Sub-regional GVA
Inner London contributes highest GVA
Top and Bottom 5 Gross Value Added per head indices, 2007
Inner London contributed £171.6bn to the UK economy, measured in terms of gross value added (GVA), the highest contribution of any sub-region in 2007. Inner London also had the highest GVA per head of population, at £57,180. This compares to the UK average of £19,951 per head (UK less Extra-Regio). Inner London’s per head index of 286.6 (where UK=100) shows that its GVA per head is over two and a half times greater than the UK average.
West Wales and the Valleys had the lowest GVA per head index in 2007 (63.2). Its GVA per head was £12,617.
GVA increased in all sub-regions (NUTS2) and local areas (NUTS3) of the United Kingdom during the period 2006 to 2007. The strongest growth among all NUTS2 sub-regions over this period was 7.8 per cent in Inner London, followed by 6.8 per cent in East Anglia and Eastern Scotland. The sub-region with the weakest growth was Lancashire, which grew by 3.8 per cent.
Notes: Unless otherwise specified:
Gross value added (GVA) is a measure of economic activity valued in basic prices, which means it includes taxes (less subsidies) on production but excludes taxes (less subsidies) on products. Regional GVA estimates are at current 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 sub-regions (NUTS2 – mainly groups of counties and unitary authorities) and 133 local areas (NUTS3 – principally individual counties and unitary authorities). Estimates presented exclude Extra-Regio.
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Regional GVA