Gross Value Added

The Office for National Statistics (ONS) released latest estimates of Gross Value Added (Balanced) from 1998 to 2016 for the regions and sub-regions of the UK, including Northern Ireland on the 20th December 2017. 

Regional Gross Value Added (Balanced) 

The current GVA (Balanced) statistical bulletin and data tables were published on the 20th December 2017.

Headline results

  • 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

Balanced GVA

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.

Contact Details

Suzanne Bradley
Telephone: 028 9052 9505
Email: suzanne.bradley@nisra.gov.uk
Twitter: @ELMSNISRA

Further Information