Regional Gross Value Added (Balanced)
The current GVA (Balanced) statistical bulletin and data tables were published on the 20th December 2017.
- The local economy’s workplace GVA, in chained volume measures, increased by 1.1 per cent in ‘real’ terms from 2015 to 2016, which was below the overall UK rate of growth of 1.6 per cent.
- Between 2015 and 2016, real GVA increased in all of the UK’s 12 NUTS1 regions except for the North East (-1.0%)
- NI GVA per head in 2016 grew by 2.8% in current basic prices (to £19,997) between 2015 and 2016, which matched growth in the UK. Both Wales and the North East had lower GVA per head than Northern Ireland (£19,140 and £19,218 respectively).
- NI GVA per head was 75.9 per cent of the UK figure (£26,339) which was unchanged from 2015.
Current publication and tables
- Regional Gross Value Added (Balanced) statistical bulletin and data tables - published 20th December 2017
- Experimental estimates of balanced regional gross value added (GVA), in current prices and GVA per head, for local authority areas, with a broad industry breakdown.
Historically ONS compiled estimates of regional gross value added (GVA) using the income approach (as National Statistics) and the production approach (as Experimental Statistics). In this approach ONS have taken the strengths from both approaches and used them to produce a new balanced measure of regional GVA, GVA (B). This will give users a single measure of economic activity within a region, therefore avoiding any confusion from having two different measures of the same thing. As a result, individual bulletins for GVA (I) and GVA (P) have been discontinued.