GVA figures suggest struggle to recover from recession

Official figures suggest Northern Ireland businesses have struggled to recover from the recession.

The figures are for Gross Value Added (GVA), which is a measure of income generated by businesses, minus the cost of goods and services used to create the income.

They show that in 2011 GVA in Northern Ireland rose by 0.5% compared to 5.8% in the UK as a whole.

That gave Northern Ireland a 2011 GVA of £18.2bn, below the £18.7bn of 2008.

The 2011 figures also confirm service industries as the largest sector of the Northern Ireland economy - they delivered GVA of £7bn, which is well above the position in 2008.

Service sector GVA also grew by almost 10% in 2011 while all other sectors, except agriculture, saw a reduction.

More on This Story

The BBC is not responsible for the content of external Internet sites

More Northern Ireland stories

RSS

Features & Analysis

  • Dr Mahinder Watsa Dr Sex

    The wisecracking 90-year-old whose advice column is a cult hit


  • Payton McKinnonKilling heat

    Why so many American children die in hot cars


  • Vice-President Joe Biden.Joe v Hillary

    What needs to happen for Biden to be the next president


  • USA fanSoccer punch

    Has the US finally fallen in love with the beautiful game? BBC Sport


Elsewhere on the BBC

  • Kyoto.Falling for Kyoto

    Acclaimed writer Pico Iyer describes an enchanting first stroll through the city

Programmes

  • (File photo) Usain BoltClick Watch

    Challenging the world's fastest man to a virtual race over 40m – can you keep up?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.