Northern Ireland Annual Business Inquiry Statistics 2016 Published

Date published: 29 November 2017

Growth in aGVA and turnover between 2015 and 2016

The key findings include:

• Total aGVA was estimated to be worth £21.5 billion at basic prices in 2016. This represented a rise of 5.4% (£1.1 Billion) compared to 2015.
• Turnover for NI businesses increased by 2.7% between 2015 and 2016 to £68.9 billion, while the cost of purchases of goods, services and energy increased by 1.9% to £44.3 billion.
• Results for the NI Non-financial business economy show a faster pace of growth for aGVA than the UK overall. UK aGVA recorded an increase of % compared to % in NI between 2015 and 2016.

Growth driven by strong increases in the production, construction and non-financial services sectors

• The production sector, which accounts for 30.0% of aGVA in the NI non-financial business economy, recorded an increase of 6.8% (£413m) in aGVA between 2015 and 2016.
• The construction sector, following a period of decline between 2008 and 2013, has recorded three consecutive years of aGVA growth. Between 2015 and 2016 aGVA recorded an 18.8% increase (£356m), growing from £1.9 billion to £2.3 billion.
• aGVA in the NI non-financial services sector increased by 3.8% (£289m) to £7.9 billion in 2016. Key contributors to this increase include:

a)Professional, scientific and technical activities (+£131m or 9.3%)

b)Transportation and storage activities (+£93m or 6.3%)

c)Accommodation and food service activities (+£72m or 8.9%)

Smaller growth in the distribution sector

• The Distribution industries consist of companies engaged in Wholesale and retail trade and cover the entire Northern Ireland wholesale and retail sector. Wholesale and retail trade recorded a marginal aGVA increase of 0.8% (£40m) between 2015 and 2016.

Full detailed results are available in the Northern Ireland Annual Business Inquiry Statistics Bulletin at the following link:

https://www.nisra.gov.uk/statistics/business-statistics/annual-business-inquiry