Domain Overview: The economy is the set of activities related to the production and distribution of goods and services. Its performance will impact everyone financially and has a direct role in people’s material conditions, for example, housing, wealth, jobs and earnings.
The 3 measures in the Economy domain are:
- Real net national disposable income per head – No NI Data Available
- UK public sector net debt as a percentage of Gross Domestic Product – No NI Data Available
- Inflation rate (as measured by CPIH) – No NI Data Available
- The measures in the National Wellbeing Economy domain are only reported at a UK level. In 2016, the real net national disposable income per head for the UK was £24,224, the UK public sector debt was 86.0% of Gross Domestic Product and the UK inflation rate, as measured by the Consumer Prices Index including owner occupiers’ housing costs (CPIH), was 1.0%*.
- A broad range of statistics relating to the Northern Ireland economy can be accessed at NISRA’s Economic and Labour Market Statistics Branch.
* This measure has changed as ONS is moving from CPI to CPIH as a preferred measure of inflation. CPIH is a measure of UK consumer price inflation that includes owner occupiers’ housing costs (OOH). These are the costs of housing services associated with owning, maintaining and living in one’s own home. OOH does not include costs such as utility bills, minor repairs and maintenance, which are already included in the index.
Do you want to know more? – Office for National Statistics Wellbeing.
10 National Wellbeing Domains