Current Issues Note: Regional, sub-regional and local gross value added estimates for London

<p>Current Issue Note 43</p> <p>In December 2014 the Office for National Statistics (ONS) released provisional estimates of regional, sub-regional and local gross value added (GVA) for 2013 (although industry breakdowns of the data are for 2012) measured by the income approach. Also published in December 2014 were experimental results for regional real GVA as measured by the production approach for the years 1998 to 2012. This note presents the findings for London from the main GVA release (using the income approach) and then outlines the results from the experimental real GVA data. In addition, the note will cover recent changes to the National Accounts methodology and borough-level GVA estimates produced by GLA Economics.</p> <p>Curent Issues Note 41</p> <p>In December 2013 the Office for National Statistics (ONS) released provisional estimates of regional, sub-regional and local gross value added (GVA) for 2012 (although industry breakdowns of the data are for 2011) measured by the income approach. Also published in December 2013 were experimental results for regional real GVA as measured by the production approach for the years 1998 to 2011. This note presents the findings for London and then outlines the results from the experimental real GVA data.</p>