Gross Value Added

Gross Value Added (GVA) is a key indicator of the state of the economy.   It represents the incomes generated by economic activity within the UK economy and comprises:

• compensation of employees (wages and salaries, national insurance contributions, pension contributions, redundancy payments etc);
• gross operating surplus (self-employment income, gross trading profits of partnerships and corporations, gross trading surplus of public corporations, rental income etc).

GVA data are released by ONS in December each year.   The figures relate to two years previous for sub regional data (eg Cumbria) and one year previous for regional data.   For example, the figures released in December 2009 are for 2007 sub regional and 2008 regional.   Here we have labelled reports according to the year of the sub regional data.