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