Economic activity as measured by gross value added (GVA) at current basic prices increased in all regions during 1989 to 2004. The rate of increase varied between the regions. The biggest growth in 2004, compared with 2003, was 5.3 per cent in East Midlands; followed by 5.1 per cent in North East and Yorkshire and Humber. The lowest growth rate was 3.5 per cent in London.
The average GVA per head of population for the UK as a whole was £16,800 in 2004. London had the highest regional GVA per head of population at £22,200; followed by the South East with £19,500. With £18,300, the East of England was the only other region to have a GVA per head of population higher than the national average. Wales has the lowest GVA per head of population at £13,300.
London had the largest share of GVA, 16.4 per cent, of the UK total, excluding Extra-regio, in 2004. Northern Ireland had the lowest share, 2.3 per cent.