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
2,464,587 [p] [t]GVA (balanced) £ million2023UK
2,434,407 [p] [t]GVA (balanced) £ million2023UK excluding Extra-Regio
2,266,082 [r] [t]GVA (balanced) £ million2022UK
2,228,798 [r] [t]GVA (balanced) £ million2022UK excluding Extra-Regio
2,113,338 [p] [t]GVA (balanced) £ million2023England
2,047,932 [r] [t]GVA (balanced) £ million2021UK
2,029,101 [r] [t]GVA (balanced) £ million2021UK excluding Extra-Regio
1,995,708 [t]GVA (balanced) £ million2019UK
1,977,202 [r] [t]GVA (balanced) £ million2019UK excluding Extra-Regio
1,936,254 [r] [t]GVA (balanced) £ million2022England
1,920,289 [t]GVA (balanced) £ million2018UK
1,900,108 [r] [t]GVA (balanced) £ million2018UK excluding Extra-Regio
1,897,155 [r] [t]GVA (balanced) £ million2020UK
1,884,947 [r] [t]GVA (balanced) £ million2020UK excluding Extra-Regio
1,856,764 [t]GVA (balanced) £ million2017UK
1,842,009 [r] [t]GVA (balanced) £ million2017UK excluding Extra-Regio
1,774,630 [t]GVA (balanced) £ million2016UK
1,764,123 [r] [t]GVA (balanced) £ million2016UK excluding Extra-Regio
1,762,223 [r] [t]GVA (balanced) £ million2021England
1,715,803 [r] [t]GVA (balanced) £ million2019England
1,709,030 [t]GVA (balanced) £ million2015UK
1,698,525 [r] [t]GVA (balanced) £ million2015UK excluding Extra-Regio
1,660,753 [t]GVA (balanced) £ million2014UK
1,649,785 [r] [t]GVA (balanced) £ million2018England
1,643,112 [r] [t]GVA (balanced) £ million2014UK excluding Extra-Regio
1,636,307 [r] [t]GVA (balanced) £ million2020England
1,597,758 [r] [t]GVA (balanced) £ million2017England
1,589,831 [t]GVA (balanced) £ million2013UK
1,568,070 [r] [t]GVA (balanced) £ million2013UK excluding Extra-Regio
1,531,610 [t]GVA (balanced) £ million2012UK
1,530,398 [r] [t]GVA (balanced) £ million2016England
1,508,290 [r] [t]GVA (balanced) £ million2012UK excluding Extra-Regio
1,484,323 [t]GVA (balanced) £ million2011UK
1,471,488 [r] [t]GVA (balanced) £ million2015England
1,458,138 [r] [t]GVA (balanced) £ million2011UK excluding Extra-Regio
1,449,003 [t]GVA (balanced) £ million2010UK
1,442,023 [t]GVA (balanced) £ million2008UK
1,425,050 [r] [t]GVA (balanced) £ million2010UK excluding Extra-Regio
1,420,681 [r] [t]GVA (balanced) £ million2014England
1,415,110 [r] [t]GVA (balanced) £ million2008UK excluding Extra-Regio
1,410,178 [t]GVA (balanced) £ million2009UK
1,391,616 [r] [t]GVA (balanced) £ million2009UK excluding Extra-Regio
1,390,158 [t]GVA (balanced) £ million2007UK
1,367,553 [r] [t]GVA (balanced) £ million2007UK excluding Extra-Regio
1,353,914 [r] [t]GVA (balanced) £ million2013England
1,344,422 [p] [t]Compensation of employees £ million2023UK
1,341,282 [p] [t]Compensation of employees £ million2023UK excluding Extra-Regio
1,325,927 [t]GVA (balanced) £ million2006UK
1,302,547 [r] [t]GVA (balanced) £ million2006UK excluding Extra-Regio
1,302,471 [r] [t]GVA (balanced) £ million2012England
1,259,906 [t]GVA (balanced) £ million2005UK
1,258,947 [r] [t]GVA (balanced) £ million2011England
1,243,334 [r] [t]Compensation of employees £ million2022UK
1,239,857 [r] [t]Compensation of employees £ million2022UK excluding Extra-Regio
1,237,594 [r] [t]GVA (balanced) £ million2005UK excluding Extra-Regio
1,231,285 [r] [t]GVA (balanced) £ million2010England
1,220,682 [r] [t]GVA (balanced) £ million2008England
1,198,631 [r] [t]GVA (balanced) £ million2009England
1,189,413 [t]GVA (balanced) £ million2004UK
1,179,105 [r] [t]GVA (balanced) £ million2007England
1,170,386 [r] [t]GVA (balanced) £ million2004UK excluding Extra-Regio
1,159,993 [p] [t]Compensation of employees £ million2023England
1,154,623 [r] [t]Compensation of employees £ million2021UK
1,151,450 [r] [t]Compensation of employees £ million2021UK excluding Extra-Regio
1,132,892 [t]GVA (balanced) £ million2003UK
1,121,273 [r] [t]GVA (balanced) £ million2006England
1,119,447 [p] [t]Other £ million2023UK
1,115,143 [r] [t]GVA (balanced) £ million2003UK excluding Extra-Regio
1,092,718 [r] [t]Compensation of employees £ million2020UK
1,092,038 [p] [t]Other £ million2023UK excluding Extra-Regio
1,089,231 [r] [t]Compensation of employees £ million2020UK excluding Extra-Regio
1,087,539 [t]Compensation of employees £ million2019UK
1,083,888 [r] [t]Compensation of employees £ million2019UK excluding Extra-Regio
1,073,308 [r] [t]Compensation of employees £ million2022England
1,072,157 [t]GVA (balanced) £ million2002UK
1,066,852 [r] [t]GVA (balanced) £ million2005England
1,054,818 [r] [t]GVA (balanced) £ million2002UK excluding Extra-Regio
1,041,955 [t]Compensation of employees £ million2018UK
1,038,055 [r] [t]Compensation of employees £ million2018UK excluding Extra-Regio
1,031,117 [t]GVA (balanced) £ million2001UK
1,022,898 [r] [t]Other £ million2022UK
1,011,368 [r] [t]GVA (balanced) £ million2001UK excluding Extra-Regio
1,008,505 [r] [t]GVA (balanced) £ million2004England
999,375 [t]Compensation of employees £ million2017UK
995,581 [r] [t]Compensation of employees £ million2017UK excluding Extra-Regio
995,032 [r] [t]Compensation of employees £ million2021England
989,091 [r] [t]Other £ million2022UK excluding Extra-Regio
987,515 [t]GVA (balanced) £ million2000UK
967,452 [t]GVA (balanced) £ million2000UK excluding Extra-Regio
962,600 [r] [t]GVA (balanced) £ million2003England
961,615 [t]Compensation of employees £ million2016UK
957,489 [r] [t]Compensation of employees £ million2016UK excluding Extra-Regio
952,415 [p] [t]Other £ million2023England
939,868 [r] [t]Compensation of employees £ million2020England
937,113 [r] [t]Compensation of employees £ million2019England
936,185 [t]GVA (balanced) £ million1999UK
924,522 [r] [t]Compensation of employees £ million2015UK
922,815 [t]GVA (balanced) £ million1999UK excluding Extra-Regio
920,018 [t]Compensation of employees £ million2015UK excluding Extra-Regio
911,524 [r] [t]GVA (balanced) £ million2002England
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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