Latest Local Unit results – published 29 July 2022
- In 2020, 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 £26.3 billion. This amount represents the approximate Gross Value Added (aGVA) at basic prices of the NI non- financial business economy (NFBE), 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, the Service sector represents the largest share of aGVA (38.5%) followed by the Production and Distribution (Wholesale & retail trade) sectors (27.1% and 24.2% respectively). The Construction sector accounts for 9.9% of aGVA.
Change between 2019-20
- The NI non-financial business economy, as measured by the Northern Ireland Annual Business Inquiry, recorded an increase of £40 million (0.2%) in aGVA from 2019 to 2020. This growth was driven by increases in the Production and Wholesale and retail sales sectors; these were offset by decreases in aGVA in the Agriculture, Forestry and Fishing, Construction and Service sectors.
- The key driver of aGVA growth was the Production sector (that includes Mining and quarrying; Manufacturing; Electricity, gas, steam and air conditioning supply; and Water supply, sewerage, waste management and remediation activities) which increased by £0.8 billion (12.9%) between 2019 and 2020. The majority of aGVA growth in this sector is attributable to the Energy generation and supply section which increased by £334 million (48.4%).
- Wholesale and retail trade within the distribution sector recorded aGVA growth of £68 million (1.1%).
- The Construction sector recorded a decrease in aGVA of £435 million (14.3%).
- The NI non-financial Services sector saw a decrease in aGVA, decreasing by £402million (3.8%) from £10.5 billion to £10.1 billion. This was despite a significant increase in aGVA in the Real estate activities section which saw an increase of £338 million (46.0%).
- Turnover (i.e. the value of total sales and work done) in the NI non-financial business economy as a whole decreased by £5.5 billion (7.5%) over the year and purchases of goods, materials, energy, water and services decreased by £3.8 billion (8.0%).
Current publication and tables
- Annual Business Inquiry - 2020 Reporting Unit Results published 23 November 2021
- Annual Business Inquiry - 2020 Local Unit Results published 29 July 2022
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: