The South West Regional Accounts 2011 Online
Welcome to the 2011 online version of the South West Regional Accounts. The South West Regional Accounts have been revised and updated as of March 2011. The new Regional Accounts have been updated to make use of the latest data sources. This online version of the Regional Accounts offers a selection of key statistics and charts from the main South West Regional Accounts for 2011. It also presents a simple economic impact tool. The information can be accessed from the menu structure on the left of the page.
The Regional Accounts are a major information resource for people who work in economic development, policy, teaching and studying economics. They are estimated from the best sources of published and unpublished regional data providing a consistent and structured framework for the information.
There are essentially two components to the Regional Accounts. The first is a structural map of the region's economy at a point in time (currently the map is for 2008). The map shows how industries, workers, households, government etc. link together in terms of supply and demand. This map can be used as a simple economic impact analysis tool (see 'what if?' on the left menu). This tool can be used to value the direct and indirect consequences (multiplier effects) of change within the economy, such as the relocation of a firm to the region, or an increase in tourism.
The second part of the Regional Accounts is a time series of the key economic statistics - GVA, FTE work (i.e. including self-employment) and business numbers. This time series currently spans 1998-2009. Information is available by SIC industries, for South West RDA priority sectors and for sub-regions. Benchmarks against GB are also possible.
What is presented here is a selection of aggregate statistics from the offline Regional Accounts. Within the online version, for example, there are 26 SIC industries defined whilst in the main accounts, there are around 150; there are just 2 international export markets on the online accounts and over 30 markets in the offline version. The offline version contains data not represented here such as industry-occupation/qualification matrices.
The offline Regional Accounts operate within a programme that is installed to your hard-drive. You can download this program from the Economic Systems website here.