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Title
Gross Value Added (GVA) by Welsh economic regionLast 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
Local authoritiesGeographical 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
Data for 2023 are provisional and previous years data have been revised.The dataset provides a breakdown of total workplace-based GVA for the Welsh economic regions. 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.
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 economic regions, as set out in Welsh Government’s Economic Action Plan, are made up of the following local authorities:
Mid and South West Wales: Pembrokeshire, Carmarthenshire, Swansea, Neath Port Talbot, Powys and Ceredigion.
South East Wales: Bridgend, The Vale of Glamorgan, Cardiff, Rhondda Cynon Taff, Merthyr Tydfil, Caerphilly, Blaenau Gwent, Torfaen, Monmouthshire and Newport.
North Wales: Isle of Anglesey, Gwynedd, Conwy, Denbighshire, Flintshire and Wrexham.
The region of Mid & South West Wales was formerly split into the following two economic regions:
Mid Wales: Powys and Ceredigion.
South West Wales: Pembrokeshire, Carmarthenshire, Swansea and Neath Port Talbot.
Within this previous split of the Welsh economic regions, part of Gwynedd local authority (the former district of Meirionydd) lay in the Mid Wales economic region, although this is not represented in the data.
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.Keywords
GVAStatistical 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. 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 regional GVA at basic prices presented here are consistent with the 2024 edition of UK National Accounts - The Blue Book.