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TwitterThe trade, hotels, transport, and communication industries had the highest GVA growth rate of ** percent among all other industries in India in the financial year 2022. Overall, the services sector registered the highest growth compared to the agriculture and industry sectors. Public administration, defense and other services industries were expected to have a GVA growth of over **** percent in the financial year 2025.
What is GVA?
GVA or gross value added is the value of goods and services produced by an industry, sector, manufacturer, or region in an economy and is used to calculate the GDP of a country. GDP combines all GVA values across industries, levies taxes, and subsidies. While GDP calculates an overall number of goods produced by a nation, GVA measures the value added to the product. It is the difference between gross and net production. The sectoral analysis provided by GVA helps policymakers create sector-specific policies and make decisions regarding incentives. The National Statistical Office (NSO) publishes estimates of GVA in India on a quarterly and annual basis, elaborating on eight main types of commodities.
Services sector In India
India’s services sector covers a wide range of industries including trade, hotels, restaurants, IT-BPM, storage, communication, financing, insurance, real estate, business services, etc. Numerous government projects like Smart Cities, Clean Cities, and Digital India are strengthening the growth of the services sector. The sector also attracts significant foreign direct investment and contributes massively to exports, although agriculture accounts for the majority of the employed population.
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TwitterThis Annual GVA series is our most accurate estimate of Digital Sector GVA. These Economic Estimates are Accredited Official Statistics used to provide an estimate of the contribution of the Digital Sector and its associated subsectors to the UK, measured by GVA (gross value added).
This is the first release of provisional annual estimates for 2023, and Blue Book 2024 inclusive revisions to 2019 to 2022 annual estimates. The provisional Annual GVA estimates for 2023 for the Digital Sector will be revised in our next release, upon updates to underlying ABS data, and further revised in the following statistical release to include Blue Book 2025 revisions. Our next release is planned to include a full analytical report providing additional analysis on our produced GVA estimates.
This release includes a methodology update to the deflators used to remove the effects of inflation in our chained volume measure estimates. A summary of the revisions to 2019 to 2022 estimates as part of this release can be found in the accompanying revisions report.
This is a continuation of the Digital Sector Economic Estimates: Annual GVA release series, previously produced by the Department for Culture, Media and Sport (DCMS). Responsibility for Digital and Telecommunications policy now sits with the Department for Science, Innovation and Technology (DSIT).
Findings in this release are calculated based on the published Office for National Statistics (ONS) https://www.ons.gov.uk/economy/nationalaccounts/supplyandusetables/datasets/supplyanduseofproductsandindustrygvaukexperimental">Supply and Use Tables, ONS https://www.ons.gov.uk/economy/grossdomesticproductgdp/datasets/ukgdpolowlevelaggregates">Gross Domestic Product (GDP) low-level aggregates and the ONS https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/methodologies/annualbusinesssurveyabs">Annual Business Survey (ABS).
The Supply and Use Tables (SUT) report balanced GVA at the 2-digit Standard Industrial Classification (SIC) code level up to 2022. SUT GVA is consistent with UK</a
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Annual estimates of balanced UK regional gross value added (GVA(B)). Current price estimates, GVA per head and annual growth for UK countries, ITL1, ITL2 and ITL3 areas, with a broad industry breakdown and income components.
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TwitterIn January 2025, the UK's gross value added (GVA) increased by *** percent when compared with the same period in 2023. During this time period, the fastest growth was in the transportation and storage sector, which grew by *** percent. By contrast, GVA in the sector of 'other service activities' shrank by *** percent.
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GVA estimates for middle layer super output areas, travel to work areas (TTWA), towns and cities, integrated care board and health board areas, parliamentary and devolved government constituencies, highlands and islands area offices, and bespoke areas. Productivity estimates are for TTWA, and towns and cities. These are official statistics in development.
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TwitterAll estimates in this release are presented in 2022 prices and in chained volume measures. Estimates are provisional and subject to planned revisions. The index of estimated monthly GVA shows the growth or decline of each sector or subsector relative to January 2019. Estimates of monthly GVA (£ million) are used to determine percentage change over the relevant time periods mentioned here.
Telecommunications is a subsector of the Digital Sector. Due to specific interest in this sector, we have provided additional headline figures:
13 June 2024
This is a continuation of the Digital Economic Estimates: Monthly GVA series, previously produced by Department for Culture, Media and Sport (DCMS). Responsibility for Digital and Telecommunications policy now sits with the Department for Science, Innovation and Technology (DSIT).
