This was only the 98th highest rate of growth among the UK’s 173 NUTS3 regions and was the second time in four years that Buckinghamshire has failed to better the national rate of growth.  Since 2011, Buckinghamshire’s growth in economic output has trailed that of all its neighbouring NUTS3 regions with the exception of Berkshire.  However, the 23.1 per cent growth in the county’s economic output since 2011 is the 40th highest seen in any UK NUTS3 region, ranking 26th for growth since 2007.

Table 1: GVA and GVA per capita, 2016 (NUTS 4, 3, 2, 1, 0)

Source: Regional Accounts, ONS, 2017

At £30,106, Buckinghamshire’s GVA per capita is the 30th highest of the UK’s NUTS3 regions, 13.1 per cent above the national level, with South Bucks and Wycombe both ranking in the top 50 of the 380 local authorities in Great Britain.  Buckinghamshire’s GVA per capita grew 1.5 per cent in 2016, well below the 2.9 per cent seen across the UK.  This was only the second time since 2007 that Buckinghamshire has seen growth below the national level.  Since 2011, Buckinghamshire’s GVA per capita has grown 20.2 per cent, compared to 15.5 per cent across the UK.

With 84.4 per cent of GVA derived from the service industries, Buckinghamshire has the 30th most service orientated of the 173 NUTS3 regions in the UK, ranking 15th outside London.  However, since 2011, service sector output in the county has grown more slowly than both construction and manufacturing (see chart 2 below).

The raw data can be accessed here.

Chart 1: Annual GVA growth over time (UK=100 for each year)

Source: Regional Accounts, ONS, 2017

Chart 2: % GVA change by sector

Source: Regional Accounts, ONS, 2017