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
25,147 [r]Other £ million2014Wales
57,675 [r]Other £ million2014Scotland
16,574 [r]Other £ million2014Northern Ireland
12,937Other £ million2014Extra-regio
784,509 [t]Other £ million2015UK
778,507 [t]Other £ million2015UK excluding Extra-Regio
676,900 [r] [t]Other £ million2015England
21,403 [r]Other £ million2015North East
71,576 [r]Other £ million2015North West
47,474 [r]Other £ million2015Yorkshire and the Humber
42,820Other £ million2015East Midlands
53,772 [r]Other £ million2015West Midlands
66,469 [r]Other £ million2015East of England
193,280 [r]Other £ million2015London
121,912 [r]Other £ million2015South East
58,196 [r]Other £ million2015South West
26,068 [r]Other £ million2015Wales
58,558 [r]Other £ million2015Scotland
16,978 [r]Other £ million2015Northern Ireland
6,002Other £ million2015Extra-regio
813,015 [t]Other £ million2016UK
806,634 [t]Other £ million2016UK excluding Extra-Regio
703,408 [r] [t]Other £ million2016England
21,697 [r]Other £ million2016North East
74,006 [r]Other £ million2016North West
47,926 [r]Other £ million2016Yorkshire and the Humber
43,059 [r]Other £ million2016East Midlands
55,945 [r]Other £ million2016West Midlands
69,343 [r]Other £ million2016East of England
207,100 [r]Other £ million2016London
124,200 [r]Other £ million2016South East
60,132 [r]Other £ million2016South West
26,519 [r]Other £ million2016Wales
58,848 [r]Other £ million2016Scotland
17,860 [r]Other £ million2016Northern Ireland
6,381Other £ million2016Extra-regio
857,389 [t]Other £ million2017UK
846,428 [t]Other £ million2017UK excluding Extra-Regio
737,364 [r] [t]Other £ million2017England
22,294 [r]Other £ million2017North East
77,530 [r]Other £ million2017North West
50,989 [r]Other £ million2017Yorkshire and the Humber
44,917 [r]Other £ million2017East Midlands
59,300 [r]Other £ million2017West Midlands
74,968 [r]Other £ million2017East of England
213,382 [r]Other £ million2017London
130,329 [r]Other £ million2017South East
63,659 [r]Other £ million2017South West
27,861 [r]Other £ million2017Wales
62,942 [r]Other £ million2017Scotland
18,260 [r]Other £ million2017Northern Ireland
10,961Other £ million2017Extra-regio
878,334 [t]Other £ million2018UK
862,053 [t]Other £ million2018UK excluding Extra-Regio
751,976 [r] [t]Other £ million2018England
22,121 [r]Other £ million2018North East
76,317 [r]Other £ million2018North West
51,806 [r]Other £ million2018Yorkshire and the Humber
46,695Other £ million2018East Midlands
60,209 [r]Other £ million2018West Midlands
75,211 [r]Other £ million2018East of England
220,219 [r]Other £ million2018London
134,699 [r]Other £ million2018South East
64,700 [r]Other £ million2018South West
28,707 [r]Other £ million2018Wales
62,758 [r]Other £ million2018Scotland
18,613 [r]Other £ million2018Northern Ireland
16,281Other £ million2018Extra-regio
908,169 [t]Other £ million2019UK
893,313 [t]Other £ million2019UK excluding Extra-Regio
778,689 [r] [t]Other £ million2019England
23,060 [r]Other £ million2019North East
79,184 [r]Other £ million2019North West
53,912 [r]Other £ million2019Yorkshire and the Humber
48,321 [r]Other £ million2019East Midlands
61,167 [r]Other £ million2019West Midlands
78,184 [r]Other £ million2019East of England
223,970 [r]Other £ million2019London
143,123 [r]Other £ million2019South East
67,767 [r]Other £ million2019South West
29,635 [r]Other £ million2019Wales
65,152 [r]Other £ million2019Scotland
19,837 [r]Other £ million2019Northern Ireland
14,856Other £ million2019Extra-regio
804,187 [r] [t]Other £ million2020UK
795,466 [r] [t]Other £ million2020UK excluding Extra-Regio
696,438 [r] [t]Other £ million2020England
19,526 [r]Other £ million2020North East
73,986 [r]Other £ million2020North West
48,042 [r]Other £ million2020Yorkshire and the Humber
43,755 [r]Other £ million2020East Midlands
51,790 [r]Other £ million2020West Midlands
70,301 [r]Other £ million2020East of England
199,043 [r]Other £ million2020London
131,121 [r]Other £ million2020South East
58,876 [r]Other £ million2020South West
25,574 [r]Other £ million2020Wales
56,338 [r]Other £ million2020Scotland
17,366 [r]Other £ million2020Northern Ireland
8,721 [r]Other £ million2020Extra-regio
Showing 1,101 to 1,200 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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