These estimates are Official Statistics, used to provide an estimate of the economic contribution of the Digital Sector, in terms of Gross Value Added (GVA), for the period January 2019 to March 2024. This current release contains new figures for January 2024 to March 2024.
Estimates are in chained volume measures (i.e. have been adjusted for inflation), at 2022 prices, and are seasonally adjusted. These latest monthly estimates should only be used to illustrate general trends, not used as definitive figures.
You can use these estimates to:
You should not use these estimates to:
These findings are calculated based on published Office for National Statistics (ONS) data sources including the Index of Services and Index of Production.
These data sources are available for industrial ‘divisions’, whereas the Digital Sector is defined using more detailed industrial ‘classes’. This represents a significant limitation to this statistical series; the implications of which users should be aware of.
ONS data used in this release only captures trends (i.e. changes over time) for ‘divisions’; with trends for ‘classes’ estimated from their overarching division. Therefore, differing changes in class levels within a division cannot be captured within these estimates. This presents an issue when creating our statistical series as classes wi
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United States US: GDP: Growth: Gross Value Added: Industry data was reported at 0.122 % in 2016. This records a decrease from the previous number of 1.917 % for 2015. United States US: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 2.074 % from Dec 1998 (Median) to 2016, with 19 observations. The data reached an all-time high of 5.448 % in 1999 and a record low of -6.184 % in 2009. United States US: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
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United Kingdom UK: GDP: Growth: Gross Value Added: Services data was reported at 1.516 % in 2017. This records a decrease from the previous number of 1.846 % for 2016. United Kingdom UK: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 2.632 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 4.829 % in 1997 and a record low of -2.785 % in 2009. United Kingdom UK: GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
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TwitterThis data has been revised since publication. Please see DCMS Sectors Economic Estimates: Regional GVA 2023 for the latest estimates from 2010 to 2023.
These estimates do not yet incorporate the latest scheduled GVA revisions and rebasing to 2022 prices from the ONS National Accounts Blue Book 2024. This year we saw substantial revisions to our Annual GVA estimates for DCMS sectors, including current price estimates and growth rates over time. We expect these revisions will impact our DCMS sector Regional GVA estimates too, particularly in terms of current price estimates and growth rates over time by region. Estimates of the proportion of DCMS sector GVA in each region, may also be affected by ONS revisions but we will not know if this is the case, or the extent of any changes, until revised regional GVA data is available.
Our DCMS sector regional GVA estimates use data from the ONS Regional GVA balanced tables and the next release of this data is https://www.ons.gov.uk/releases/regionaleconomicactivitybygrossdomesticproductuk1998to2023">provisionally announced for April 2025. We will use this data to produce and publish updated DCMS sector Regional GVA estimates up to 2023 in May/June, including revisions to data for earlier years. In the meantime, we advise users to apply caution when using DCMS sector Regional GVA data and recommend focusing on regional proportions, rather than current price estimates or growth rates by region. $CTA
These Economic Estimates are Official Statistics used to provide an estimate of the contribution of DCMS Sectors to each region in the UK, measured by GVA (gross value added). This is the first release of regional estimates for 2021, and provisional regional estimates for 2022.
These statistics cover the contributions of the following sectors to the UK economy:
Users should note that there is overlap between DCMS sector definitions and that several Cultural Sector industries are simultaneously Creative Industries.
Estimates of Tourism and Civil Society GVA are not available at present, due to a lack of suitable data.
These statistics were first published on 27 June 2024.
DCMS aims to continuously improve the quality of estimates and better meet user needs. Feedback should be sent to DCMS via email at evidence@dcms.gov.uk.
These official statistics were independently reviewed by the Office for Statistics Regulation (OSR) in June 2019. They comply with the standards of trustworthiness, quality and value in the https://code.statisticsauthority.gov.uk/">Code of Practice for Statistics and should be labelled accredited official statistics. Accredited official statistics are called National Statistics in the Statistics and Registration Service Act 2007.
Our statistical practice is regulated by the OSR. OSR sets the standards of trustworthiness, quality and value in the Code of Practice for Statistics that all producers of official statistics should adhere to.
You are welcome to contact us directly with any comments about how we meet these standards by emailing evidence@dcms.gov.uk. Alternatively, you can contact OSR by emailing regulation@statistics.gov.uk or via the OSR website.
