GVA at current market price (GDP) from 2012 to 2020 at NUTS 2 level is shown in Figure 4.1. Details of the NUTS 2 classification can be viewed in Table 5.1 (see Background Notes). Current Market Price refers to the amount of money actually paid by the end user. It includes Product Taxes (e.g., VAT), Non-Product Taxes on Production (such as local authority Rates) and excludes Product Subsidies (such as for public transport) and Non-Product subsidies (such as farm modernisation Subsidies) received by the producer.
A further increase in GDP for the Eastern and Midland region in 2020 is observed in Figure 4.1, continuing the trend of strong year-on-year growth from 2012 onwards. GDP for the Eastern and Midlands region stands at €193.6 billion for 2020, representing a 6.5% increase from 2019. The Southern region has reported GDP amounting to €153.9 billion for 2020, while GDP in the Northern and Western region has decreased to €25.2 billion for 2020 and still significantly lags behind the rest of the county.
Index of GVA per person at basic price at NUTS3 level where the state average equals 100 is shown in Map 4.1. The monetary values of GVA at basic price are shown in Table 5.9c. Supporting what is observed in Figure 4.1, the largest GVA per capita values are seen in the South-West with an index of 190.9 and GVA of €135,511 per person, followed by Dublin with an index of 149.1 and GVA of €105,842 per person. While the Eastern region has a substantially larger total GVA than the Southern region, on a per capita basis the South-West leads Dublin. This is attributed to the large GVA being reported in the Southern region being distributed over a smaller population when compared with the Eastern region, including Dublin city and county.
GVA per capita follows a similar trend as disposable income per capita. Areas of high GVA are concentrated around Dublin, the East Coast and the South-West while areas of lower GVA per person are in the West (index: 49.5 and GVA: €35,107 per person), Midlands (index: 26.6 and GVA: €18,858 per person) and the Border region (index: 25 and GVA: €17,725 per person). The areas of lowest GVA are also the areas that lack economic sectors like Industry and Information and Communication, and are largely reliant on Public Administration to generate value and employment in the region.
