State of the South West - Economy Tables

Gross Value Added at current prices: 2003, £  

 

South West England
£ million 75,177 814,575
£ per person 15,038 16,339

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Industry contributions to GVA 1 growth: 1997 to 20022, percentages  

 

South West England

 

Annualized Growth Rate 1997-2002 Contribution to total growth (%) Annualized Growth Rate 1997-2002 Contribution to total growth (%)
Agriculture, hunting, forestry & fishing -3.4 -1.4 -2.9 -0.6
Mining & Quarrying of energy producing materials 7.0 0.0 -3.2 -0.1
Other Mining & Quarrying -2.3 -0.2 -3.3 -0.1
Manufacturing 0.9 3.1 -0.6 -2.3
Electricity, Gas & Water Supply -2.8 -1.4 0.0 0.0
Construction 9.8 9.8 8.5 8.9
Wholesale & retail trade (incl. motor) 7.1 16.0 6.1 14.6
Hotels & Restaurants 8.6 5.9 7.0 4.3
Transport, Storage & Communication 6.4 7.7 5.2 8.3
Financial Intermediation 6.1 5.4 8.5 10.4
Real Estate, renting & business activities 9.3 33.9 9.1 40.0
Public Administration & Defence 1.6 2.4 3.6 3.5
Education 8.6 9.4 7.2 7.7
Health & Social Work 6.4 7.6 6.5 7.7
Other Services 7.2 5.9 7.3 6.9
TOTAL 3 5.5 100 5.3 100

 

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Industry Contributions to Employment Growth, 1995 to 2003

  South West   England  
  Annualized growth rate 1995-2003 Contribution to total growth (%) Annualized growth rate 1995-2003 Contribution to total growth (%)
Agriculture, hunting and forestry -4.4 -3.8 -2.8 -1.7
Fishing 3.4 0.1 -3.4 0.0
Mining and quarrying -0.9 -0.1 -2.5 -0.3
Manufacturing -1.5 -11.6 -2.6 -24.3
Electricity, gas and water supply -6.3 -2.6 -4.6 -1.6
Construction 4.0 8.6 3.6 9.0
Wholesale/retail trade; repair, etc 2.9 28.9 2.0 21.9
Hotels and restaurants 2.7 11.1 2.9 11.4
Transport, storage and communication 1.7 4.3 1.8 6.9
Financial intermediation -0.2 -0.5 0.4 1.2
Real estate,renting,business activities 3.8 24.8 3.7 34.2
Public admin/defence; social security 0.2 0.5 0.3 1.1
Education 5.0 22.1 4.2 20.8
Health and social work 1.7 11.1 1.9 12.9
Other community, social/personal service 3.1 7.1 2.8 8.6
TOTAL 1.9 100.0 1.6 100.0

 

¹ Based on 'headline' regional GVA series at current prices, calculated using a five-year moving average

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Total and Gross Disposable Household Income at current prices: 2003, £  

 

South West England
Total Household Income, 1999
£ million, Current Prices 94,696 975,506
£ per person 18,942 19,730
Gross Disposable Household Income, 1999
£ million 63,511 640,383
£ per person 12,704 12,952

 

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VAT registered business: 2004 

 

South West England
Total Stock, thousands 171 1,554
Per 10,000 Adult Residents 432 395

Economic contribution of enterprises by employee size band: 2003, percentages

  South West England
  Enterprises Employment Turnover Enterprises Employment Turnover
With no employees 71 19 10 71 14 8
1-4 20 14 13 19 10 9
5-9 5 8 8 5 6 6
10-19 2 8 7 3 7 7
20-49 1 9 9 1 8 8
50-99 0 5 6 0 5 6
100-199 0 5 5 0 5 6
200-249 0 2 2 0 2 2
250-499 0 4 5 0 5 7
500 or more 0 26 35 0 38 41
 

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Industry Contributions to Output: 2002 and Employment: 2002, percentages

 

GVA South West GVA England Employee Jobs

 

% % %
Agriculture, hunting, forestry & fishing 1.8 0.9 1.3
Mining & Quarrying 0.4 0.3 0.3
Manufacturing 16.3 16.0 13.4
Electricity, gas and water supply 2.2 1.6 0.6
Construction 6.5 6.0 4.6
Wholesale and retail trade (including motor trade) 12.9 12.9 19.0
Hotels and restaurants 4.1 3.4 7.7
Transport, storage and communication 6.7 8.4 5.2
Financial intermediation 4.9 7.0 4.0
Real estate, renting and business activities 22.1 25.6 12.4
Public administration and defence 5 7.1 4.9 5.7
Education 6.5 5.9 9.2
Health and social work 6.7 6.5 12.0
Other services 4.8 5.3 4.6
Financial Intermediation Services Indirectly Measured (FISIM) -3.0 -4.7  
All sectors (£m, thousands) =100% 71,385 775,507 2,109

 

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Industry shares of VAT-registered businesses: 2004, percentages

  South West England
Agriculture & Fishing 12.2 5.8
Mining, Energy & Water 0.1 0.1
Manufacturing 7.8 8.6
Construction 12.5 11.2
Wholesale & Retail 20.1 21.4
Hotels & Restaurants 8.0 6.9
Transport & Communications 3.8 4.4
Finance 0.8 1.1
Real Estate & Business 25.9 30.8
Public Admin & Other Services 7.1 8.2
Education & Health 1.6 1.5
All sectors (thousands) = 100% 171 1554

 

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Contribution of manufacturing sub-sectors¹ to GVA ² and employment³: 2003 

 

GVA % Employment %
Food and Drink 16.4 13.1
Textiles 1.1 1.4
Clothing, Leather and footwear 2.1 1.6
Wood and wood products 2.0 2.8
Paper and printing 11.8 11.1
Chemicals 5.4 4.1
Non metal products 8.2 9.3
Metals and Metal products 8.1 10.3
Engineering 8.3 8.6
Electronics 13.4 15.2
Transport equipment 19.2 16.5
Other manufacture 4.1 5.9

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Economic contribution of South West RDA key sectors: various years  

  Employment (FTE, '000)   Output (GVA, £m)  
  2003 Annual Growth 1998-2003, % 2003 Annual Growth 1998-2003
         
Advanced Engineering 52.9 -1.9 1950 -2.3
Food & Drink 92.4 -3.4 2620 -2.7
ICT 61.1 4.8 2890 2.2
Leisure & Tourism 82.5 4.4 2270 9.2
Marine Technology 11.5 2.2 510 0.6
Biotechnology 10.7 11.3 480 16.0
Environmental Industries 20.8 -1.3 1210 -1.1
Creative Industries 56.9 2.5 1900 5.1
ALL KEY SECTORS 388.8 0.9 13840 1.7

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Expenditure on Research & Development: 2001 to 2003 

 

South West England
Business R&D
Expenditure 2003, £ million 1,359 12,786
Growth Rate 2001-3 15.1 5.3
Employment FTE , thousands 14 149
Growth Rate 2000-2 8.0 3.5

 Source: ONS Business Enterprise R&D Survey.  

 

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