Gross value added by component, area and year
Contents
Standard shorthand is used in this table: [p] = provisional, [r] = revised, [t] = total.
| Data values | Data description | Year | Area |
|---|---|---|---|
| 61,023 [r] | GVA (balanced) £ million | 2016 | Wales |
| 134,155 [r] | GVA (balanced) £ million | 2016 | Scotland |
| 38,547 [r] | GVA (balanced) £ million | 2016 | Northern Ireland |
| 10,507 [r] | GVA (balanced) £ million | 2016 | Extra-regio |
| 1,856,764 [t] | GVA (balanced) £ million | 2017 | UK |
| 1,842,009 [r] [t] | GVA (balanced) £ million | 2017 | UK excluding Extra-Regio |
| 1,597,758 [r] [t] | GVA (balanced) £ million | 2017 | England |
| 52,719 [r] | GVA (balanced) £ million | 2017 | North East |
| 176,803 [r] | GVA (balanced) £ million | 2017 | North West |
| 120,022 [r] | GVA (balanced) £ million | 2017 | Yorkshire and the Humber |
| 104,692 [r] | GVA (balanced) £ million | 2017 | East Midlands |
| 136,041 [r] | GVA (balanced) £ million | 2017 | West Midlands |
| 158,305 [r] | GVA (balanced) £ million | 2017 | East of England |
| 441,034 [r] | GVA (balanced) £ million | 2017 | London |
| 270,866 [r] | GVA (balanced) £ million | 2017 | South East |
| 137,276 [r] | GVA (balanced) £ million | 2017 | South West |
| 63,140 [r] | GVA (balanced) £ million | 2017 | Wales |
| 140,881 [r] | GVA (balanced) £ million | 2017 | Scotland |
| 40,230 [r] | GVA (balanced) £ million | 2017 | Northern Ireland |
| 14,755 [r] | GVA (balanced) £ million | 2017 | Extra-regio |
| 1,920,289 [t] | GVA (balanced) £ million | 2018 | UK |
| 1,900,108 [r] [t] | GVA (balanced) £ million | 2018 | UK excluding Extra-Regio |
| 1,649,785 [r] [t] | GVA (balanced) £ million | 2018 | England |
| 53,545 [r] | GVA (balanced) £ million | 2018 | North East |
| 181,321 [r] | GVA (balanced) £ million | 2018 | North West |
| 123,795 [r] | GVA (balanced) £ million | 2018 | Yorkshire and the Humber |
| 109,384 [r] | GVA (balanced) £ million | 2018 | East Midlands |
| 140,713 [r] | GVA (balanced) £ million | 2018 | West Midlands |
| 161,802 [r] | GVA (balanced) £ million | 2018 | East of England |
| 457,797 [r] | GVA (balanced) £ million | 2018 | London |
| 280,390 [r] | GVA (balanced) £ million | 2018 | South East |
| 141,038 [r] | GVA (balanced) £ million | 2018 | South West |
| 65,445 [r] | GVA (balanced) £ million | 2018 | Wales |
| 143,492 [r] | GVA (balanced) £ million | 2018 | Scotland |
| 41,386 [r] | GVA (balanced) £ million | 2018 | Northern Ireland |
| 20,181 [r] | GVA (balanced) £ million | 2018 | Extra-regio |
| 1,995,708 [t] | GVA (balanced) £ million | 2019 | UK |
| 1,977,202 [r] [t] | GVA (balanced) £ million | 2019 | UK excluding Extra-Regio |
| 1,715,803 [r] [t] | GVA (balanced) £ million | 2019 | England |
| 56,060 [r] | GVA (balanced) £ million | 2019 | North East |
| 190,043 [r] | GVA (balanced) £ million | 2019 | North West |
| 128,503 [r] | GVA (balanced) £ million | 2019 | Yorkshire and the Humber |
| 113,395 [r] | GVA (balanced) £ million | 2019 | East Midlands |
| 143,711 [r] | GVA (balanced) £ million | 2019 | West Midlands |
| 168,571 [r] | GVA (balanced) £ million | 2019 | East of England |
| 472,257 [r] | GVA (balanced) £ million | 2019 | London |
| 296,235 [r] | GVA (balanced) £ million | 2019 | South East |
| 147,026 [r] | GVA (balanced) £ million | 2019 | South West |
| 68,327 [r] | GVA (balanced) £ million | 2019 | Wales |
| 149,254 [r] | GVA (balanced) £ million | 2019 | Scotland |
| 43,818 [r] | GVA (balanced) £ million | 2019 | Northern Ireland |
| 18,506 [r] | GVA (balanced) £ million | 2019 | Extra-regio |
| 1,897,155 [r] [t] | GVA (balanced) £ million | 2020 | UK |
| 1,884,947 [r] [t] | GVA (balanced) £ million | 2020 | UK excluding Extra-Regio |
| 1,636,307 [r] [t] | GVA (balanced) £ million | 2020 | England |
| 52,695 [r] | GVA (balanced) £ million | 2020 | North East |
| 185,588 [r] | GVA (balanced) £ million | 2020 | North West |
| 123,567 [r] | GVA (balanced) £ million | 2020 | Yorkshire and the Humber |
| 110,619 [r] | GVA (balanced) £ million | 2020 | East Midlands |
| 135,792 [r] | GVA (balanced) £ million | 2020 | West Midlands |
| 159,982 [r] | GVA (balanced) £ million | 2020 | East of England |
| 435,749 [r] | GVA (balanced) £ million | 2020 | London |
| 291,483 [r] | GVA (balanced) £ million | 2020 | South East |
| 140,831 [r] | GVA (balanced) £ million | 2020 | South West |
