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Release: Regional Gross Value Added (Production approach), December 2013

Released: 18 December 2013 (Latest) Next edition: December 14 (provisional date)

Contact

Trevor Fenton

Regional Accounts

trevor.fenton@ons.gsi.gov.uk

Telephone: +44 (0) 1633 456083

Categories: Economy, National Accounts, Regional Accounts

Frequency of release: Annually

Language: English

Geographical coverage: UK

Geographical breakdown: European (NUTS)

Survey name(s): Annual Business Survey (ABS), Annual Survey of Hours and Earnings (ASHE), Business Register and Employment Survey (BRES)

Regional Gross Value Added (GVA) by the production approach: Current Price GVA estimates and Real GVA as Chained Volume Measures for NUTS1 and NUTS2 (1998-2011).

This experimental release constructs for the first time a comprehensive industrial picture of each region in real terms and the methodology used produces our best current estimates.  However, the methodology does not constrain these estimates to be consistent with overall gross value added for the UK, as to do so would worsen this detailed industrial picture.  For Scotland in particular, the Scottish Government produces estimates of GDP that as far as possible replicate the methods used to construct the UK estimate of GDP, and these should be used to compare Scottish economic performance with that of the UK.

Publishing an experimental series provides the opportunity for users to give ONS feedback on whether a particular methodology meets their needs and ONS will be publishing in January 2014 an article that presents alternative methods for Regional GVA (Production approach) and explicitly seeks user views. 

Content from the Office for National Statistics.
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