GVA per BUSINESS
Here we look at Balanced Gross Value Added (GVA) per private business entity for each local authority in the UK. This simple analysis looks at the total balanced GVA and divides by the total number of private businesses for each local authority. This calculation is then used to form a ranking score of between 1 and 0. A higher score indicates a higher value of GVA for each business entity (as an average). Geographical performance can be compared and contrasted between local authority areas. This methodology can be reduced to smaller census survey areas.
Data is sourced from ONS and NOMIS and is set at the most recent 2017 data sets.
WHAT IS GVA
What do we mean by Gross value added (GVA)? GVA is a calculation that is accepted as a way of measuring economic productivity. In this instance we are assessing the contribution of private companies to a local authority area economy. Gross value added provides a monetary value for the amount of goods and services that have been produced by the private company, removing the cost of all raw materials that are directly attributable to that production.
More here What is GVA
GVA per worker: GVA per Worker
List of Cities by GVA (UK): City GVA