Cumbria GVA 1995 - 2005 Dan Bloomer Policy & Performance, Cumbria County Council

1. Cumbria Economic Intelligence Partnership Cumbria GVA 1995 - 2005 Dan Bloomer Policy & Performance, Cumbria County Council

2. Cumbria Economic Intelligence Partnership What is Gross Value Added? • It’s our principal measure of success • GVA is: • the value of outputs (products, services) minus • the value of inputs (materials, components etc) • ‘Productivity’ is average ‘value added’ per head (of population or per employee)

3. Cumbria Economic Intelligence Partnership Background • Data from the Office for National Statistics • Released in Dec 2007, covering period to 2005 • Available for all NUTS2 and NUTS3 areas in UK

4. Cumbria Economic Intelligence Partnership Summary • GVA in Cumbria was £6,687m in 2005 • 1995-2005 Cumbria’s GVA grew by 35.8% (vs 70.4% in UK) – slowest “county” growth • Between 2000 and 2005 Cumbria’s economy grew by 26.0% (29.5% in the UK) • Last year (2004-05) Cumbria grew by 3.7% compared with 4.2% in the UK

5. Cumbria Economic Intelligence Partnership Regional Accounts Total GVA (£bn) by area 35.8% 49.5% 20.0%

6. Cumbria Economic Intelligence Partnership Regional Accounts Total GVA - Sub-regional growth rates 1995 – 2005

7. Cumbria Economic Intelligence Partnership Regional Accounts Total GVA - Sub-regional growth rates 2000 – 2005

8. Cumbria Economic Intelligence Partnership Regional Accounts Total GVA - Sub-regional growth rates 2004 – 2005

9. Cumbria Economic Intelligence Partnership Regional Accounts GVA per head - Relative sub-regional trends UK = 100 E Cumbria W Cumbria

10. Cumbria Economic Intelligence Partnership Regional Accounts Total GVA vs FTE employees by area

11. Cumbria Economic Intelligence Partnership Regional Accounts Total GVA vs FTE employees by area (yr on yr % chg)