The
economy of Wales is closely linked with the rest of the United Kingdom and the wider
European Economic Area. In 2012, according to
ONS provisional data, headline
gross value added (GVA) in Wales was £47.3 billion, making the Welsh economy the tenth largest of the UK's twelve regions (counting Wales,
Scotland and
Northern Ireland alongside the nine English
Government Office Regions) ahead of only Northern Ireland and the North East of England. The modern Welsh economy is dominated by the
service sector. In 2000, services contributed 66% to GVA, the manufacturing sector contributed 32%, while agriculture,
forestry and fishing together contributed 1.5%.