The responsible analyst for this release is Rachel Moyce. For further details about the estimates, or to be added to a distribution list for future updates, please email us at evidence@dcms.gov.uk.
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Breaking down local authority level annual gross value added (GVA) statistics to lower levels of geography. These are official statistics in development.
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TwitterGVA (gross value added) is an indicator of the economic activity of a country or a region. It reflects the total value of all goods and services produced less the value of goods and services used for intermediate consumption in their production. Several years ago Eurostat has started to collect real growth rates of regional GVA at NUTS level 2 fom those Member States which calculate this already. The indicator is part of the ESA 2010 data transmission programme, but the transmission will be obligatory only as from the end of 2017.
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TwitterOver the period observed, the Gross Value Added (GVA) in Poland has fluctuated. In 2020, the rate declined by two percent due to the COVID-19 pandemic. In 2024, the GVA increased by *** percent y/y.
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TwitterThis release is intended to be used for assessing regional trends and differences. For total national GVA, including changes over time, please see the previous DCMS and digital sector GVA 2022 (provisional) publication.
This is a continuation of the Digital Sector Economic Estimates: Regional GVA release series, previously produced by the Department for Culture, Media and Sport (DCMS). Responsibility for Digital and Telecommunications policy now sits with the Department for Science, Innovation and Technology (DSIT).
These Economic Estimates are Accredited Official Statistics used to provide an estimate of the contribution of the Digital Sector to each region in the UK, measured by GVA (gross value added). This is the first release of regional estimates for 2021 and 2022.
These findings are calculated based on both the published Office for National Statistics (ONS) Regional Gross Value Added balanced tables and the ONS Annual Business Survey (ABS).
The Regional GVA balanced tables produced by the Regional Accounts team at ONS report GVA at the 2-digit Standard In
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China GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 4.052 % in 2023. This records a decrease from the previous number of 4.203 % for 2022. China GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 3.961 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 12.900 % in 1964 and a record low of -2.200 % in 1977. China GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural, forestry, and fishing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Agriculture corresponds to ISIC divisions 01-03 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.
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Israel IL: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 1.112 % in 2016. This records an increase from the previous number of 0.168 % for 2015. Israel IL: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 2.177 % from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 14.656 % in 2010 and a record low of -10.022 % in 2001. Israel IL: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
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Gross Value Added measures the value generated in the production of goods and services. It is one measure of overall economic performance.
This dataset shows Gross Value Added at current basic prices (which include the effects of inflation), in Pounds (£). The measure shown is Balanced GVA, that is GVA(B).
The data shows the total annual GVA(B) figure in billions of pounds, and then as pounds per head. Another figure is also included in the dataset, showing GVA(B) in pounds per head as a percentage of the equivalent UK figure.
The most recent year's data is normally provisional, with finalised data being shown in the next year's update. Data that is provisional is indicated within the dataset. Historical data is subject to revision.
This data is updated annually. For more information about the GVA(B) data and its methodology, please refer to the source link to the Office for National Statistics (ONS).
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TwitterThis tables-only publication has been updated and replaced by the full annual GVA release, including report and estimates for tourism and DCMS overall.
These Economic Estimates are accredited official statistics used to provide an estimate of the contribution of DCMS sectors to the UK economy, measured by GVA (gross value added). This release includes annual estimates for 2010 to 2022, and provisional annual estimates for 2023.
This year, we have seen substantial revisions to GVA estimates for DCMS sectors to previously published data to 2022. This is due to revisions made by the Office for National Statistics (ONS) to the underlying data which these estimates are based on. GVA estimates are subject to scheduled revisions as more and higher quality data becomes available, and more information about this is available in the ONS article on https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/articles/gdprevisionsinbluebook2020/2024">GDP revisions in Blue Book: 2024. Further information of the impact of these revisions on DCMS sector GVA is available in the technical report above.
This is a tables-only update to our Annual GVA publication, brought forward following the impact of scheduled ONS revisions in the National Accounts Blue Book 2024 on GVA estimates for DCMS sectors. A more complete release will follow in early 2025.
These statistics cover the contributions of the following DCMS sectors to the UK economy;
Users should note that there is overlap between DCMS sector definitions and that several cultural sector industries are simultaneously creative industries.
The release also includes estimates for the audio visual sector and computer games subsector.
