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Regional Gross Value Added and Sub-regional Gross Value Added for 2011

The latest National Statistics on regional Gross Value Added produced by the Office for National Statistics were released on 12 December 2012 according to the arrangements approved by the UK Statistics Authority.

UK Statistics Authority website Statistics on Regional Gross Value Added and sub-regional Gross Value Added for 2011 include data for Wales and sub-Wales regions. The latest release updates the statistics previously released on 14 December 2011.

The key points from the latest release are:

  • Total headline GVA in Wales in 2011 was £47.3 billion, up 2.2 per cent on 2010, GVA for the UK (excluding extra-regio) rose by 2.3 per cent.
  • Headline GVA per head in Wales in 2011 was £15,696, up 1.9 per cent on 2010, whilst GVA per head for the UK (excluding extra-regio) rose by 1.4 per cent.
  • GVA per head in Wales in 2011 was 75.2 per cent of the UK average, the lowest amongst the devolved countries and English regions but up 0.3 percentage points over the year.
  • The NUTS2 estimates for 2011 show headline GVA per head in East Wales and West Wales and the Valleys at 92.5 per cent and 65.0 per cent of the UK average respectively.

This will be the final release which uses the smoothed headline data. In future the ONS will be leading with unsmoothed data, more information can be found in the ONS release under future work plans.

Further information

Office for National Statistics website.

StatsWales website.

Contact

Tel: 029 2082 5017
E-mail: economic.stats@wales.gsi.gov.uk

Next update

December 2013 (provisional - to be confirmed on 'Due out Soon' page)