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
-369 [p]	Statistical discrepancy £ million	2023	Extra-regio
-37 [p]	Statistical discrepancy £ million	2023	London
-3 [t]	Statistical discrepancy £ million	2000	UK
-3 [t]	Statistical discrepancy £ million	2000	UK excluding Extra-Regio
-2 [r]	Statistical discrepancy £ million	2000	North West
-2 [r]	Statistical discrepancy £ million	2000	Yorkshire and the Humber
-2 [r] [t]	Statistical discrepancy £ million	2000	England
-1	Statistical discrepancy £ million	2014	Wales
-1	Statistical discrepancy £ million	1999	Yorkshire and the Humber
-1	Statistical discrepancy £ million	2014	Yorkshire and the Humber
-1	Statistical discrepancy £ million	1998	East of England
-1 [r]	Statistical discrepancy £ million	1998	North West
-1 [r]	Statistical discrepancy £ million	2000	Wales
-1 [r]	Statistical discrepancy £ million	2014	North West
-1 [r]	Statistical discrepancy £ million	1999	North West
-1 [r]	Statistical discrepancy £ million	1999	East of England
-1 [r]	Statistical discrepancy £ million	1998	Wales
-1 [r] [t]	Statistical discrepancy £ million	1999	UK excluding Extra-Regio
-1 [r] [t]	Statistical discrepancy £ million	1999	England
-1 [r] [t]	Statistical discrepancy £ million	1998	UK
-1 [r] [t]	Statistical discrepancy £ million	1998	England
-1 [r] [t]	Statistical discrepancy £ million	1998	UK excluding Extra-Regio
-1 [t]	Statistical discrepancy £ million	1999	UK
0	Statistical discrepancy £ million	2013	East Midlands
0	Statistical discrepancy £ million	2000	East Midlands
0	Statistical discrepancy £ million	2005	North East
0	Statistical discrepancy £ million	2013	North East
0	Statistical discrepancy £ million	2012	Extra-regio
0	Statistical discrepancy £ million	2013	North West
0	Statistical discrepancy £ million	2002	Scotland
0	Statistical discrepancy £ million	2012	East Midlands
0	Statistical discrepancy £ million	2012	North East
0	Statistical discrepancy £ million	2012	West Midlands
0	Statistical discrepancy £ million	2011	South West
0	Statistical discrepancy £ million	2005	North West
0	Statistical discrepancy £ million	2011	Northern Ireland
0	Statistical discrepancy £ million	2012	East of England
0	Statistical discrepancy £ million	2014	East Midlands
0	Statistical discrepancy £ million	2011	North East
0	Statistical discrepancy £ million	2010	London
0	Statistical discrepancy £ million	2010	South East
0	Statistical discrepancy £ million	2011	North West
0	Statistical discrepancy £ million	2010	North East
0	Statistical discrepancy £ million	2002	Yorkshire and the Humber
0	Statistical discrepancy £ million	2010	South West
0	Statistical discrepancy £ million	2010	Northern Ireland
0	Statistical discrepancy £ million	2009	Northern Ireland
0	Statistical discrepancy £ million	2000	West Midlands
0	Statistical discrepancy £ million	2011	South East
0	Statistical discrepancy £ million	2010	East Midlands
0	Statistical discrepancy £ million	2011	Extra-regio
0	Statistical discrepancy £ million	1999	Scotland
0	Statistical discrepancy £ million	2012	North West
0	Statistical discrepancy £ million	2000	East of England
0	Statistical discrepancy £ million	2002	Extra-regio
0	Statistical discrepancy £ million	2009	North West
0	Statistical discrepancy £ million	2001	Yorkshire and the Humber
0	Statistical discrepancy £ million	2012	Wales
0	Statistical discrepancy £ million	2009	West Midlands
0	Statistical discrepancy £ million	2013	Yorkshire and the Humber
0	Statistical discrepancy £ million	2010	West Midlands
0	Statistical discrepancy £ million	2000	South East
0	Statistical discrepancy £ million	2011	East of England
0	Statistical discrepancy £ million	2003	East Midlands
0	Statistical discrepancy £ million	2008	West Midlands
0	Statistical discrepancy £ million	2008	East of England
0	Statistical discrepancy £ million	2007	South West
0	Statistical discrepancy £ million	2002	West Midlands
0	Statistical discrepancy £ million	2007	South East
0	Statistical discrepancy £ million	2007	Northern Ireland
0	Statistical discrepancy £ million	2008	London
0	Statistical discrepancy £ million	2006	Extra-regio
0	Statistical discrepancy £ million	2006	Scotland
0	Statistical discrepancy £ million	2007	Yorkshire and the Humber
0	Statistical discrepancy £ million	1998	Northern Ireland
0	Statistical discrepancy £ million	2008	North West
0	Statistical discrepancy £ million	2000	Northern Ireland
0	Statistical discrepancy £ million	2003	Extra-regio
0	Statistical discrepancy £ million	2001	East of England
0	Statistical discrepancy £ million	2008	Extra-regio
0	Statistical discrepancy £ million	2000	North East
0	Statistical discrepancy £ million	2006	London
0	Statistical discrepancy £ million	2007	West Midlands
0	Statistical discrepancy £ million	2009	Wales
0	Statistical discrepancy £ million	1999	West Midlands
0	Statistical discrepancy £ million	1998	Extra-regio
0	Statistical discrepancy £ million	2002	South West
0	Statistical discrepancy £ million	2001	South West
0	Statistical discrepancy £ million	2002	Northern Ireland
0	Statistical discrepancy £ million	2001	Northern Ireland
0	Statistical discrepancy £ million	2005	East of England
0	Statistical discrepancy £ million	2000	Extra-regio
0	Statistical discrepancy £ million	2005	Yorkshire and the Humber
0	Statistical discrepancy £ million	2004	Extra-regio
0	Statistical discrepancy £ million	2005	East Midlands
0	Statistical discrepancy £ million	2005	Wales
0	Statistical discrepancy £ million	1998	Yorkshire and the Humber
0	Statistical discrepancy £ million	1998	South West
0	Statistical discrepancy £ million	1998	Scotland
0	Statistical discrepancy £ million	2007	London

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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.