Statistics on the size of regional/country and local economies, recent economic growth in these areas, their contribution to total UK economic output, and rough comparisons of their living standards.Jump to full report >>
This briefing paper provides an overview of annual statistics on the economies of the UK’s regions and countries as well as local areas. There is analysis of recent economic growth rates, for 2016 as well as since 2010, and 1998. In addition to overall growth rates, figures for economic output per head are included (including in two maps at the back of the briefing) to provide very rough comparisons of living standards by local areas.
Economic output here is measured using Gross Value Added (GVA), which is very similar to GDP. Regional growth figures are adjusted for inflation. Some key figures:
Almost all areas have experienced slower growth since the financial crisis and recession of 2008/09. The chart below compares average annual economic growth in the regions and countries of the UK during the pre-recession period of 1999-2007 with the post-recession period of 2010-2016.
The only region where recent annual average growth is higher than that of the pre-recession period is the West Midlands. London had the highest average growth rates in both periods. Some regions and countries have seen a particularly notable weakening in their growth performance: the three northern regions of England (the North East, the North West and Yorkshire and the Humber) and Northern Ireland.
A spreadsheet containing information on 2016 GVA per head and how its changed since 2010 for the local area of your choice (along with the region/country it is in and the UK) is also available from the accompanying Excel file below.
Commons Briefing papers SN05795
Author: Daniel Harari