Wednesday 14 December 2011

Ynys Môn GVA per head revised figures

We here on Ynys Môn have long being used to the label of poorest region in Wales, if you use GVA per head as a measure.

However, the latest revised figures from ONS shows that for the period 1997 to 2003 the GVA per head for Ynys Môn had been over estimated, whilst for the period between 2004 and 2009 they where under estimated.

The result of this revision means that since 2004 based on NUTS3.2 GVA per head at current basic prices, it has in fact been Gwent Valleys and not Ynys Môn that has the lowest GVA per head in Wales.

As a comparison in Ynys Môn the GVA per head between 1997 and 2009 grew by 5247, whereas for Gwent Valleys and the same period only grew by 2979.

Not surprisingly in 2009 in most regions GVA fell, Ynys Môn by 233 and Gwent Valleys by 344.

I would add my usual disclaimer about using GVA per head to compare regions see Anglesey and GVA

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