Gross Value Added by industry sector
Total GVA for the Lancashire-14 area amounted to £27.7 billion in 2014, of which a substantial 18.0% was allocated to the manufacturing (UK=10.7%). In contrast, Lancashire-14 was under-represented in the information and communication, financial and insurance, real estate, plus the professional, scientific and technical sector. These four sectors are associated with high value activities, but in Lancashire-14 they together accounted for just 21.1% of the area's GVA (UK=33.8%).
The manufacturing sector is further divided into 13 sub-sectors. The most important manufacturing sub-sector in the county, transport equipment, is dominated by the all-important local aerospace industry. The manufacturing sub-sector of food products, beverages and tobacco is the second most important in terms of value generated.
Local Gross Value Added by Industry (PDF, 172 KB)
Page updated July 2016