| 65,096 [r] | GVA (balanced) £ million | 2020 | Wales |
| 141,398 [r] | GVA (balanced) £ million | 2020 | Scotland |
| 42,146 [r] | GVA (balanced) £ million | 2020 | Northern Ireland |
| 12,208 [r] | GVA (balanced) £ million | 2020 | Extra-regio |
| 2,047,932 [r] [t] | GVA (balanced) £ million | 2021 | UK |
| 2,029,101 [r] [t] | GVA (balanced) £ million | 2021 | UK excluding Extra-Regio |
| 1,762,223 [r] [t] | GVA (balanced) £ million | 2021 | England |
| 57,240 [r] | GVA (balanced) £ million | 2021 | North East |
| 199,341 [r] | GVA (balanced) £ million | 2021 | North West |
| 137,374 [r] | GVA (balanced) £ million | 2021 | Yorkshire and the Humber |
| 118,965 [r] | GVA (balanced) £ million | 2021 | East Midlands |
| 146,778 [r] | GVA (balanced) £ million | 2021 | West Midlands |
| 173,622 [r] | GVA (balanced) £ million | 2021 | East of England |
| 468,464 [r] | GVA (balanced) £ million | 2021 | London |
| 303,748 [r] | GVA (balanced) £ million | 2021 | South East |
| 156,691 [r] | GVA (balanced) £ million | 2021 | South West |
| 68,348 [r] | GVA (balanced) £ million | 2021 | Wales |
| 151,916 [r] | GVA (balanced) £ million | 2021 | Scotland |
| 46,614 [r] | GVA (balanced) £ million | 2021 | Northern Ireland |
| 18,831 [r] | GVA (balanced) £ million | 2021 | Extra-regio |
| 2,266,082 [r] [t] | GVA (balanced) £ million | 2022 | UK |
| 2,228,798 [r] [t] | GVA (balanced) £ million | 2022 | UK excluding Extra-Regio |
| 1,936,254 [r] [t] | GVA (balanced) £ million | 2022 | England |
| 62,364 [r] | GVA (balanced) £ million | 2022 | North East |
| 221,845 [r] | GVA (balanced) £ million | 2022 | North West |
| 150,684 [r] | GVA (balanced) £ million | 2022 | Yorkshire and the Humber |
| 128,254 [r] | GVA (balanced) £ million | 2022 | East Midlands |
| 158,960 [r] | GVA (balanced) £ million | 2022 | West Midlands |
| 187,608 [r] | GVA (balanced) £ million | 2022 | East of England |
| 529,771 [r] | GVA (balanced) £ million | 2022 | London |
| 326,144 [r] | GVA (balanced) £ million | 2022 | South East |
| 170,624 [r] | GVA (balanced) £ million | 2022 | South West |
| 74,977 [r] | GVA (balanced) £ million | 2022 | Wales |
| 166,866 [r] | GVA (balanced) £ million | 2022 | Scotland |
| 50,701 [r] | GVA (balanced) £ million | 2022 | Northern Ireland |
| 37,284 [r] | GVA (balanced) £ million | 2022 | Extra-regio |
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Main information
- Most recent update
- 24 September 2025
- Next update expected
- April 2026
- Designation
- Accredited official statistics
- Data provider
- Office for National Statistics (ONS)
- Data source
- Regional accounts
- Time period covered
- January 1998 to December 2023
Data notes
- Rounding applied
Figures are rounded and so there may be some apparent slight discrepancies between the sum of constituent items and the totals as shown.
Overview
- Summary of dataset and variables
Gross Value Added (GVA) estimates the total output of an economy. This dataset provides a breakdown of GVA for Wales and the UK into the components of compensation of employees, other, and statistical discrepancy, by area and year.
- "Compensation of employees" comprises wages and salaries plus employers' social contributions.
- "Other" comprises gross operating surplus and mixed income. It comprises elements such as company profits and surpluses, income from self-employment and rental income.
- "Statistical discrepancy" is the statistical discrepancy between income components and balanced GVA.
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.
- Data collection or calculation
Regional GVA is calculated at current basic prices using the balanced approach.
- Statistical quality
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.
Estimates of sub-regional GVA at basic prices presented here are consistent with the 2024 edition of UK National Accounts - The Blue Book.
Revisions information:
Data for the latest year is provisional and previous years’ data have been revised.
- Related reports
- Welsh Government - Regional gross domestic product and gross value added (English)
- Welsh Government - Regional gross domestic product and gross value added (Welsh)
- ONS - Regional economic activity by gross domestic product (English)
- ONS - Regional economic activity by gross domestic product quality and methodology information (English)
Published by
- Organisation
- Welsh Government
- Contact email
- economic.stats@gov.wales