Treasury written question – answered at on 19 January 2005.
To ask the Chancellor of the Exchequer what percentage contribution London has made to the UK economy in each of the last seven years.
The information requested falls within the responsibility of the National Statistician. I have asked him to reply.
Letter from Len Cook to Mr. Andrew Rosindell, dated
As National Statistician, I have been asked to reply to your recent Parliamentary Question about the percentage contribution London has made to the UK economy in each of the last seven years. (209494)
In order to give a measure of the economy gross value added 1 (GVA) is used. The latest published information is for 2003.
The estimates shown in the table below, are based on the regional gross value added 1 (GVA) estimates published in December 2004. These are available on the National Statistics website at: http://www.statistics.gov.uk/downloads/theme_economy/RegionalGVA.pdf
London GVA at current basic prices (NUTS1 Area) | Total UK GVA at current basic prices less Extra-Regio2 | Percentage contribution of London to the UK economy | |
---|---|---|---|
1997 | 110,854 | 704,744 | 15.7 |
1998 | 121,604 | 748,872 | 16.2 |
1999 | 129,002 | 782,682 | 16.5 |
2000 | 134,658 | 816,549 | 16.5 |
2001 | 141,464 | 859,795 | 16.5 |
2002 | 151,107 | 906,000 | 16.7 |
2003 | 155,069 | 951,692 | 16.3 |
(23) Information represented here is gross value added (GVA) which is gross domestic product (GDP) less taxes (plus subsidies) on products.
(24) Extra-Regio is that part of the UK's economic territory which cannot be allocated to any specific region.
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