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      Chapter

      150 years of regional GDP
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      Chapter

      150 years of regional GDP

      DOI link for 150 years of regional GDP

      150 years of regional GDP book

      United Kingdom and Ireland

      150 years of regional GDP

      DOI link for 150 years of regional GDP

      150 years of regional GDP book

      United Kingdom and Ireland
      ByFrank Geary, Tom Stark
      BookThe Economic Development of Europe’s Regions

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      Edition 1st Edition
      First Published 2018
      Imprint Routledge
      Pages 33
      eBook ISBN 9780429449789
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      ABSTRACT

      This chapter presents a snapshot of the regional output (GDP/GVA) structure of the British Isles using data for 14 census years between 1861 and 2011. It summarizes the steps employed to make the estimates of United Kingdom (UK) regional GDP. The chapter examines the structure of regional GDP in the UK and its development: a clear pattern emerges. The estimates require three sets of data: labour force by sector and region; aggregate GDP and aggregate GDP by sector; and productivity relatives usually obtained from wage relatives comparing sector wages in each region with the UK sector wage. From the 1990s, the fall in London’s share of GDP was decisively reversed as deregulation of financial markets allowed the city to become the world’s largest foreign exchange, banking and financial centre. Dublin’s GDP per head is clearly on a par with London, and both cities have much in common – financial centres, administrative centres, major tourist attractions and cosmopolitan populations.

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