Current price (smoothed) GVA per hour worked (£) - WMCA

This is the smoothed gross value added (GVA) per hour worked in pounds at current prices, generated from enterprises in the area, calculated using a balanced approach to GVA. Labour productivity is calculated by dividing output GVA by a measure of labour input, in this case total hours worked. The balanced GVA(B) data used in this release are measured in current prices, which includes the effect of inflation. it is not possible to differentiate between the effects of price changes and quantity changes across time. Data are smoothed using a weighted 5-year moving average to reduce volitivity in the data that rises from small sample surveys. GVA estimates are on a workplace basis, that being they are allocated to where the economic activity took place. Please note, figures can be volatile due to sampling. Therefore where there are erratic movements in the time series, caution should be used in interpreting the data.Data is Powered by LG Inform Plus and automatically checked for new data on the 3rd of each month.

本数据集展示了按当前价格计算的每小时平滑后的总增加值（GVA），以英镑为单位，该数据由区域内企业生成，并采用平衡方法计算。劳动生产率通过将产出GVA除以劳动投入量（在此例中为总工作时间）来计算。本发布中使用的平衡GVA(B)数据以当前价格衡量，包括通货膨胀的影响。由于无法区分时间序列中价格变化和数量变化的影响，因此无法进行区分。数据通过加权五年移动平均法进行平滑处理，以降低由小型样本调查引起的数据波动性。GVA估计值基于工作场所，即它们被分配到经济活动发生的地方。请注意，由于抽样原因，数据可能存在波动。因此，在解读时间序列中的异常波动时，应谨慎行事。数据由LG Inform Plus提供支持，并于每月第三天自动检查新数据。