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Regional Accounts 1998: Part 1 : Regional Gross Domestic Product and Consumption Expenditure
Presents provisional estimates of regional GDP at basic prices and regional individual consumption expenditure (ICE).
This article presents provisional estimates of regional gross domestic product (GDP) at basic prices and regional individual consumption expenditure (ICE), first published in a National Statistics news release on 27 June 2000. There have been significant conceptual and methodological changes since regional GDP estimates were published in 1999, and thus these estimates cannot be directly compared with previously published figures. The effects of the changes in methodology are discussed in the section on revisions. These figures are, therefore, published on a consultative basis, and comments are welcome. 1997 and 1998 figures may change as more data become available.
The provisional estimates for 1998 show that:
GDP per head of London and the South East, relative to the UK average, each rose by about 2 percentage points, whilst all other regions fell or remained about the same (Table 1).
London and the South East, each at 16 per cent of the UK total, accounted for around a third of the UKs GDP (Table 1).
London, the South East and East were the only regions to increase their share of UK individual consumption expenditure in 1998 (Table 3).
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