GVA in London's local authorities

Current Issues Note 55 looks at GVA in London's local authorities.

Westminster had the highest level of GVA of any London LA in 2015 producing output worth £53.6 billion, followed by the City of London at £46.7 billion, while Barking and Dagenham had the lowest GVA of any London LA in 2015 at £3.3 billion.

A number of London’s LAs also contributed a significant portion of the UK’s total GVA with Westminster and the City of London each contributing 3.2% and 2.8% respectively of all the UK’s GVA in 2015.

There exists a large variance of GVA per employee job between London’s LAs, with the City of London producing GVA per employee job of £106,663 in 2015, while Greenwich produced a GVA per employee job of £58,623.