Northern Ireland Annual Business Inquiry Statistics 2022
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The Northern Ireland Statistics and Research Agency has today released headline results from the 2022 Northern Ireland Annual Business Inquiry (ABI) survey.
The key findings include:
- In 2022, the income generated by non-financial businesses in Northern Ireland (NI), less the cost of goods and services used to create this income, was estimated to be £33.3 billion. This amount represents the approximate Gross Value Added (aGVA) at basic prices of the NI non-financial business economy, excluding farming and financial services.
- aGVA at Basic prices represents the income generated by businesses, out of which is paid wages and salaries, the cost of capital investment and financial charges before arriving at a figure for profit.
Change between 2021-22
- The NI non-financial business economy, as measured by the Northern Ireland Annual Business Inquiry (NIABI), recorded an increase of £2.7 billion (8.8%) in aGVA from 2021 to 2022.
- The key driver of aGVA growth was the Construction sector (Section F) which increased by £976 million (28.0%). The NI Services Industries sector (industry Sections H-S) increased by £971 million (8.2%) between 2021 and 2022. The majority of aGVA growth in this sector is attributable to the Administrative and Support services section (Section N) which increased by £532 million (28.8%).
- Professional, Scientific and Technical services within the non-financial services sector (Section M) recorded aGVA growth of £352 million (13.6%). The Distribution sector (Section G) also increased by £355 million (4.8%).
- The Production sector (Sections B-E) showed an increase in aGVA of £378 million (4.9%) from £7.8 billion to £8.2 billion.
- Turnover (i.e. the value of total sales and work done) in the NI non-financial business economy as a whole increased by £6.5 billion (8.2%) over the year to £85.2 billion and purchases of goods, materials, energy, water and services increased by £3.6 billion (7.1%) to £54.0 billion.
- Full detailed results are available in the Northern Ireland Annual Business Inquiry Statistics Bulletin at the following link:
NISRA website - Annual Business Inquiry
Notes to editors:
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4. Feedback is welcomed and should be addressed to Daniel Hogg, Economic & Labour Market Statistics Branch (ELMS), on 028 9025 5169 or at Daniel.Hogg@nisra.gov.uk
5. aGVA at Basic prices represents the income generated by businesses, out of which is paid wages and salaries, the cost of capital investment and financial charges before arriving at a figure for profit.
6. Turnover is defined as the value of total sales and work done.