Dec 9, 2015 - At £28,307, Buckinghamshire's GVA per capita is the 27th highest ... is the 4th highest in the UK behind
Buckinghamshire’s Gross Value Added, 2014
9 December 2015
Buckinghamshire’s gross value added (GVA) rose by 5.1 per cent in 2014 to stand at £14.8bn. This was the 46th highest rate of growth among the UK’s 173 NUTS3 regions and well above the 4.6 per cent recorded across the country as a whole. Buckinghamshire has seen the 28th strongest growth amongst NUTS3 areas over the recession, with output increasing 28.7 per cent from 2007 to 2013, above the national and regional levels but below London’s growth of 33.8 per cent. At £28,307, Buckinghamshire’s GVA per capita is the 27th highest among the 173 NUTS3 regions in the UK, making it one of only 45 to exceed the national level. Table 1: GVA and GVA per capita, 2014 (NUTS 3, 2, 1, 0) Buckinghamshire CC Milton Keynes Berkshire Oxfordshire Hertfordshire West Northamptonshire Luton Bedford Central Bedfordshire North Northamptonshire
GVA per capita £ Rank 28,307 27 39,709 6 38,961 7 30,485 19 28,363 26 24,492 47 22,377 64 21,241 76 20,200 87 19,785 98
Berkshire, Buckinghamshire and Oxfordshire Bedfordshire and Hertfordshire Surrey, East and West Sussex Hampshire and Isle of Wight Leicestershire, Rutland and Northamptonshire
34,230 25,791 26,384 25,578 22,005
South East England United Kingdom
27,012 25,367 24,616
-
2007 (£m) 11,476 7,484 28,783 15,470 26,426 8,185 4,450 3,044 4,286 5,513
GVA 2014 (£m) % change 14,774 28.7 10,294 37.5 34,506 19.9 20,501 32.5 32,753 23.9 9,471 15.7 4,721 6.1 3,482 14.4 5,435 26.8 6,483 17.6
4 8 7 10 16
63,214 38,206 59,005 40,096 32,580
80,076 46,391 74,153 49,611 38,683
26.7 21.4 25.7 23.7 18.7
2
191,689 1,120,687 1,331,120
239,698 1,377,851 1,618,346
25.0 22.9 21.6
Rank 28 7 77 16 51 112 164 121 38 99 6 17 7 11 21 2 -
Source: Regional Accounts, ONS, 2015
Among NUTS2 areas, Berkshire, Buckinghamshire and Oxfordshire saw GVA rise 4.1 per cent £80.1bn in 2014, below the national rate of increase and ranking only 17th among the UK’s 40 NUTS2 regions. Despite this slow growth, at £34,230the region’s GVA per capita is the 4th highest in the UK behind Inner London West and East and North Eastern Scotland. Only two of the UK’s 12 NUTS1 regions better the national level of GVA per capita, with only three (London, East of England and Scotland) seeing growth above the national level as shown in chart 2. The Greater South East’s share of UK GVA rose for an eighth successive year to reach a record high of 45.9 per cent, with London’s share rising to 22.5 per cent. In 2014, the largest contribution to Buckinghamshire’s increased GVA came from real estate with an increase of £233m ahead of business service activities (£177m) and construction (£125m) The only sector to see a fall was public administration where output fell by £40m. Manufacturing GVA rose £23m to £960m but remains 15.9 per cent below 2007’s pre-recession peak. The raw data can be accessed at: http://www.ons.gov.uk/ons/rel/regionalaccounts/regional-gross-value-added--income-approach-/december-2015/rft-table-1.xls The ONS’s bulletin on these data is available at: http://www.ons.gov.uk/ons/rel/regionalaccounts/regional-gross-value-added--income-approach-/december-2015/stb-regionalgva-dec-2015.html
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Chart 1: GVA per capita over time (UK=100 for each year) Buckinghamshire CC Berkshire, Buckinghamshire and Oxfordshire
London South East Scotland East of England South West North West East Midlands
2012
West Midlands
2013 2014
Yorkshire and The Humber Northern Ireland North East Wales 70
80
90
100
110
120
130
140
150
160
170
180
Source: Regional Accounts, ONS, 2015
Chart 2: % GVA change by sector in Buckinghamshire to 2014 Agriculture, forestry and fishing Since 2010 Production
Since 2013
Manufacturing Construction Distribution; transport; accommodation and food Information and communication Financial and insurance activities Real estate activities Business service activities Public administration; education; health Other services and household activities All industries -15
-10
-5
0
5
10
15
20
25
30
35
40
Source: Regional Accounts, ONS, 2015
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Table 2: Change in GVA by Local Enterprise Partnership ,2012-13 LEP London Hertfordshire West of England Leicester and Leicestershire Greater Cambridge & Greater Peterborough Buckinghamshire Thames Valley Oxfordshire LEP Dorset Tees Valley South East Midlands Worcestershire South East Sheffield City Region Solent New Anglia Coast to Capital D2N2 Liverpool City Region Heart of the South West Enterprise M3 Humber Stoke-on-Trent and Staffordshire Swindon and Wiltshire Cheshire and Warrington Greater Manchester Greater Lincolnshire Gloucestershire York and North Yorkshire Greater Birmingham and Solihull Northamptonshire Coventry and Warwickshire Cumbria Leeds City Region The Marches Thames Valley Berkshire North Eastern Black Country Lancashire Cornwall and the Isles of Scilly England
GVA per capita £ Rank 42,666 1 28,370 5 27,915 8 21,769 17 25,090 10 28,303 6 30,480 3 21,307 19 18,526 34 25,961 9 19,682 28 19,787 27 17,480 37 24,996 11 20,971 21 24,503 12 20,001 26 18,621 33 19,583 29 29,960 4 18,926 31 18,176 35 23,454 15 28,267 7 21,001 20 18,984 30 24,343 13 20,872 23 20,889 22 22,335 16 24,247 14 21,587 18 20,719 24 20,013 25 38,963 2 18,112 36 16,712 39 18,797 32 17,279 38 25,367
GVA (£m) GVA 2013 GVA 2014 % change Rank 341,003 364,309 6.8 1 30,790 32,753 6.4 2 29,118 30,826 5.9 3 20,706 21,891 5.7 4 33,516 35,331 5.4 5 14,062 14,774 5.1 6 19,553 20,501 4.8 7 15,442 16,189 4.8 8 11,778 12,342 4.8 9 44,163 46,244 4.7 10 10,818 11,327 4.7 11 77,500 81,068 4.6 12 29,525 30,779 4.2 13 37,869 39,446 4.2 14 32,564 33,895 4.1 15 46,641 48,487 4.0 16 41,402 42,964 3.8 17 27,241 28,257 3.7 18 32,125 33,320 3.7 19 48,114 49,875 3.7 20 16,903 17,484 3.4 21 19,538 20,197 3.4 22 15,870 16,392 3.3 23 24,986 25,802 3.3 24 55,592 57,395 3.2 25 19,513 20,133 3.2 26 14,433 14,881 3.1 27 23,149 23,859 3.1 28 40,221 41,438 3.0 29 15,489 15,954 3.0 30 20,933 21,558 3.0 31 10,438 10,746 3.0 32 60,482 62,260 2.9 33 12,965 13,343 2.9 34 33,581 34,506 2.8 35 34,419 35,361 2.7 36 18,909 19,381 2.5 37 27,042 27,667 2.3 38 9,405 9,462 0.6 39 1,317,754
1,377,851
4.6
Source: Regional Accounts, 2015, MYPE, ONS, 2014 & 2015
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01494 568935
[email protected]
01494 568935
[email protected]
01494 568935
