Mid and East Antrim (Northern Ireland), at negative 10.1%, Walsall (West Midlands), at negative 8.9%, Shetland Islands (Scotland), at negative 7.7%, NUTS1: Wales, Scotland, Northern Ireland and the nine English regions, NUTS2: 41 subregions - mainly groups of counties and unitary authorities, NUTS3: 179 local areas - principally individual counties and unitary authorities, LAU1: 382 local authority or local council areas, the term Extra-Regio is applied to economic activity that cannot be assigned to any specific region within a country. The UK totals are consistent with the UK National Accounts, The Blue Book: 2019.
Top Losers in 2019 : At current prices, Out of 192 economies estimated by IMF, GDP per capita of 91 economies have decreased in 2019.
The largest percentage increases were in: "Real" GDP decreased in 56 local areas. At the UK level, there were a number of decreases in industry groupings. "Real" GDP increased in 120 of the 179 NUTS3 local areas between 2017 and 2018. Although there are 392 areas listed at the LAU1 level, these include a further division of Scottish Council areas to enable aggregation to NUTS3 local areas.
The UK is expected to fall to the seventh-largest economy by 2023 with a GDP of $3.27 trillion. Our World in Data is free and accessible for everyone. Further details on the methods used to produce GVA(B) are included in Development of a balanced measure of regional gross value added (PDF, 267KB). The two quality metrics are used to calculate a weighted arithmetic mean of the income and production estimates to produce a single regional GVA estimate. Please note that these delays only affect publication of the annual estimates of regional GDP and outputs that use these estimates in their own compilations, such as the annual regional and sub-regional productivity releases.
The analysis presents results for NUTS1 countries and regions with an industry breakdown by Standard Industrial Classification (SIC) section. For GVA(I), similarly to GVA(P), regional proportions are used to allocate the UK total for each industry, but in this case for the income components of GVA and for a reduced set of aggregated industries. We have published the aggregate quality metrics that are used to inform the weighted arithmetic mean of the two estimates in balanced regional GVA. Per head figures exclude Extra-Regio: the off-shore contribution to GDP that cannot be assigned to any region. National accounts supply and use tables (SUT) provide national totals for 112 industry components. As we do not have an industrial breakdown for regional gross domestic product (GDP), we can use the gross value added (balanced) (GVA(B)) estimates to understand the industry movements. It estimates the size of and growth in the economy. Although they cover the same area, estimates for the GLA and London LEP may differ slightly from those for the London NUTS1 region, due to rounding. For such areas, it is advisable to refer to ONS sub-regional productivity data for a direct measure of economic performance. For 2018, this national estimate is a simple average (mean) of the three measures: income, output and expenditure.
A series that shows changes in price and can be used to convert nominal values into "real" values, which are adjusted for the effects of inflation. All estimates, by definition, are subject to statistical error but in this context the word refers to the uncertainty in any process or calculation that uses sampling, estimation or modelling. This provides users with a breakdown of the GVA(I) and gross value added production (GVA(P)) data into data collected directly on a regional basis, data estimated using standard sampling and weighting techniques, and data modelled using apportionment of higher-level aggregates or other proxy measures.
Hide. Constant price GVA(B) is derived by deflating the current price estimates for each of the 112 industries using national industry deflators obtained from the UK gross domestic product (output) system. GDP, UK regions and countries Bulletin | Released 30 October 2019 Quarterly economic activity within the countries of the UK (England, Wales, Scotland and Northern Ireland) and the nine English regions produced by the Office for National Statistics. The value generated by any unit engaged in production and the contributions of individual sectors or industries to gross domestic product. We will keep you informed of our progress towards this as our plans evolve. We have published revisions triangles for GVA(B): These data are designated as National Statistics.
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