§ Simon HughesTo ask the Chancellor of the Exchequer what his latest assessment is of the percentage of the UK Gross Domestic Product generated in London in each year since 1997–98. [151980]
§ Ruth Kelly[holding answer 30 January 2004]: The information requested falls within the responsibility of the National Statistician, who has been asked to reply.
1687WLetter from Len Cook to Mr. Simon Hughes, dated 1 April 2004.
As National Statistician I have been asked to reply to your questions on the percentage of UK Gross Domestic Product (GDP) generated in London since 1997. (151980)The estimates in the attached tables are based on the regional Gross Value Added1 (GVA) estimates for 2001 and earlier years published in August 2003. These are available on the National Statistics website at: http://www.gov.uk/StatBase/Product.asp?vlnk = 7359
Table 1 Percentage of UK GVA3 generated in London (Residence Based)2 UK GVA(£ million) London GVA (£ million) London GVA as a percentage of UK 1997 705,851 111,117 16 1998 749,688 120,271 16 1999 781,847 127,124 16 2000 816,111 133,179 16 2001 851,408 140,354 16
Table 2 Percentage of UK GVA3 generated in London (Workplace Based)2 UK GVA (£ million) London GVA(£) London GVA as a percentage of UK 1997 705,851 126,567 18 1998 749,688 137,402 18 1999 781,847 145,413 19 2000 816,111 154,182 19 2001 851,408 162,501 19 1.Under the European System of Accounts 95 (ESA95) the economic estimates that are defined as Gross Value Added (GVA) at basic prices are broadly equivalent to what has been historically known as GDP at factor cost. ONS has effected the change frtim GDP at factor cost to GVA at basic prices as part of implementation of ESA95, along with all other EU countries. GVA at basic prices includes the effects of taxes less subsidies on production, but excludes taxes and subsidies on products, which are included in GDP at market prices under ESA95. 2. Estimates of GVA in Table A are on a residence basis, where the income of commuters is allocated to where they live, rather than their place of work. Estimates in Table B are on a workplace basis where the income of commuters is allocated to their place of work, rather than where they live. 3. GVA at current basic prices, excluding Extra-Regio. Extra Regio is that part of the UK's economic territory which cannot be allocated to any specific region. The contribution to UK GVA of UK embassies abroad and UK forces stationed overseas is included in Extra-Regio, along with the element of GVA relating to activities taking place on the continental shelf.