GVA per full-time equivalent target

Our target to reduce the gap in productivity

Gross Value Added (GVA) measures the contribution to the economy of each individual producer, industry or region in the United Kingdom. GVA per full-time equivalent (FTE) job is a way of measuring productivity. The North East Strategic Economic Plan sets a target to reduce the gap between the North East LEP area and England excluding London on GVA per FTE by 50% by 2024. 


Between 2014 and 2015, the gap between the North East LEP area and England excluding London had increased by 9%. 


However, there has been a discontinuity in the data that underpins the FTE element of this measure.  Changes have also been made to regional GVA data (with a new balanced GVA figure published for the first time in December 2017) and there is a case that it would be more appropriate to use an alternative indicator. As a result, this target is being reviewed by the North East LEP, in consultation with partners. Once the revised target is agreed, data will be provided on this page.