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Gross value added (GVA): Information and communication (15305) Metric type
- Help text
- This is the total gross value added (GVA) generated from information and communication enterprises in the area calculated using a balanced approach to GVA. These figures are presented in £ millions at current basic prices. They do not allow for different regional price levels or changes in prices over time (inflation).
Balanced GVA estimates are produced by combining the existing income and production GVA estimates using weighted quality metrics. Income GVA estimates are calculated by adding up the income generated by individuals or corporations in the production of goods and services whilst the Production Approach estimates GVA by calculating the total output of goods and services less the value of goods and services used up in the production process. A Balanced approach evaluates the strengths and weaknesses of these two opposing approaches and gives them an appropriate weighting in informing a single ‘balanced’ estimate of GVA.
GVA estimates are on a workplace basis, that being they are allocated to where the economic activity took place.
Please note, figures can be rather volatile. If you see erratic movements in the time series, you should use caution in interpreting the data.
- Modified
- 25 Apr 2023
- Data last updated
- 25 Apr 2024
- Short label
- GVA: Information and communication
- Status
- Live
- Output precision
- 0
- Polarity
- a high value is good
- Measure
- £ millions
- Dataset
- Gross Value Added (Balanced Approach) by local authority
- Collection
- Gross Value Added (Balanced Approach)
- Source
- Office for National Statistics
- is found in the following lists
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