Tourism data is not available in this release due to data lags. We will be publishing updated estimates for tourism in a more complete Annual GVA release in early 2025. Previous estimates for tourism are available in the DCMS Annual GVA 2022 release
We have separately published ad hoc statistics for the art and antiques market. Annual GVA estimates for the art and antiques market have been published here alongside economic estimates on employment and trade.
Provisional 2023 estimates show that:
Following the revisions made by ONS to the underlying data, the 2022 data shows that:
Further information about these revisions, including how the latest 2022 figures compare to the estimates before the revisions, is available in the technical report above.
First published on 19 December 2024.
DCMS aims to continuously improve the quality of estimates and better meet user needs. Feedback and responses should be sent to DCMS via email at evidence@dcms.gov.uk.
These official statistics were independently reviewed by the Office for Statistics Regulation (OSR) in June 2019. They comply with the standards of trustworthiness, quality and value in the <a rel="external" href="https://code.stat
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TwitterThese estimates are the first to include scheduled revisions from the Office for National Statistics (ONS) National Accounts Blue Book 2024. National Accounts Gross Value Added (GVA) estimates incorporate scheduled revisions as more data becomes available. These revisions have affected monthly GVA data back to the start of our series (2019) for many industries in DCMS sectors.
We expect revisions to GVA in the National Accounts Blue Book 2024 to affect our annual GVA estimates too. Annual GVA is more robust than this monthly data, but the annual data currently available does not incorporate these revisions. To address this, we are bringing forward a tables-only update to our Annual GVA publication to 19 December 2024. A more complete release will follow in January 2025.
Alongside these quarterly releases, we often sum monthly GVA to produce or update estimates for each calendar year. All of the data required to calculate these estimates is available in the published tables. At the time of publication, Blue Book revisions have not yet been applied to our more robust, annual GVA measure. We have not presented summed monthly data here this quarter to reduce the risk of confusion.
All level estimates in this release are presented in 2022 prices.
In September 2024, these early estimates indicate that GVA by DCMS sectors fell by around 1.0% compared to August 2024, while GVA by the UK as a whole fell by 0.1%.
Looking at the quarter as a whole, in the three months to September 2024, GVA by the included DCMS sectors is estimated to have grown slightly by 0.2% compared with the three months to June 2024, while the UK economy as a whole is estimated to have grown slightly by 0.1%.
Since February 2020 (pre-pandemic), these early estimates indicate that included DCMS sector GVA has grown at a slightly slower rate than the UK as a whole at a 2% increase compared to 3% for the UK economy, though trends vary by sector.
27 November 2024
The DCMS Sector total reported here includes civil society, creative industries, cultural sector, gambling and sport. Tourism is not included as the data is not yet available (see note in data table).
These Economic Estimates are Official Statistics, used to provide an estimate of the economic contribution of DCMS sectors, in terms of gross value added (GVA), for the period January 2019 to September 2024. This current release contains first estimates for July to September 2024.
Estimates are in chained volume measures (i.e. have been adjusted for inflation), at 2022 prices, and are seasonally adjusted. These latest monthly estimates should only be used to illustrate general trends, not used as definitive figures.
You can use these estimates to:
You should not use these estimates to:
The estimates are calculated based on published ONS data sources including the Index of Services and Index of Production.
These data sources provide an estimate of the monthly change in GVA for all UK industries. However, the data is only available for broader industry groups, whereas DCMS sectors are defined at a more detailed industrial level. For example, GVA for ‘cultural education’ (a sub-sector of the cultural sector within the DCMS sectors) is estimated based on the trend for all education. Sectors such as ‘cultural education’ may have been affected differently by COVID-19 compared to education in general. These estimates are also based on the composition of the economy in 2022. Overall, this means the accuracy of monthly GVA for DCMS sectors is likely to be lower for months in 2020 and 2021.
The technical guidance contains further information about data sources, methodology, and the validation and accuracy of these estimates. The latest version of this guidance was published in November 2023.
These statistics cover the contributions of the following sectors to the UK economy.
Users should note that there is ove
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TwitterThe statistic shows the impact artificial intelligence (AI) will potentially have on the real gross value added (GVA) growth rates of various industries worldwide by 2035. In 2035, with artificial intelligence absorbed into the economy, the information and communication industry could potentially increase their gross value added growth rate by *** percent, *** percent above the *** percent GVA increase in the non-AI scenario.
