Post by Professor Calvin Jones, Academic Advisor, Knowledge and Analytical Services, Welsh Government
Darllenwch y dudalen hon yn Cymraeg
Introduction
In 2022 Welsh Government began the process of compiling and publishing a set of Supply and Use (SUTs) and Input-Output Tables (IOTs) for Wales. These were to be the first holistic picture of the Welsh economy produced following Scotland (which has published SUTs and IOTs for decades) and Northern Ireland (which has done so for the post EU exit period).
The publication was intended to improve our understanding – inside and outside Welsh Government – of how the Welsh economy ‘worked’ in terms of production, trade and product use. More importantly, it was to determine whether collating such a picture – consistently, across all products, industries and users – was feasible, whilst guaranteeing a reasonable level of quality and robustness. The project delivered an Input-Output publication for Wales (for base-year 2019), detailing the structures and activities of 55 industries in Wales, along with related product use and supply. The Supply and Use and Input-Output Tables (hereafter called IOTs for simplicity) have been published as official statistics in development, together with an extensive methodology document.
Continue reading
Digital and Data Blog 