Gross Value Added
GVA (Gross Value Added) provides a measure of the value added to materials and other inputs in the production of goods and services. In other words it measures the contribution to an economy of all activities which produce goods or services. Whilst GVA measures the total size of an economy, GVA per head (i.e. GVA per head of resident population) is a somewhat more useful measure as this gives an indication as to average size of economy per person and also enables comparison across countries and regions. In broad terms GVA is created by working people and is quantified in terms of wages and company profits.
Here, we look at:
- What the value of the local economy is
- How fast the local economy is growing
GVA Per Head
|1997||2008||2009||Annual Change||2010||Annual Change||2011||Annual Change||2012||Annual Change||2013||Annual Change||Change 2009-13||%Change 2009 – 2013||Change 1997-13||%Change 1997-2013|