Gross value added by component, area and year

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Standard shorthand is used in this table: [p] = provisional, [r] = revised, [t] = total.

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Data valuesData descriptionYearArea
-3 [t]Statistical discrepancy £ million2000UK
0 [t]Statistical discrepancy £ million2018UK
623,120 [t]Other £ million2009UK
-1 [t]Statistical discrepancy £ million1999UK
0 [t]Statistical discrepancy £ million2010UK
0 [t]Statistical discrepancy £ million2017UK
441,345 [t]Other £ million1999UK
646,267 [t]Other £ million2008UK
784,509 [t]Other £ million2015UK
-1 [r] [t]Statistical discrepancy £ million1998UK
0 [t]Statistical discrepancy £ million2006UK
0 [t]Statistical discrepancy £ million2009UK
0 [t]Statistical discrepancy £ million2015UK
0 [t]Statistical discrepancy £ million2016UK
795,756 [t]Compensation of employees £ million2008UK
442,037 [t]Other £ million1998UK
492,523 [t]Other £ million2002UK
610,009 [t]Other £ million2007UK
894,857 [r] [t]Compensation of employees £ million2014UK
765,896 [t]Other £ million2014UK
878,334 [t]Other £ million2018UK
1,119,447 [p] [t]Other £ million2023UK
0 [t]Statistical discrepancy £ million2003UK
0 [t]Statistical discrepancy £ million2005UK
0 [t]Statistical discrepancy £ million2007UK
0 [t]Statistical discrepancy £ million2008UK
0 [t]Statistical discrepancy £ million2012UK
0 [r] [t]Statistical discrepancy £ million2014UK
2,266,082 [r] [t]GVA (balanced) £ million2022UK
1,092,718 [r] [t]Compensation of employees £ million2020UK
1,410,178 [t]GVA (balanced) £ million2009UK
2,464,587 [p] [t]GVA (balanced) £ million2023UK
1,243,334 [r] [t]Compensation of employees £ million2022UK
1,344,422 [p] [t]Compensation of employees £ million2023UK
465,299 [t]Other £ million2001UK
494,842 [r] [t]Compensation of employees £ million1999UK
522,044 [t]Other £ million2003UK
594,725 [t]Other £ million2006UK
579,634 [r] [t]Compensation of employees £ million2002UK
806,826 [r] [t]Compensation of employees £ million2010UK
660,117 [t]Other £ million2011UK
716,909 [t]Other £ million2013UK
839,768 [t]Compensation of employees £ million2012UK
857,389 [t]Other £ million2017UK
804,187 [r] [t]Other £ million2020UK
1,022,898 [r] [t]Other £ million2022UK
0 [t]Statistical discrepancy £ million2001UK
0 [r] [t]Statistical discrepancy £ million2002UK
999,375 [t]Compensation of employees £ million2017UK
0 [r] [t]Statistical discrepancy £ million2004UK
1,087,539 [t]Compensation of employees £ million2019UK
610,848 [t]Compensation of employees £ million2003UK
1,531,610 [t]GVA (balanced) £ million2012UK
1,041,955 [t]Compensation of employees £ million2018UK
652,853 [r] [t]Compensation of employees £ million2004UK
0 [t]Statistical discrepancy £ million2011UK
0 [t]Statistical discrepancy £ million2013UK
1,660,753 [t]GVA (balanced) £ million2014UK
1,856,764 [t]GVA (balanced) £ million2017UK
1,325,927 [t]GVA (balanced) £ million2006UK
1,449,003 [t]GVA (balanced) £ million2010UK
1,259,906 [t]GVA (balanced) £ million2005UK
899,791 [t]GVA (balanced) £ million1998UK
1,072,157 [t]GVA (balanced) £ million2002UK
987,515 [t]GVA (balanced) £ million2000UK
1,920,289 [t]GVA (balanced) £ million2018UK
936,185 [t]GVA (balanced) £ million1999UK
2,047,932 [r] [t]GVA (balanced) £ million2021UK
1,995,708 [t]GVA (balanced) £ million2019UK
1,484,323 [t]GVA (balanced) £ million2011UK
690,874 [t]Compensation of employees £ million2005UK
455,970 [t]Other £ million2000UK
1,442,023 [t]GVA (balanced) £ million2008UK
457,755 [r] [t]Compensation of employees £ million1998UK
731,202 [t]Compensation of employees £ million2006UK
780,149 [t]Compensation of employees £ million2007UK
536,560 [t]Other £ million2004UK
569,032 [t]Other £ million2005UK
1,774,630 [t]GVA (balanced) £ million2016UK
1,132,892 [t]GVA (balanced) £ million2003UK
565,818 [t]Compensation of employees £ million2001UK
1,709,030 [t]GVA (balanced) £ million2015UK
787,058 [t]Compensation of employees £ million2009UK
642,177 [r] [t]Other £ million2010UK
691,842 [t]Other £ million2012UK
531,548 [t]Compensation of employees £ million2000UK
1,589,831 [t]GVA (balanced) £ million2013UK
1,897,155 [r] [t]GVA (balanced) £ million2020UK
824,206 [t]Compensation of employees £ million2011UK
813,015 [t]Other £ million2016UK
872,922 [t]Compensation of employees £ million2013UK
908,169 [t]Other £ million2019UK
893,309 [r] [t]Other £ million2021UK
1,390,158 [t]GVA (balanced) £ million2007UK
1,154,623 [r] [t]Compensation of employees £ million2021UK
1,189,413 [t]GVA (balanced) £ million2004UK
1,031,117 [t]GVA (balanced) £ million2001UK
924,522 [r] [t]Compensation of employees £ million2015UK
961,615 [t]Compensation of employees £ million2016UK
0 [t]Statistical discrepancy £ million2019UK
Showing 1 to 100 of 1,664 rows
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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

Published by

Organisation
Welsh Government
Contact email
economic.stats@gov.wales

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