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This report has been updated to include revised estimates for tourism, and for the DCMS sector total including tourism. The changes reflect revisions made by the ONS to the https://www.ons.gov.uk/economy/nationalaccounts/satelliteaccounts/datasets/uktourismsatelliteaccounttsatables">Tourism Satellite Account estimates for 2016 to 2019.
These Economic Estimates are accredited official statistics used to provide an estimate of the contribution of DCMS sectors to the UK economy, measured by GVA (gross value added). This release includes annual estimates for 2010 to 2022, and provisional annual estimates for 2023.
This year, we have seen substantial revisions to GVA estimates for DCMS sectors to previously published data to 2022. This is due to revisions made by the Office for National Statistics (ONS) to the underlying data which these estimates are based on. GVA estimates are subject to scheduled revisions as more and higher quality data becomes available, and more information about this is available in the ONS article on https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/articles/gdprevisionsinbluebook2020/2024">GDP revisions in Blue Book: 2024. Further information of the impact of these revisions on DCMS sector GVA is available in the technical report above.
This is the full release and report of our Annual GVA publication, updating the tables-only release published on 19 December 2024 that was brought forward following the impact of scheduled ONS revisions in the National Accounts Blue Book 2024 on GVA estimates for DCMS sectors. This release includes new estimates for tourism and DCMS overall, and a report on the latest estimates.
There are limitations when comparing tourism GVA estimates over time. Although the TSA revisions have improved the comparability of data in some cases, there are still limitations when comparing tourism GVA estimates over time. In particular there is a break in the TSA time series in 2022, meaning that estimates from 2022 onwards are not directly comparable with earlier years. This is due to changes in methodology to VisitEngland’s Great Britain Tourism Survey (GBTS) which is a critical data source for estimating domestic tourism expenditure and, therefore, tourism direct GVA in the ONS TSA, the underlying data source for these estimates. The GBTS survey methodology changed in 2020, however full years of data were not collected in 2020 or 2021 due to the pandemic, and the TSA for these years uses alternative data sources and new modelling techniques. VisitEngland’s Great Britain Tourism Survey (GBTS) is currently labelled as official statistics in development. Further information is available on https://www.visitbritain.org/research-insights/great-britain-domestic-overnight-trips-archive#gbts-2022-and-2023-archive">VisitBritain’s website. As a result, we advise caution when comparing data for tourism and DCMS sectors overall (including tourism) for 2022 and 2023 with earlier years. It is not possible to separate out the impact of changes in methodology to the underlying VisitEngland data and therefore we do not know how much the trends we are seeing are driven by these methodological changes. Further information is available in the report and in the technical report.
These statistics cover the contributions of the following DCMS sectors to the UK economy;
Users should note that there is overlap between DCMS sector definitions and that several cultural sector industries are simultaneously creative industries.
The release also includes estimates for the audio visual sector and computer games subsector.
We have separately published ad hoc statistics for the art and antiques market. Annual GVA estimates for the art and antiques market have been published here alongside economic estimates on employment and trade.
Provisional 2023 estimates show that:
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TwitterThe trade, hotels, transport, and communication industries had the highest GVA growth rate of ** percent among all other industries in India in the financial year 2022. Overall, the services sector registered the highest growth compared to the agriculture and industry sectors. Public administration, defense and other services industries were expected to have a GVA growth of over **** percent in the financial year 2025.
What is GVA?
GVA or gross value added is the value of goods and services produced by an industry, sector, manufacturer, or region in an economy and is used to calculate the GDP of a country. GDP combines all GVA values across industries, levies taxes, and subsidies. While GDP calculates an overall number of goods produced by a nation, GVA measures the value added to the product. It is the difference between gross and net production. The sectoral analysis provided by GVA helps policymakers create sector-specific policies and make decisions regarding incentives. The National Statistical Office (NSO) publishes estimates of GVA in India on a quarterly and annual basis, elaborating on eight main types of commodities.
Services sector In India
India’s services sector covers a wide range of industries including trade, hotels, restaurants, IT-BPM, storage, communication, financing, insurance, real estate, business services, etc. Numerous government projects like Smart Cities, Clean Cities, and Digital India are strengthening the growth of the services sector. The sector also attracts significant foreign direct investment and contributes massively to exports, although agriculture accounts for the majority of the employed population.