Gross domestic product (GDP), pounds sterling in Wales

Gross domestic product (GDP), pounds sterling in Wales was £100.33 billion in 2024, according to the Office for National Statistics (United Kingdom). That is up 4.4% from 2023.

2024, GBP million100,327 Provisional
Change on 2023+4.4%
Series high100,3272024
Series low37,2281998

Gross domestic product (GDP), pounds sterling in Wales, 1998 to 2024

20K40K60K80K100K120K19982002200620102014201820241998: 37,228 GBP million1999: 38,214 GBP million2000: 39,970 GBP million2001: 41,308 GBP million2002: 43,045 GBP million2003: 45,822 GBP million2004: 48,620 GBP million2005: 50,828 GBP million2006: 53,563 GBP million2007: 55,786 GBP million2008: 56,319 GBP million2009: 55,413 GBP million2010: 57,266 GBP million2011: 59,946 GBP million2012: 61,964 GBP million2013: 64,326 GBP million2014: 66,269 GBP million2015: 68,174 GBP million2016: 70,809 GBP million2017: 73,357 GBP million2018: 76,163 GBP million2019: 79,644 GBP million2020: 74,754 GBP million2021: 80,134 GBP million2022: 88,626 GBP million2023: 96,098 GBP million2024: 100,327 GBP million
GBP million. Source: Office for National Statistics, Regional gross domestic product: all ITL regions, GDP at current market prices, pounds million (ONS, Table 5). Retrieved 2026-10-11, published 2026-09-23.
All 27 values
PeriodGBP million
2024100,327 Provisional
202396,098
202288,626
202180,134
202074,754
201979,644
201876,163
201773,357
201670,809
201568,174
201466,269
201364,326
201261,964
201159,946
201057,266
200955,413
200856,319
200755,786
200653,563
200550,828
200448,620
200345,822
200243,045
200141,308
200039,970
199938,214
199837,228

Definition

Regional GDP at current market prices (nominal, not adjusted for price changes), millions of pounds sterling. The Office for National Statistics builds it from the balanced measure of gross value added (GVA(B)) plus VAT and other taxes on products less subsidies on products. United Kingdom ITL1 regions (the nine English regions, Wales, Scotland and Northern Ireland) and local authorities.

In pounds sterling at current prices, so it is not comparable with gdp (euros), gdp_nzd (New Zealand dollars) or gdp_usd (US dollars) without a conversion, and it is not adjusted for inflation. Estimates are workplace based: output is allocated to the place where the activity happens. The latest year is provisional. The ONS suppressed some local authorities in Wales, Scotland and south west England in its September 2026 release and expects to publish them later.

How to cite

Office for National Statistics. Regional gross domestic product: all ITL regions, GDP at current market prices, pounds million (ONS, Table 5). Contains public sector information licensed under the Open Government Licence v3.0. https://www.ons.gov.uk/economy/grossdomesticproductgdp/datasets/regionalgrossdomesticproductallnutslevelregions/1998to2024. Retrieved 2026-10-11.

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Questions

What is the gross domestic product (GDP), pounds sterling in Wales?

Gross domestic product (GDP), pounds sterling in Wales was £100.33 billion in 2024, according to the Office for National Statistics (United Kingdom). That is up 4.4% from 2023.

Where does this figure come from?

Office for National Statistics (United Kingdom). Regional gross domestic product: all ITL regions, GDP at current market prices, pounds million (ONS, Table 5). Retrieved by Invokely on 2026-10-11.

What was the highest gross domestic product (GDP), pounds sterling in Wales?

£100.33 billion in 2024, the highest value since 1998 in this series.

Gross domestic product (GDP), pounds sterling elsewhere in United Kingdom

Related statistics for Wales

All statistics for Wales