Page 90 - Minutes of meeting
P. 90

The Productivity Challenge

       Composition of the Economy



                                                                                                                    Barrow has a unique economic composition with
     GVA by Industry, 2018 (£m)
                                                                                                                    strong specialisms in manufacturing which has

                                                                                                                    driven the high levels of productivity growth over
                                                                                                                    the past 5 years. The top five contributors to
                                                                                                                    Barrow’s GVA are:


                                                                                                                    + Manufacture of metals, electrical products and
                                                                                                                        machinery (£525m and 34.3% of total)


                                                                                                                    + Human health and residential care activities
                                                                                                                        (£113m and 7.4% of total)


                                                                                                                    + Agriculture, mining, electricity, gas, water and
                                                                                                                        waste (£108 million and 7% of total)


                                                                                                                    + Land, water and air transport (£108 million and
                                                                                                                        7% of total)


                                                                                                                    + Retail trade (£102 million and 6.7% of total)















  Source: Regional GVA (Balanced), ONS, 2019
   85   86   87   88   89   90   91   92   93   94   95