Regional Economic Performance PSA indicators

The Comprehensive Spending Review 2007 committed the Government to continue the Regional Economic Performance (REP) Public Service Agreement (PSA) to:

"Make sustainable improvements in the economic performance of all English regions and reduce the persistent gap in growth rates between the regions".

The Department for Business, Enterprise and Regulatory Reform is the lead department for delivery of this PSA. Whilst HM Treasury, Department for Communities and Local Government, Department for Innovation, Universities and Skills, Department for Work and Pensions, Department for Transport and Department for Environment, Food and Rural Affairs are contributing departments

To monitor the Government’s progress in delivering this PSA, a set of four headline indicators will be adopted which, together provide a coherent picture of regional economic performance, built on a sound economic framework and using the best available data.

• Regional Gross Value Added (GVA¹) per head growth rates;
• Regional Gross Domestic Product (GDP) per head levels indexed to the EU15 average;
• Regional Productivity as measured by GVA per hour worked indices; and
• Regional Employment Rates.

This basket of indicators will enable a nuanced explanation of economic performance and disparities at regional level and hence of Government performance against the PSA. Beneath these headline indicators, we will monitor performance across a suite of supporting indicators.

Disparities in regional economic growth are a function of regional variations in productivity and employment. Government has developed a framework of "five drivers" which interact to drive productivity growth – enterprise, investment, innovation, competition and skills. Detail on the development of the set of supporting indicators to measure regional performance on and each of the 5 drivers of productivity can be found in the document Benchmarking UK productivity performance.

The Regional Economic Performance Indicators (REPIs) website has been developed as a tool for monitoring regional progress towards the PSA. The REPIs will track the performance of the headline indicators for the PSA as well as the supporting indicators for the key drivers of economic growth in each region.

The website presents publicly available data in table and graph form, for the nine English regions. These will be updated on a regular basis; quarterly for all indicators except employment which will be updated monthly. The latest data can be accessed by selecting the relevant link on the left.

Recently updated data
 

Footnote

¹The Regional Economic Performance: Performance to Date document refers to GVA per head (adjusted) figures which take account of inflation. To produce these, nominal GVA per head has been deflated using a national GVA deflator at basic prices (2003 = 100), based on latest available ONS data. We are currently unable to account for differences in prices at the regional level.