Gross value added (GVA): All industries - WMCA

This is the total gross value added (GVA) generated from all industries in the area calculated using a balanced approach to GVA. These figures are presented in £ millions at current basic prices. They do not allow for different regional price levels or changes in prices over time (inflation). Balanced GVA estimates are produced by combining the existing income and production GVA estimates using weighted quality metrics. Income GVA estimates are calculated by adding up the income generated by individuals or corporations in the production of goods and services whilst the Production Approach estimates GVA by calculating the total output of goods and services less the value of goods and services used up in the production process. A Balanced approach evaluates the strengths and weaknesses of these two opposing approaches and gives them an appropriate weighting in informing a single ‘balanced’ estimate of GVA. GVA estimates are on a workplace basis, that being they are allocated to where the economic activity took place.Data is Powered by LG Inform Plus and automatically checked for new data on the 3rd of each month.

本数据集汇总了区域内所有产业通过平衡计算方法所得的总增加值（GVA）。数据以英镑百万为单位，按当前基本价格展示，且未考虑不同区域价格水平或随时间变化的价格（通货膨胀）。平衡GVA估计是通过结合现有的收入和产出GVA估计，并运用加权质量指标来实现。收入GVA估计是通过累加个人或企业在生产和提供商品与服务过程中所创造的收入来计算的；而产出方法则是通过计算商品与服务的总产出减去生产过程中使用的商品与服务价值来估计GVA。平衡方法评估了这两种对立方法的优缺点，并在形成单个‘平衡’GVA估计时给予它们适当的权重。GVA估计基于工作场所，即它们被分配到经济活动发生的地点。数据由LG Inform Plus提供支持，并自动在每月第三天检查新数据。