How industries contribute to the value of the goods and services produced in North East
Gross Value Added (GVA) is the value of the goods and services produced in a region or sector minus any intermediate goods and services. There are a number of different ways of calculating GVA. This page provides an industry breakdown of the headline balanced GVA measure. This is produced using estimates from gross value added income (GVA(I)) and gross value added production (GVA(P)).
Four industry groups contribute 48% of the North East LEP’s GVA: Manufacturing (16%), real estate activities (12%), human health and social work activities (10%) and wholesale and retail (9%). These groups contribute about 46% of the GVA of England outside of London but the importance of the industries varies between the North East LEP area and elsewhere in England.
Source: Regional gross value added (balanced approach) (ONS, Last updated: 19 December 2019)