In 2023, Buckinghamshire’s total Gross Domestic Product (GDP) in current prices was £21.4bn. The County’s GDP per head* stood at £37,698, lower than the national (England) average of £40,382.

Buckinghamshire’s real GDP decreased by 1.4% between 2022 and 2023, compared to a 0.6% decrease across England as a whole.

Real GDP growth in Buckinghamshire between 2019 and 2023 was -0.6% per annum (CAGR), therefore output remains slightly smaller than prior to the Covid-19 pandemic (in real terms).

*Please note, whilst GDP per head of population can be a useful way of comparing the economic output of areas of different size, the data is affected by commuting flows. Buckinghamshire has high levels of out-commuting making GDP per head a less useful measure of economic performance than for areas with a more self-contained labour market. Productivity (GVA per hour worked within the local economy) is a better measure of comparative economic performance. The latest sub-regional productivity data can be accessed here.