The average worker in London contributed on 61.5% more to the UK economy than the national productivity average in 2019.
Data released by the Office for National Statistics shows that there is still a huge gap in productivity between the nations richest and poorest regions.
But despite its low levels, productivity in Wales increased by more than 2% between 2018 and 2019. The fastest of any region.
If this trend continues it could facilitate faster economic growth in the region.
Lower productivity in a workforce can stunt economic growth, and can be an indicator that a workforce is undertrained.
Being productive is measured by dividing the value added to the economy from a given job by the amount of time worked.
Todd Bailey, a statistician at the ONS Productivity Group, says increasing the efficiency of people at work is important to improving a region’s economy.
“In the grand scheme of things, increasing productivity is the main way to allow increases in the standard of living”.
“We can increase the efficiency of the workforce to produce more goods and services.”. Which, he says, can then be bought by the public to benefit the region in which they were made.
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HeadlineLondoners have 50% more productivity than the national average
Short HeadlineLondoners 50% more productive than UK average
StandfirstThe South East was the second most productive region in 2019, whilst Wales had the least efficient workforce.
The average worker in London contributed on 61.5% more to the UK economy than the national productivity average in 2019.
Data released by the Office for National Statistics shows that there is still a huge gap in productivity between the nations richest and poorest regions.
But despite its low levels, productivity in Wales increased by more than 2% between 2018 and 2019. The fastest of any region.
If this trend continues it could facilitate faster economic growth in the region.
Lower productivity in a workforce can stunt economic growth, and can be an indicator that a workforce is undertrained.
Being productive is measured by dividing the value added to the economy from a given job by the amount of time worked.
Todd Bailey, a statistician at the ONS Productivity Group, says increasing the efficiency of people at work is important to improving a region’s economy.
“In the grand scheme of things, increasing productivity is the main way to allow increases in the standard of living”.
“We can increase the efficiency of the workforce to produce more goods and services.”. Which, he says, can then be bought by the public to benefit the region in which they were made.
