Ynys Môn and GVA

The Daily Post in a report on Wednesday -  Wylfa B not derailed by power giant pull-out said:

[The pull out by RWE and E.on from investing in nuclear in the UK]....started a scramble to find a new consortium to bail out the development, seen as vital for a county which has the lowest GDP in England and Wales....

In the first place the preferred measure for regions is GVA, in particular GVA per head, and we know from the last issued  GVA figures for regions; from December 2011, that Ynys Môn does not have the lowest GVA per head of population in England and Wales, that would the Gwent Valleys at £10,654.

Which was something I did post about at the time see:  Ynys Môn GVA per head revised figures.

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

GVA per head - the bottom five UK

The following charts looks at the bottom five as of 2009 (Data from ONS - NUTS3.2 Headline GVA per head at current basic prices), looking at the years 2000 to 2008. The first chart shows the change in the GVA per head over the years, and the second chart shows GVA per head for 2008 minus GVA per head for 2000, showing which region in the bottom five the GVA has grown the most. I would add my usual disclaimer about comparing regions, but it does reveal some interesting results.

Ynys Mon is welsh for Anglesey