GVA slowest in South West

GROSS value added (GVA), a measure of economic prosperity, increased by just €27 million between 2003 and 2004.

GVA measures the contribution to the economy of each individual producer, industry or sector.

Regional GVA figures for 2004, the latest date for which the data is available, reveals that the total value of goods and services produced by the South West, classified as Cork and Kerry, grew to €23.58 billion from €23.55bn in 2003.