CIN 43: London regional sub-regional and local GVA estimates 1997-2013

In 2013, London’s total nominal GVA (as measured by GVA (I)) was over £338 billion (up 4.0 per cent on 2012). Inner London accounts for 70 per cent of this, with Inner London-West alone accounting for 45 per cent of the total.

London now accounts for 22.2 per cent of the UK’s total GVA.

In 2012, just under a fifth of London’s GVA was generated by the financial and insurance industry, accounting for half of the UK’s total GVA in the financial and insurance industry and 4.1 per cent of the UK’s total GVA.

In 2012, Inner London produced 95 per cent of London’s GVA in the financial and insurance industry, and over three-quarters of its GVA in the professional, scientific and technical activities; information and communication; and real estate industries. Outer London accounted for over three-fifths of London’s GVA in three industries (transportation and storage; construction; and manufacturing).