Page 88 - Minutes of meeting
P. 88
The Productivity Challenge
Size of the Economy
Barrow’s economy is distinctive in that it has seen GVA per head* (£), 1998-2018
its productivity gap per head narrow relative to the
national average over the past ten years. The
productivity gap in GVA per head between Barrow
and England narrowed from £3,480 in 1998 to
£2,516 in 2018, which has been driven by
productivity gains in sectors such as advanced
manufacturing.
However, the benefits of this economic growth have
been unevenly spread, with stark inequalities
exhibited amongst the residential population of the
Town Deal area.
* Real Estate Activities are excluded.
Source: Regional GVA (Balanced), ONS, 2019; Population Estimates,
ONS, 2019
