,80941,99944,08446,71948,25947,75947,33848,18250,80152,12754,12555,15457,316(p) 59,585
Wales[Expand]West Wales and the Valleys20,79521,92623,37224,58726,14626,69326,77226,27726,91928,19528,96429,94330,76431,875(p) 33,064
[Expand]East Wales16,59617,88318,62719,49720,57321,56520,98721,06121,26322,60623,16324,18224,38925,442(p) 26,521
£ per head[Collapse]Wales12,79313,55114,20114,84715,64816,05315,78415,57715,79716,58116,95717,55917,83718,495(p) 19,140
Wales[Expand]West Wales and the Valleys11,17011,71712,41313,02413,78213,98813,96013,66913,96714,58214,93515,41415,79516,340(p) 16,887
[Expand]East Wales15,64016,77017,33418,02918,90019,64118,94018,86318,94120,00120,41321,21421,31322,155(p) 22,958
Index (UK=100)[Collapse]Wales72.973.273.673.373.872.670.270.971.173.472.973.171.272.2(p) 72.7
Wales[Expand]West Wales and the Valleys63.763.364.364.365.063.362.162.262.864.564.264.163.063.8(p) 64.1
[Expand]East Wales89.190.689.889.089.188.984.285.885.288.587.888.385.186.5(p) 87.2

Metadata

Title
Sub-regional Gross Value Added by Welsh NUTS areas

Last update
20 December 2017 20 December 2017

Next update
December 2018

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
EU NUTS3 regions

Geographical coverage
Wales

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

General description
Regional GVA for Wales is allocated to NUTS2 and NUTS3 areas within Wales, by industry, using workplace-based data.. Three different measures are available for each area, namely the GVA amounts in £ million, GVA per head and GVA per head indexed to UK = 100.

Data collection and calculation
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. The GVA (B) estimates are currently classed as “experimental statistics”.
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
1997 to 2016

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.

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.
Sub-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 sub-regional GVA at basic prices presented here are consistent with the 2015 edition of UK National Accounts - The Blue Book.

Weblinks
www.ons.gov.uk

Keywords
GDP; GVA