Gross Value Added

The Office for National Statistics (ONS) released latest estimates of Gross Value Added (Balanced) from 1998 to 2017 for the regions and sub-regions of the UK, including Northern Ireland on the 12th December 2018. 

Regional Gross Value Added (Balanced) 

The current GVA (Balanced) statistical bulletin and data tables were published on the 12th December 2018.

Headline results

  • The local economy’s workplace GVA, in chained volume measures, increased by 1.7 per cent in ‘real’ terms from 2016 to 2017, which was below the overall UK rate of growth of 1.9 per cent.
  • Between 2016 and 2017, real GVA increased in all of the UK’s 12 NUTS1 region. 
  • NI GVA per head in 2017 grew by 3.1% in current basic prices (to £21,172) between 2016 and 2017, which was similar to growth in the UK. Both Wales and the North East had lower GVA per head than Northern Ireland (£19,899 and £20,129 respectively).
  • NI GVA per head was 77.6 per cent of the UK figure which was similar to 2016 (77.4%).

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