Top 5 and Bottom 5 GVA per head of population, indexed to UK=100, 2006
Inner London contributed £157bn to the UK economy, measured as gross value added (GVA), in 2006. Inner London also had the highest GVA per head of population, at £52,857. This compares to the UK average of £18,945 per head. Inner London’s per head index of 279 (where UK=100) shows that its GVA per head is over two and a half times greater than the UK average, as has been the case for ten years.
Cornwall and Isles of Scilly had the lowest GVA per head index in 2006 (63). Its GVA per head was £11,939.
GVA increased in all sub-regions (NUTS2) and local areas (NUTS3) of the United Kingdom during the period 2005 to 2006. The strongest growth among all NUTS2 regions over this period was 6.9 per cent in Highlands and Islands, followed by 6.8 per cent in Inner London. The slowest-growing sub-region was Lincolnshire, which grew by 3.8 per cent.
Notes: Unless otherwise specified: Gross value added (GVA) is a measure of economic activity which includes taxes (less subsidies) on production but excludes taxes (less subsidies) on products. It is measured at basic prices, which means it does not capture differences in regional price levels. Regional GVA estimates are at current basic prices; therefore they do not allow for changes in prices over time (inflation).
GVA estimates are available for 12 regions and countries of the UK plus Extra-Regio (off-shore GVA that cannot be assigned to any region), 37 local areas (NUTS2 – mainly groups of counties and unitary authorities) and 133 sub-areas (NUTS3 – principally individual counties and unitary authorities). Estimates presented exclude Extra-Regio.
printer-friendly
Regional GVA Press Release