(Title Image: Wales Online)
Wales ranked 11th of the UK’s 12 nations and regions for economic productivity during 2018, after spending many years at the bottom.
Welsh Gross Value Added (GVA) – a measure of what the economy produces – stood at £65.1billion ($85.9billion) in 2018, an increase of 3.3% on 2017 (UK 3.1%).
GVA-per-person stood at £20,738 ($27,389), placing Wales slightly ahead of North-East England in the rankings; however, it remains just 72.8% of the UK per-capita figure.
The only sub-region of Wales with productivity higher than the UK average during 2018 was Cardiff & Vale of Glamorgan, with the Isle of Anglesey standing at just 52.7% of the UK per-capita average.