Home Business NewsEconomic News Londoners three times more economically productive than UK average

Londoners three times more economically productive than UK average

8th Aug 13 9:24 am

Live in inner London? Congratulations, you officially contribute three times more to our economy than the average UK inhabitant. Which is perhaps little surprise as one in 28 Londoners is a millionaire.

New research from trade union GMB has shown that central Londoners contribute 2.92 times more to our GDP than the average Brit.

Brits generally contribute more to GDP than our EU counterparts. UK inhabitants produce 1.13 times more than the average for those living in the 27 EU countries. Inner Londoners contribute some 3.28 times more to GDP than your typical EU inhabitant.

Inhabitants of West Wales and the Valleys are the least productive in terms of UK regions.

The second-most economically productive region after London is North Eastern Scotland, where the average inhabitant contributes 1.44 times more than the UK average.

In 25 out of 37 sub-regions in the UK, GDP generated per person is below the EU average, the research found.

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