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The United Kingdom and its people
5 Wales
Some key features of the Welsh economy
■ Although there has been a decline in the steel
industry over recent years, it still remains
important to the Welsh economy, with crude
steel production in Wales at around 4.7 million
tonnes in 2001, accounting for 35 per cent of
UK steel output.
■ Manufacturing accounts for 27 per cent of gross
domestic product (GDP) in Wales, compared with
19 per cent in the UK as a whole.
■ In the service sector, tourism and leisure services
are significant - estimates indicate that about
12.8 million tourist trips were made to Wales
from the UK and overseas in 2001.
■ A key feature of the economy has been the
volume of investment from overseas companies
and from elsewhere in the UK. Since 1983, over
2,000 inward investment projects have been
recorded in Wales, bringing in a total of £14.3
billion and promising the creation and
safeguarding of over 227,000 jobs. Overseas-
owned manufacturing companies in Wales
employ more than 74,000 people.
attracted a more varied range of manufacturing
industries, including many at the forefront of
technology, and a growing number involved in
e-commerce. Inward investment has also become
an important factor in the Welsh economy, and
cultural industries are now a rapidly growing
contributor.
The Welsh Development Agency (WDA - see page
340) has broad functions and powers, so that it is
well placed to contribute to economic
regeneration across the whole of Wales.
Further reading
Wales Office Departmental Report 2002: The
Government’s Expenditure Plans 2002-03 to
2003-04. Cm 5431. The Stationery Office, 2002.
Websites
National Assembly for Wales and Welsh
Assembly Government
www.wales.gov.uk
Wales Office
www.walesoffice.gov. uk
Wales Tourist Board
www.visitwales.com
30
5 Wales
Some key features of the Welsh economy
■ Although there has been a decline in the steel
industry over recent years, it still remains
important to the Welsh economy, with crude
steel production in Wales at around 4.7 million
tonnes in 2001, accounting for 35 per cent of
UK steel output.
■ Manufacturing accounts for 27 per cent of gross
domestic product (GDP) in Wales, compared with
19 per cent in the UK as a whole.
■ In the service sector, tourism and leisure services
are significant - estimates indicate that about
12.8 million tourist trips were made to Wales
from the UK and overseas in 2001.
■ A key feature of the economy has been the
volume of investment from overseas companies
and from elsewhere in the UK. Since 1983, over
2,000 inward investment projects have been
recorded in Wales, bringing in a total of £14.3
billion and promising the creation and
safeguarding of over 227,000 jobs. Overseas-
owned manufacturing companies in Wales
employ more than 74,000 people.
attracted a more varied range of manufacturing
industries, including many at the forefront of
technology, and a growing number involved in
e-commerce. Inward investment has also become
an important factor in the Welsh economy, and
cultural industries are now a rapidly growing
contributor.
The Welsh Development Agency (WDA - see page
340) has broad functions and powers, so that it is
well placed to contribute to economic
regeneration across the whole of Wales.
Further reading
Wales Office Departmental Report 2002: The
Government’s Expenditure Plans 2002-03 to
2003-04. Cm 5431. The Stationery Office, 2002.
Websites
National Assembly for Wales and Welsh
Assembly Government
www.wales.gov.uk
Wales Office
www.walesoffice.gov. uk
Wales Tourist Board
www.visitwales.com
30
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The item on this page appears courtesy of Office for National Statistics and may be re-used under the Open Government Licence for Public Sector Information.
| Britain and UK handbooks > UK: The official yearbook of the United Kingdom of Great Britain and Northern Ireland > 2003 > (44) |
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| Permanent URL | https://digital.nls.uk/204923679 |
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| Attribution and copyright: |
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More information
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| Description | Three volumes of 'UK: The official yearbook of the United Kingdom of Great Britain and Northern Ireland', published annually by the Office of National Statistics from 2002-2005. |
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| Shelfmark | GII.11 SER |
| Description | Three titles produced by the British Government from 1954-2005 describing 'how Britain worked'. They are: 'Britain: An official handbook' (1954-1998), 'Britain: The official yearbook of the United Kingdom' (1999-2001), and 'UK: The official yearbook of the United Kingdom of Great Britain and Northern Ireland' (2002-2005). These 50 reports provide an overview of Britain's economic, social and cultural affairs, its environment, international relations, and the systems of government. They give an impartial summary of government policies and initiatives, and explain how public services are organised. |
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| Additional NLS resources: |
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