Gross value added by component, area and year

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

Data values	Data description	Year	Area
2,464,587 [p] [t]	GVA (balanced) £ million	2023	UK
2,434,407 [p] [t]	GVA (balanced) £ million	2023	UK excluding Extra-Regio
2,113,338 [p] [t]	GVA (balanced) £ million	2023	England
68,891 [p]	GVA (balanced) £ million	2023	North East
243,386 [p]	GVA (balanced) £ million	2023	North West
163,826 [p]	GVA (balanced) £ million	2023	Yorkshire and the Humber
139,722 [p]	GVA (balanced) £ million	2023	East Midlands
174,608 [p]	GVA (balanced) £ million	2023	West Midlands
205,310 [p]	GVA (balanced) £ million	2023	East of England
577,141 [p]	GVA (balanced) £ million	2023	London
354,501 [p]	GVA (balanced) £ million	2023	South East
185,952 [p]	GVA (balanced) £ million	2023	South West
81,458 [p]	GVA (balanced) £ million	2023	Wales
183,471 [p]	GVA (balanced) £ million	2023	Scotland
56,141 [p]	GVA (balanced) £ million	2023	Northern Ireland
30,180 [p]	GVA (balanced) £ million	2023	Extra-regio
457,755 [r] [t]	Compensation of employees £ million	1998	UK
454,753 [r] [t]	Compensation of employees £ million	1998	UK excluding Extra-Regio
392,517 [r] [t]	Compensation of employees £ million	1998	England
15,517	Compensation of employees £ million	1998	North East
46,299 [r]	Compensation of employees £ million	1998	North West
33,152 [r]	Compensation of employees £ million	1998	Yorkshire and the Humber
27,515 [r]	Compensation of employees £ million	1998	East Midlands
38,232 [r]	Compensation of employees £ million	1998	West Midlands
37,100 [r]	Compensation of employees £ million	1998	East of England
96,441 [r]	Compensation of employees £ million	1998	London
65,904 [r]	Compensation of employees £ million	1998	South East
32,356 [r]	Compensation of employees £ million	1998	South West
16,263 [r]	Compensation of employees £ million	1998	Wales
36,656 [r]	Compensation of employees £ million	1998	Scotland
9,316 [r]	Compensation of employees £ million	1998	Northern Ireland
3,002	Compensation of employees £ million	1998	Extra-regio
494,842 [r] [t]	Compensation of employees £ million	1999	UK
491,629 [r] [t]	Compensation of employees £ million	1999	UK excluding Extra-Regio
424,860 [r] [t]	Compensation of employees £ million	1999	England
16,313 [r]	Compensation of employees £ million	1999	North East
49,992 [r]	Compensation of employees £ million	1999	North West
35,253 [r]	Compensation of employees £ million	1999	Yorkshire and the Humber
29,332 [r]	Compensation of employees £ million	1999	East Midlands
40,591 [r]	Compensation of employees £ million	1999	West Midlands
40,094 [r]	Compensation of employees £ million	1999	East of England
106,614	Compensation of employees £ million	1999	London
71,886 [r]	Compensation of employees £ million	1999	South East
34,786 [r]	Compensation of employees £ million	1999	South West
17,370 [r]	Compensation of employees £ million	1999	Wales
39,273 [r]	Compensation of employees £ million	1999	Scotland
10,126 [r]	Compensation of employees £ million	1999	Northern Ireland
3,213	Compensation of employees £ million	1999	Extra-regio
531,548 [t]	Compensation of employees £ million	2000	UK
528,039 [t]	Compensation of employees £ million	2000	UK excluding Extra-Regio
456,721 [r] [t]	Compensation of employees £ million	2000	England
17,109 [r]	Compensation of employees £ million	2000	North East
52,444 [r]	Compensation of employees £ million	2000	North West
36,820 [r]	Compensation of employees £ million	2000	Yorkshire and the Humber
30,519 [r]	Compensation of employees £ million	2000	East Midlands
42,531 [r]	Compensation of employees £ million	2000	West Midlands
43,254 [r]	Compensation of employees £ million	2000	East of England
118,896 [r]	Compensation of employees £ million	2000	London
78,039 [r]	Compensation of employees £ million	2000	South East
37,109 [r]	Compensation of employees £ million	2000	South West
18,565 [r]	Compensation of employees £ million	2000	Wales
41,955 [r]	Compensation of employees £ million	2000	Scotland
10,798 [r]	Compensation of employees £ million	2000	Northern Ireland
3,509	Compensation of employees £ million	2000	Extra-regio
565,818 [t]	Compensation of employees £ million	2001	UK
562,135 [r] [t]	Compensation of employees £ million	2001	UK excluding Extra-Regio
485,441 [r] [t]	Compensation of employees £ million	2001	England
18,017 [r]	Compensation of employees £ million	2001	North East
56,504 [r]	Compensation of employees £ million	2001	North West
39,717 [r]	Compensation of employees £ million	2001	Yorkshire and the Humber
32,789 [r]	Compensation of employees £ million	2001	East Midlands
45,066 [r]	Compensation of employees £ million	2001	West Midlands
46,673 [r]	Compensation of employees £ million	2001	East of England
123,931 [r]	Compensation of employees £ million	2001	London
82,468 [r]	Compensation of employees £ million	2001	South East
40,277 [r]	Compensation of employees £ million	2001	South West
19,482 [r]	Compensation of employees £ million	2001	Wales
45,581 [r]	Compensation of employees £ million	2001	Scotland
11,631 [r]	Compensation of employees £ million	2001	Northern Ireland
3,683 [r]	Compensation of employees £ million	2001	Extra-regio
579,634 [r] [t]	Compensation of employees £ million	2002	UK
576,001 [r] [t]	Compensation of employees £ million	2002	UK excluding Extra-Regio
497,613 [r] [t]	Compensation of employees £ million	2002	England
18,933 [r]	Compensation of employees £ million	2002	North East
59,152 [r]	Compensation of employees £ million	2002	North West
41,670 [r]	Compensation of employees £ million	2002	Yorkshire and the Humber
33,664 [r]	Compensation of employees £ million	2002	East Midlands
45,367 [r]	Compensation of employees £ million	2002	West Midlands
47,698 [r]	Compensation of employees £ million	2002	East of England
124,926 [r]	Compensation of employees £ million	2002	London
84,634 [r]	Compensation of employees £ million	2002	South East
41,570 [r]	Compensation of employees £ million	2002	South West
20,134 [r]	Compensation of employees £ million	2002	Wales
46,020 [r]	Compensation of employees £ million	2002	Scotland
12,234 [r]	Compensation of employees £ million	2002	Northern Ireland
3,633 [r]	Compensation of employees £ million	2002	Extra-regio
610,848 [t]	Compensation of employees £ million	2003	UK
607,245 [r] [t]	Compensation of employees £ million	2003	UK excluding Extra-Regio
523,642 [r] [t]	Compensation of employees £ million	2003	England
19,816 [r]	Compensation of employees £ million	2003	North East

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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

Metadata

The metadata for this dataset is not included when you download the data. You can download this separately. This contains all the information from the 'About this dataset' tab.