Gross Value Added by component, Welsh NUTS2 areas and year
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2013Metadata
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- Summary information
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Title
Sub-regional Gross Value Added by Welsh ITL areasLast update
July 2025Next update
To be announcedPublishing organisation
Welsh GovernmentSource 1
Regional Accounts, Office for National StatisticsContact email
economic.stats@gov.walesDesignation
National StatisticsLowest level of geographical disaggregation
EU NUTS3 regionsGeographical coverage
WalesLanguages covered
English and WelshData 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-licenceGeneral description
Regional GVA for Wales is allocated to ITL2 and ITL3 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.Frequency of publication
AnnualData reference periods
1998 to 2023Rounding applied
Figures are rounded and so there may be some apparent slight discrepancies between the sum of constituent items and the totals as shown.Revisions information
In 2025, ONS updated the International Territorial Levels (ITL) geography framework. This has led to changes to the sub-region classifications for Wales at the ITL2 and ITL3 levels.As such, we are unable to indicate which data have been revised from the 2024 update, revision notes will be reinstated with the 2026 publication.
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 GVA cannot be analysed easily without deflating the data. For analysing trends in GVA, we would advise using the chained volume measures published by ONS: https://www.ons.gov.uk/economy/grossvalueaddedgva/datasets/nominalandrealregionalgrossvalueaddedbalancedbyindustry
Estimates of sub-regional GVA at basic prices presented here are consistent with the 2024 edition of UK National Accounts - The Blue Book.
