Northern Ireland Annual Business Inquiry Statistics 2022

Date published: 24 January 2024

The Northern Ireland Statistics and Research Agency has today released headline results from the 2022 Northern Ireland Annual Business Inquiry (ABI) survey.

Young people not in education, employment or training (NEET)
Young people not in education, employment or training (NEET)

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.

 

Notes to editors: 

  1. For media enquiries contact the Department for the Economy Press Office at pressoffice@economy-ni.gov.uk
  2. The Executive Information Service operates an out of hours service for media enquiries only between 1800hrs and 0800hrs Monday to Friday and at weekends and public holidays. The duty press officer can be contacted on 028 9037 8110.
  3. To keep up to date with news from the Department you can follow us on the following social media channels:

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.

Share this page

Back to top