Regional, sub-regional and local GVA estimates for London, 1997-2016

The main points from Current Issues Note 57:

• In 2016, London’s total nominal GVA (as measured by GVA (I)) was just under £396 billion (up 4.4 per cent on 2015). This represented 22.7 per cent of the UK’s total GVA (I) in 2016, up from 22.5 per cent in 2015 and 18.5 per cent when going even further back to 1997.
• London had the highest GVA (I) per head in the UK at £45,046 in 2016, 69.4 per cent higher than average UK GVA (I) per head which was £26,584.
• The two largest London sectors by share of GVA (I) are Real estate activities and Financial and Insurance activities with 16 per cent and 15 per cent shares of total GVA in 2016, respectively. The strongest growth by main sector of the economy was registered in Construction (11.8 per cent).