The additional value at a particular stage of production, or through image and marketing. It shows the contribution of the factors of production, in increasing the value of a product. GVA measures the contribution to the economy of each individual producer, industry, or sector in a nation. Per capita GVA in the UK for 2012 were:
North East | £16 091 |
North West | £18 438 |
Yorkshire and Humberside | £17 556 |
East Midlands | £17 448 |
West Midlands | £17 429 |
East | £19 658 |
London | £37 232 |
South-East | £23 221 |
South-West | £19 023 |
England | £21 937 |
Wales | £15 401 |
Scotland | £20 013 |
Source: UK Office for National Statistics.