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About: Economy of Cornwall     Permalink

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The economy of Cornwall in South West England, is largely dependent upon agriculture followed by tourism. Cornwall is one of the poorest areas in the United Kingdom with a GVA of 70.9% of the national average in 2015. and is one of four UK areas that qualified for poverty-related grants from the EU (European Social Fund). Farming and food processing (in 2006) contributed £366 million to the county, equal to 5.3% of Cornwall’s total GVA. The agricultural/food industry in Cornwall employs 9,500 people, (4.9% of all Cornish employees.) 23,700 (12.1% of all Cornish employees) are employed in the food industry in Cornwall The Cornish economy also depends heavily on its successful tourist industry which contributes 12% of Cornwall's GDP and supports about 1 in 5 jobs (19% in Kerrier, Restormel a

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