Regional gross value added and sub-regional gross value added: 1998 to 2017

The Office for National Statistics (ONS) has produced a single estimate of gross value added (GVA) known as the balanced (GVA(B)) approach, using the strengths of both the income and production approaches. These estimates are now the ONS’ official GVA approach.

Main points

• Total GVA(B) in Wales in 2017 was £62.2 billion, up 3.1% on 2016. GVA for the UK (excluding extra-regio) rose by 3.5%.
• Since 2009, total GVA in Wales has increased by 30.2%. This is the fourth highest increase of the 12 UK countries and English regions.
• GVA per head in Wales in 2017 was £19,899, up 2.7% on 2016. This is the eighth highest increase over the year of the 12 UK countries and English regions. GVA per head for the UK (excluding extra-regio) rose by 2.9%.
• GVA per head in Wales has increased by 26.6% between 2009 and 2017. This is the third largest increase of the 12 UK countries and English regions.
• GVA per head in Wales in 2017 was 72.9% of the UK figure (excluding extra-regio), the lowest of the UK countries and English regions. This was down 0.1 percentage points over the year.
• In East Wales GVA per head was 89.9% of the UK figure, while in West Wales and the Valleys it was 62.8% of the UK figure.
• Other lower geographical areas are available from ONS including NUTS 3 local areas, local authorities, and city regions.