This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/uk-wales-30395312

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
GVA: Wales economy adds least gross value added in UK GVA: Wales economy adds least gross value added in UK
(about 1 hour later)
Wales is still the worst performing part of the UK in terms of money generated by its economy, official figures show.Wales is still the worst performing part of the UK in terms of money generated by its economy, official figures show.
The gross value added (GVA) statistics show the value of wages and profits from goods and services produced.The gross value added (GVA) statistics show the value of wages and profits from goods and services produced.
The figures show Wales had the UK's lowest GVA per head at £16,893 in 2013 while London had the highest at £40,215.The figures show Wales had the UK's lowest GVA per head at £16,893 in 2013 while London had the highest at £40,215.
But Wales and north west England showed the biggest growth at 3.4%.But Wales and north west England showed the biggest growth at 3.4%.
The figures were released by the Office for National Statistics (ONS).The figures were released by the Office for National Statistics (ONS).
Wales also had the UK's worst performing sub-region - west Wales and the Valleys at £14,763 - and the lowest GVA at local area level, Anglesey with £11,368 per head.
That was less than half the figure of the best performing area of Wales - Cardiff and the Vale of Glamorgan with GVA per head of £22,986.
The GVA is the value of everything generated by all types of production and is regarded as a good indicator of the strength of the economy.The GVA is the value of everything generated by all types of production and is regarded as a good indicator of the strength of the economy.
It is income based, and its value forms part of the UK's calculation for its gross domestic product (GDP).It is income based, and its value forms part of the UK's calculation for its gross domestic product (GDP).
Wales does not have its own GDP as it does not collect income tax or VAT separately.Wales does not have its own GDP as it does not collect income tax or VAT separately.