
• Gross Value Added in South West Wales was £10.0 billion in 2004. South West Wales is home to nearly 20,000 VAT registered businesses and has a workforce of 280,000 people.
• At £11,600, GVA per head of the population in South West Wales in 2004 was 68 per cent of the UK average.
• There are 500 VAT registered businesses per 10,000 working age population in South West Wales, compared to 475 for Wales and 519 across the UK.
• At 5.4 per cent, the unemployment rate in South West Wales for the year to March 2007 was much the same as that for Wales as a whole and the UK (both 5.3 per cent).
• The employment rate in South West Wales was 69.9 per cent of the working age population, a little below the Wales average and well below the UK average (71.0 and 74.1 per cent respectively).
• The service sector accounted for 79 per cent of jobs in South West Wales in 2005, a little above the figure for Wales (77 per cent) but below the average for the UK (81 per cent).
• Full-time average earnings in South West Wales in April 2007 were £459.2 per week, below the £472.1 for Wales as a whole and 84 per cent of the UK average.
Source: StatsWales