Gross Value Added

Regional Gross Value Added (GVA) provides an annual estimate of the value of the economy across the different regions and sub-regions (NUTS 2 and 3 areas) of the UK. GVA was previously known as Gross Domestic Product (GDP) at basic prices, but at a regional level in the UK, figures are only produced at basic prices, so GVA is now the term given to the measure of the value of the economy at a regional level.