Despite billions of pounds being poured into the West Wales and Valleys region since 2000, official statistics released yesterday show that in 2009 it had a GDP per head
rating equivalent to just 68.
Moreover, the classic perverse logic of certain management consultants can be seen in the argument of those entering consumer businesses in Egypt -- with a low GDP per head
of about $1,300, and a population of 65 million, growth potential is massive, so get in early.
pre-crash), the IMF reported that average GDP per head
in the United States stood at $47,000, and at $46,000 in the UK.
Northern Ireland has the lowest regional GDP per head
in 1998, at pounds 9,400, followed by the North-east at pounds 9,800.
nominal GDP, GDP per head
, real GDP growth, inflation, F/X rate)
Yet today's report points out that Scotland has a higher GDP per head
than the six least prosperous English regions.
Frankfurt am Main came top with a GDP per head
of pounds 43,317, followed by Karlsruhe in Germany (pounds 43,600) and Paris (pounds 41,799).
David Hughes, Head of the European Commission Office in Wales, said: "The huge disparity in wealth between London and the rest of the UK has nothing to do with EU structural funds and the main reason why Wales did not cross the threshold of 75% of EU average GDP per head
for the new round of funding was because the UK as a whole dropped by well over 10% compared with the EU average between 2004 and 2010.
GDP per head
in the South is greater than the North.
In 2001 Newcastle was in 58th position in the rankings of leading European cities by GDP per head
Yet the West Midlands was no more than 'in the pack' when set against the other English regions - GDP growth fifth out of eight; GDP per head
, fourth; new business registration, sixth; new products, fifth.
Figure 3-5: Forecast for GDP per Head
('000 US$), 2009-2013