OUTPUT AND GROSS VALUE ADDED


• Aerospace companies produce almost £50 (£47.14) of output for every hour worked. The sector generates the 4th highest level of output from within all of the UK’s manufacturing industries.


Output per hour across manufacturing, UK 2019


100 120 140 160 180


20 40 60 80


0


• Gross Value Added (GVA) comprises wages, gross operating profit, production taxes and subsidies and is a useful way to calculate the wealth created by economic activities.


• The UK aerospace sector generates over £9 billion in GVA to the UK economy every year. The tables below shows the regional GVA for aero manufacture and MRO and the total of these combined.


16


Food, drink & tobacco Textiles, clothes & leather… Wood, paper & printing Coke & petroleum Chemicals & products Pharmaceuticals Rubber & plastics Basic metals


Computer, electronics Electrical equip. Machinery & equip. Transport equip. Other man. & repair


Output per hour in £s


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