West Midlands produced 3rd strongest regional growth in England, according to latest GVA per head figures

Land Rover production lineThe 2007 Regional and 2006 Sub-Regional Gross Value Added (GVA) data are released today by the Office for National Statistics. Indexed GVA per head (where UK=100) for the West Midlands in 2007 was 86.0, a marginal decrease from the revised 2006 index value of 86.1. GVA per head in the West Midlands rose from £16,300 in 2006 to £17,200 in 2007, an increase of 5.3% compared to a 5.3% increase in GVA per head across the UK, and a 5.4% increase in England.

In the latest data for 2007 the West Midlands in regards to GVA per head is ranked seventh amongst the nine English regions, where London is the strongest performer at £30,400 and the North East is the least strong at £15,700. In total, regional GVA for the West Midlands in 2007 was £92.4bn, an increase of £4.9bn on the revised figures for 2006.

The latest NUTS2 data, which is for 2006, shows GVA per head in Herefordshire, Worcestershire and Warwickshire grew by 4.8% to £16,700, in Shropshire and Staffordshire it grew by 3.9% to £14,300 and the West Midlands (metropolitan) produced growth of 3.6% to £17,300. In the West Midlands (metropolitan), GVA per head in 2006 was 8.9% below the UK average having declined markedly since 2002 relative to the UK average, which is in contrast to its performance in the mid to late 1990s when it was within 2% of meeting the UK avearge.

At the NUTS3 geographical level, Solihull was the strongest performer in 2006 with GVA per head 14% higher than the UK average and the only area in the West Midlands region to perform above average, whereas Shrosphire was least strong at 28% below the UK average. In terms of annual growth to 2006, Warwickshire produced the largest increases in GVA per head, up 5.6%, whilst Dudley and Sandwell, and Stoke-on-Trent recorded the least percentage growth, up 2.9%.

The regional GVA for the West Midlands and the other regions in today’s data release have been derived using a new methodology, which has required headline figures in previous annual releases to be revised. As a consequence the GVA figure for 2006 in the West Midlands has been revised from £89.0bn to £87.5bn, a decrease of £1.5bn, and GVA per head has also been revised from £16,600 to £16,300. More details of these revisions (which apply to the whole regional time series from 1989) can be found in the West Midlands regional GVA briefing from the ONS.

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