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Productivity and Economic Growth
Gross value added (GVA) is the value of goods and services produced in an area, industry, or sector of an economy and is used to measure the value of the economy due to the production of goods and services over time.
Key points from the latest available data (2017):
Chart 1: GVA per head at current basic prices, 2017
Source: Office for National Statistics
1 GVA(I) (Income) per head can be a useful way of comparing regions of different size, comparisons can be affected by commuting flows into or out of the region
2 Labour Productivity is a measure of the size of the input (labour) compared to the size of the output (£GVA). The most common measure is GVA per head of population, but the labour input can be measured in different ways.
3 Made up of: Wholesale and retail trade; repair of motor vehicles, transportation and storage and accommodation and food services activities
4 Made up of: Food products, beverages and tobacco, textiles, wearing apparel and leather products, wood and paper products and printing, coke and refined petroleum products, chemicals and chemical products, basic pharmaceutical products and preparations, rubber and plastic products, basic metals and metal products, computer, electronic and optical products, electrical equipment, Machinery and equipment not elsewhere classified, transport equipment, other manufacturing and repair
5 Made up of: public administration and defence; compulsory social security; education; health and social work; other community, social and personal service activities; and private households with employed persons
6 Made up of: agriculture, forestry and fishing, mining and quarrying, electricity, gas steam and air-conditioning supply and water supply, sewerage and waste management
Last updated: Tuesday, February 12, 2019