Latest Local Unit results – published 30 July 2021.
- In 2019, the income generated by non-financial businesses in Northern Ireland (NI), less the cost of goods and services used to create this income, was estimated to be £26.2 billion. This amount represents the approximate Gross Value Added (aGVA) at basic prices of the NI non- financial business economy, excluding farming, financial services and the public sector.
- aGVA at Basic prices represents the income generated by businesses, out of which is paid wages and salaries, the cost of capital investment and financial charges before arriving at a figure for profit.
- In terms of the profile of aGVA across the economy, Figure 1 overleaf shows that the Service sector represents the largest share of aGVA (39.8%) followed by the Distribution (Wholesale & retail trade) and Production sectors (24.2% and 24.1% respectively). The Construction sector accounts for 11.6% of aGVA.
Change between 2018-19
- The NI non-financial business economy, as measured by the Northern Ireland Annual Business Inquiry, recorded an increase of £2.1 billion (8.6%) in aGVA from 2018 to 2019.
- The key driver of aGVA growth was in the NI non-financial services sector which increased by £1.0 billion (11.2%) between 2018 and 2019. The majority of aGVA growth in this sector is attributable to the Information and communication services section which increased by £353 million (24.5%).
- Wholesale and retail trade within the distribution sector recorded aGVA growth of £638 million (11.2%).
- The Construction sector recorded an increase in aGVA of £297 million (10.8%).
- The Production sector (which includes Mining and quarrying: Manufacturing; Electricity, gas, steam and air conditioning supply; and Water supply, sewerage, waste management and remediation activities) saw an increase in aGVA, increasing by £99million (1.6%) from £6.2 billion to £6.3 billion. This was despite a decrease in aGVA in the Manufacturing section which saw a decrease of £238 million (5.0%).
- Turnover (i.e. the value of total sales and work done) in the NI non-financial business economy as a whole increased by £3.3 billion (4.7%) over the year and purchases of goods, materials, energy, water and services increased by £0.9 billion (1.9%).
Current publication and tables
- Annual Business Inquiry - 2019 Reporting Unit Results published 31 March 2021
- Annual Business Inquiry - 2019 Local Unit Results published 30 July 2021
NI ABI Questionnaire
For details of changes to the NI Annual Business Inquiry questionnaire for survey year 2014 please see the link below:
NI ABI Questionnaire Guidance Notes
For guidance notes to assit in completing the Annual Business Inquiry questionnaire please follow the link below: