Buckinghamshire is one of only eight LEPs where productivity is above that of England’s and is one of only 48 NUTS3 regions to better UK productivity.

The productivity of Buckinghamshire’s NUTS 2 area - Berkshire, Buckinghamshire & Oxfordshire - ranked 4th among the UK’s 40 NUTS 2 regions behind Inner London West, Inner London East and Outer London West and North West, but saw growth of only 1.9 per cent, only the 32nd strongest performance among NUTS2 areas and well below the 2.5 per cent recorded across England.  Of its four constituent NUTS3 areas, only Milton Keynes’ growth of 3.0 per cent bettered the UK’s 2.5, ahead of Oxfordshire (2.4), Buckinghamshire (1.6), and Berkshire (1.4).

Buckinghamshire’s real productivity fell for a second successive year in 2017, while hours worked rose to a record high of 8.5m per week.  Since 2012, real productivity in Buckinghamshire has fallen 2.2 per cent while rising 2.8 per cent across the UK and 4.2 per cent across the South East.  Buckinghamshire’s real productivity is now the same as in 2008, over the same period real national productivity has risen 1.9 per cent.

Chart 1: GVA per hour worked over time (UK=100 for each year), top ranked English NUTS 3 regions outside London, 2017 

Source: ONS, 2018

At £61,048, Buckinghamshire’s GVA per filled job was 12.4 per cent above the national level, ranking 24th among NUTS3 regions, with 45 bettering the national level.  When imputed rental values are excluded from calculations, Buckinghamshire’s productivity is 5.7 per cent above the national level, to rank 27th among NUTS3 regions.

Table 1: GVA per hour worked and per filled job, selected regions 2017

Source: ONS, 2019

Chart 2: Real productivity change, 2012-17 by LEP, %

Source: ONS, 2019

Table 2: GVA per hour worked and per filled job by LEP, 2017

Source: ONS, 2019

Raw data are available here > 

And for Local Enterprise Partnerships here >