Examples of GVA in a sentence
Productivity has also started to move in the right direction, with 2005‟s data measures Merseyside GVA per job as £28,920, against £31,697 in the North West and £34,225 nationally.
Growth has also been strong in terms of value in the economy, with GVA growth of 25.9% between 2000 and 2005, ahead of growth experienced in the West Midlands, and comparable with that seen in much larger regional economies such as West Yorkshire and Greater Manchester.
We estimate that £4.2bn of our GVA per capita gap is due to the lack of productivity of existing businesses.
The scaled impact of these assets are substantial drivers for future economi growth and include £1bn income to the City Region economy, 15% of the City Region‟s total GVA and over 14,000 jobs.
Important points to note are: That ceterus paribus, the economy would need to grow by approximately 8% and 20% against the Northwest and UK respectively to close the gap in GVA per employee.