Using annual estimates from summed monthly GVA data (DCMS)
Updated 20 February 2023
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This publication is available at https://www.gov.uk/government/statistics/dcms-sectors-economic-estimates-monthly-gva-to-december-2022/using-annual-estimates-from-summed-monthly-gva-data-dcms
1. Annual GVA estimates from summed monthly GVA (DCMS)
1.1 About these estimates
The DCMS Sector total reported here includes Civil Society, Creative Industries, Cultural Sector, Gambling and Sport. Tourism is not included as the data is not yet available (see note in data table). Figures for the Digital Sector and Telecoms are presented separately as responsibility for these policy areas now sits with the Department for Science, Innovation and Technology.
These annual estimates have been produced by summing monthly GVA estimates for the 12 calendar months in each year from 2019 to 2021. They are our most timely way of estimating GVA for DCMS sectors but, as they are based on the monthly GVA estimates, the same caveats apply (full methodology), and they should be used with caution. These estimates will be superseded by our more robust annual GVA series when data becomes available.
1.2 Key technical points:
- These estimates have been updated with the new definition of DCMS Sectors that doesn’t include the Digital and Telecoms sectors. In due course the series will be extended to include 2022 estimates.
- The estimates are based on the monthly data as published in February 2023. The estimates are adjusted for inflation (using 2019 prices), meaning they will not reflect GVA in current prices (after 2019). Consequently, they are useful to calculate growth or proportions of the UK economy (e.g. 7%) but will underestimate absolute GVA levels (e.g. £7bn) after 2019. The monthly GVA gives a timely estimate that is then revised frequently, in line with scheduled revisions to the underlying ONS datasets as new information becomes available. Correspondingly, these summed estimates will be revised in future if necessary.
- These estimates cannot be directly compared to our annual GVA estimates series, due to methodology differences, however it is possible to look at trends up to 2019 using the annual series, and trends from 2019 using these estimates. You can find data from 2010 to 2019 in our most recent annual GVA publication.
1.3 Key findings
1.4 All DCMS Sectors (excluding Tourism)
We estimate that GVA by DCMS Sector businesses in 2021 was £146 billion, an increase of 10% in real terms from 2020. This is 2% lower in real terms than in 2019, prior to the pandemic; in comparison the GVA by the UK economy as a whole was 4% below 2019 levels in 2021.
Our traditional annual GVA estimates showed that, up to 2019, GVA by the DCMS Sectors (excluding Tourism and Civil Society) grew faster than GVA by the UK economy as a whole, increasing by 30% in real terms between 2010 and 2019 compared to 18% for the UK economy.
1.5 Civil Society
We estimate that in 2021, GVA by Civil Society was £15 billion, 7% lower in real terms than 2019, in comparison GVA by the UK economy as a whole was 4% below 2019 levels in 2021.
We are not able to calculate growth for Civil Society in our traditional annual GVA estimates due to lack of suitable data.
1.6 Creative Industries
We estimate that in 2021, GVA by the Creative Industries was £108 billion, 1% higher in real terms than in 2019, while GVA by the UK economy as a whole was 4% below 2019 levels in 2021.
Our traditional annual GVA estimates showed that, up to 2019, GVA by the Creative Industries grew faster than GVA by the UK economy as a whole, increasing by 44% in real terms between 2010 and 2019 compared to 18% for the UK economy.
1.7 Cultural sector
We estimate that in 2021, GVA by the Cultural sector was £28 billion, 14% lower in real terms than in 2019, while GVA by the UK economy as a whole was 4% below 2019 levels in 2021.
Our traditional annual GVA estimates showed that, up to 2019, GVA by the Cultural sector grew faster than GVA by the UK economy as a whole, increasing by 27% in real terms between 2010 and 2019 compared to 18% for the UK economy.
1.8 Gambling sector
We estimate that in 2021, GVA by the Gambling sector was £7 billion, 16% lower in real terms than in 2019, in comparison GVA by the UK economy as a whole was 4% below 2019 levels in 2021.
Our traditional annual GVA estimates showed that, up to 2019, GVA by the Gambling sector grew faster than GVA by the UK economy as a whole, increasing by 45% in real terms between 2010 and 2019 compared to 18% for the UK economy. However, please note that this is a small sector whose estimates can be quite variable from year to year.
1.9 Sport sector
We estimate that in 2021, GVA by the Sport sector was £15 billion, 14% lower than in 2019, in comparison GVA by the UK economy as a whole was 4% below 2019 levels in 2021.
Our traditional annual GVA estimates showed that, up to 2019, GVA by the Sport sector grew at around the same rate as GVA by the UK economy as a whole, increasing by 20% in real terms between 2010 and 2019 compared to 18% for the UK economy.