Growing Cardiff’s Economy

Exciting news for Cardiff as the latest Good Growth for Cities Index from PwC highlights the city’s strong economic growth, which has been forecasted to continue through to 2025.

According to the report, Cardiff’s Gross Value Added (GVA) is projected to grow by 1.3% this year, with the rate expected to rise even further to an impressive 2.07% in 2025. This positions Cardiff in a strong and promising spot for continued development, emerging as a standout performer with the second-highest growth rate of any city outside of London.

This success is a testament to the hard work of Cardiff Labour Council, which is working closely with Labour colleagues in the Welsh Government and UK Labour Government to deliver on our shared mission for sustainable growth. Collaborative and forward-looking policies have paved the way for the city’s strong economic performance.

The index measures a wide range of factors such as jobs, health, income, and work-life balance, and Cardiff continues to succeed across these key indicators.

Cardiff has not only outpaced larger UK cities like Glasgow, Manchester, and Bristol, but it also ranks third overall for GVA growth, behind only London and its boroughs.

With a projected GVA growth of 2.07% next year, Cardiff is well-positioned to attract inward investment and ensure that its reputation as a one of the most dynamic and vibrant cities in the UK continues long into the future.

By continuing to work collaboratively with Labour colleagues in all levels of government, we will deliver wealth an opportunity to every community, in every corner of Wales.

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