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Most productive places in the UK: Londoners do the most for the British economy, says ONS data Most productive places in the UK: Londoners do the most for the British economy, says ONS data
(about 17 hours later)
The most productive people in country work in London, according to new data from the Office of National Statistics.The most productive people in country work in London, according to new data from the Office of National Statistics.
In a study of comprehensive study of the UK's 37 subregions, workers in Inner London were found to have provided the most gross-value-added (GVA) to the country's economy — performing almost 50 per cent better than the UK average. In a study of the UK's 37 subregions, workers in Inner London were found to have provided the most gross-value-added (GVA) to the country's economy — performing almost 50 per cent better than the UK average.
Within London, it's those based in the city's west that have the highest productivity level.Within London, it's those based in the city's west that have the highest productivity level.
North Eastern Scotland, of which the epicentre is Aberdeen, is the most productive subregion outside of the south of England, where 8 of the top 10 performing territories are located. North Eastern Scotland, centred around the business city Aberdeen, is the most productive subregion outside of the south of England, where 8 of the top 10 performing territories are located.
But the least productive area can also be found in the south.But the least productive area can also be found in the south.
Cornwall and the Isles of Scilly provides nearly 30 per cent less GVA than the UK average, and is 8 points behind West Wales and The Valleys, the next least productive subregion.Cornwall and the Isles of Scilly provides nearly 30 per cent less GVA than the UK average, and is 8 points behind West Wales and The Valleys, the next least productive subregion.
The lowest performing NUTS3 region (smaller than the 37 explored before) is Powys in Wales.The lowest performing NUTS3 region (smaller than the 37 explored before) is Powys in Wales.
ONS observed that large cities are often quite productive, whereas rural or remote areas are typically not — though this is likely determined by the subregion's primary industryONS observed that large cities are often quite productive, whereas rural or remote areas are typically not — though this is likely determined by the subregion's primary industry
As the destination of international business, London's place atop the GVA rankings makes sense, as do the large sums of money traded in Aberdeen explain its success. As a banking hub and destination of international business, London's place atop the GVA rankings makes sense, as do the large sums of money traded in Aberdeen explain its success.
The BBC has said the high productivity reported in Derby and Swindon is likely driven by their lucrative car manufacturing business — Toyota and Rolls Royce in the former, Honda in the latter.The BBC has said the high productivity reported in Derby and Swindon is likely driven by their lucrative car manufacturing business — Toyota and Rolls Royce in the former, Honda in the latter.
Regions more dependent on agriculture of tourism are unlikely to have performed well in ONS' GVA measurement, as are those that haven't seen investment for many years.Regions more dependent on agriculture of tourism are unlikely to have performed well in ONS' GVA measurement, as are those that haven't seen investment for many years.