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
0 [r]Statistical discrepancy £ million1999Extra-regio
0 [r]Statistical discrepancy £ million2018Extra-regio
22,673Other £ million2008Extra-regio
0Statistical discrepancy £ million1998Extra-regio
0Statistical discrepancy £ million2008Extra-regio
0Statistical discrepancy £ million2017Extra-regio
16,554Other £ million2000Extra-regio
18,007Other £ million2007Extra-regio
6,002Other £ million2015Extra-regio
27,409 [p]Other £ million2023Extra-regio
0Statistical discrepancy £ million2003Extra-regio
0 [r]Statistical discrepancy £ million2007Extra-regio
0Statistical discrepancy £ million2011Extra-regio
0Statistical discrepancy £ million2016Extra-regio
3,477 [r]Compensation of employees £ million2022Extra-regio
10,158Other £ million1999Extra-regio
13,705Other £ million2002Extra-regio
18,979Other £ million2006Extra-regio
18,530Other £ million2012Extra-regio
12,937Other £ million2014Extra-regio
10,961Other £ million2017Extra-regio
33,807 [r]Other £ million2022Extra-regio
3,794 [r]Compensation of employees £ million2017Extra-regio
0Statistical discrepancy £ million2002Extra-regio
0Statistical discrepancy £ million2004Extra-regio
0Statistical discrepancy £ million2006Extra-regio
3,487 [r]Compensation of employees £ million2020Extra-regio
0 [r]Statistical discrepancy £ million2010Extra-regio
0 [r]Statistical discrepancy £ million2013Extra-regio
0 [r]Statistical discrepancy £ million2015Extra-regio
4,321 [r]Compensation of employees £ million2009Extra-regio
3,173 [r]Compensation of employees £ million2021Extra-regio
3,140 [p]Compensation of employees £ million2023Extra-regio
8,898Other £ million1998Extra-regio
4,599 [r]Compensation of employees £ million2007Extra-regio
16,065Other £ million2001Extra-regio
14,146Other £ million2003Extra-regio
18,437Other £ million2005Extra-regio
14,240Other £ million2009Extra-regio
21,465Other £ million2011Extra-regio
4,721 [r]Compensation of employees £ million2011Extra-regio
16,973Other £ million2013Extra-regio
4,704 [r]Compensation of employees £ million2014Extra-regio
6,381Other £ million2016Extra-regio
14,856Other £ million2019Extra-regio
15,657 [r]Other £ million2021Extra-regio
19,027 [r]GVA (balanced) £ million2004Extra-regio
3,646 [r]Compensation of employees £ million2004Extra-regio
0Statistical discrepancy £ million2000Extra-regio
0 [r]Statistical discrepancy £ million2001Extra-regio
10,507 [r]GVA (balanced) £ million2016Extra-regio
3,633 [r]Compensation of employees £ million2002Extra-regio
0 [r]Statistical discrepancy £ million2005Extra-regio
23,380 [r]GVA (balanced) £ million2006Extra-regio
18,831 [r]GVA (balanced) £ million2021Extra-regio
3,900 [r]Compensation of employees £ million2018Extra-regio
0 [r]Statistical discrepancy £ million2009Extra-regio
26,185 [r]GVA (balanced) £ million2011Extra-regio
0Statistical discrepancy £ million2012Extra-regio
3,603 [r]Compensation of employees £ million2003Extra-regio
3,651 [r]Compensation of employees £ million2019Extra-regio
0 [r]Statistical discrepancy £ million2014Extra-regio
19,749 [r]GVA (balanced) £ million2001Extra-regio
13,370GVA (balanced) £ million1999Extra-regio
11,900GVA (balanced) £ million1998Extra-regio
4,504Compensation of employees £ million2015Extra-regio
14,755 [r]GVA (balanced) £ million2017Extra-regio
3,876 [r]Compensation of employees £ million2005Extra-regio
18,562 [r]GVA (balanced) £ million2009Extra-regio
37,284 [r]GVA (balanced) £ million2022Extra-regio
3,002Compensation of employees £ million1998Extra-regio
30,180 [p]GVA (balanced) £ million2023Extra-regio
4,401 [r]Compensation of employees £ million2006Extra-regio
17,641 [r]GVA (balanced) £ million2014Extra-regio
4,240 [r]Compensation of employees £ million2008Extra-regio
20,181 [r]GVA (balanced) £ million2018Extra-regio
22,605 [r]GVA (balanced) £ million2007Extra-regio
15,382Other £ million2004Extra-regio
17,339 [r]GVA (balanced) £ million2002Extra-regio
23,953 [r]GVA (balanced) £ million2010Extra-regio
3,683 [r]Compensation of employees £ million2001Extra-regio
19,344Other £ million2010Extra-regio
18,506 [r]GVA (balanced) £ million2019Extra-regio
22,312 [r]GVA (balanced) £ million2005Extra-regio
3,213Compensation of employees £ million1999Extra-regio
4,608 [r]Compensation of employees £ million2010Extra-regio
3,509Compensation of employees £ million2000Extra-regio
4,790 [r]Compensation of employees £ million2012Extra-regio
10,505 [r]GVA (balanced) £ million2015Extra-regio
12,208 [r]GVA (balanced) £ million2020Extra-regio
16,281Other £ million2018Extra-regio
23,320 [r]GVA (balanced) £ million2012Extra-regio
4,789 [r]Compensation of employees £ million2013Extra-regio
8,721 [r]Other £ million2020Extra-regio
17,749 [r]GVA (balanced) £ million2003Extra-regio
20,063GVA (balanced) £ million2000Extra-regio
26,913 [r]GVA (balanced) £ million2008Extra-regio
21,761 [r]GVA (balanced) £ million2013Extra-regio
4,126 [r]Compensation of employees £ million2016Extra-regio
0 [r]Statistical discrepancy £ million2019Extra-regio
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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