Income Per Capita London

New data published today thursday by the office for national statistics shows the extent of regional economic inequality in britain especially between the capital and the rest of the uk says the tuc.

Income per capita london. The median household income for london in 2013 13 was 39 100 while the mean income was 51 770. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. London gdp per capita was at level of 48 500 euro in 2011 up from 47 200 euro previous year this is a change of 2 75. We know of all uk regions countries the fall in real earnings in london at 9 over 2008 to 2016 was second in severity only to the west midlands 10.

London is the most populous region urban zone and metropolitan area in the united kingdom. Compensation of employees was by far the largest component of primary income and accounted for 21 734 per head in london. London had the fifth largest metropolitan economy in the world in 2011 according to the brookings institution. Further data on self employment income employment income pension income and total tax are available from the hmrc website.

The uk median in 2012 13 was 30 600 which is 22 per cent below the london figure. Both mean and median income is higher in inner london than outer london. Here is a gla intelligence update analysing this data in 2007 08. London is not an easy place to live without an income though there are some potential public support programs that ease the burden.

The gross domestic product per capita in the united kingdom was last recorded at 43688 40 us dollars in 2019. London s economic income per capita is double that of rest of the uk issue date 15 dec 2016. Gdp per capita in the united kingdom averaged 28536 57 usd from 1960 until 2019 reaching an all time high of 43688 40 usd in 2019 and a record low of 13934 usd in 1960. As with gdhi london received the largest incomings in the form of primary income.

Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. London rest of the uk this is not to say everyone in london is reaping the rewards. The gdp per capita in the united kingdom is equivalent to 346 percent of the world s average. 2019 the unemployment rate in london is at about 4 5.

Gdp per capita is gross domestic product divided by midyear population.