Regional Gross Value Added (Balanced)
The current GVA (Balanced) and GDP statistical bulletin and data tables were published on the 19th December 2019.
Headline GVA results
- The local economy’s workplace GVA, in chained volume measures, decreased by 0.9 per cent in ‘real’ terms from 2017 to 2018, which was below the overall UK rate of growth of 1.4 per cent.
- Between 2017 and 2018, real GVA increased in all of the UK’s 12 NUTS1 region.
- NI GVA per head in 2018 decreased by 0.5 per cent in current basic prices (to £22,428) between 2017 and 2018, meanwhile the UK increased by 2.4 per cent. Both Wales and the North East had lower GVA per head than Northern Ireland (£20,738 and £20,554 respectively).
- NI GVA per head was 78.7 per cent of the UK figure which is lower than 2017 (81.1 per cent of UK).
Headline GDP results
- Provisional estimates indicate that NI’s GDP, in chained volume measures, decreased in ‘real’ terms by 0.5 per cent between 2017 and 2018, this was below the overall UK rate of GDP growth of 1.4 per cent.
- Between 2017 and 2018, Northern Ireland was the only one of the 12 UK NUTS1 regions to experience a decrease in real GDP.
- NI GDP per head in 2018 fell by 0.1% in current market prices (to £25,981) between 2017 and 2018, over the same period UK GDP per head increased by 2.4 per cent in current market prices (to £31,976). In terms of GDP per head, Northern Ireland was ranked 8th out of the 12 UK regions in 2018. The North East had the lowest GDP per head at £23,569.
- NI GDP per head was 81.3 per cent of the UK figure which is less than 2017 (83.3 per cent of UK).
Current publication and tables
- Regional Gross Value Added (Balanced) and Gross Domestic Product statistical bulletin and data tables - published 19th December 2019
- 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
- NI Gross Domestic Product (GDP) Index (2016=100), chained volume measures, 1998-2018
- NI Gross Value Added (GVA) 2018, by Industry
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.