A wide range of statistics are used to monitor the-performance of UKTI and its economic impact. Several of these have been produced in a consistent way over a number of years. A number of the statistics are produced by independent external economists.
The Treasury supports UKTI's work in producing monitoring statistics and the difficult task of estimating its economic impact. The Treasury recognizes the inherent difficulties in determining what would have happened if UKTI did not exist, and hence a number of assumptions have to be made to estimate the economic impact. The Treasury has assessed the overall approach and judge that the information is fit for the purposes of monitoring trends through time and judging the relative impact of different interventions. Trade Growth Value is a relatively new statistic. The Treasury will assess its usefulness once a longer time series of figures exists.