Highlights

Annual Business Survey, UK non-financial business economy: 2015 revised results

What's in the bulletin?

  • In 2015, the approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,147.2 billion; this amount represents the income (turnover) of UK businesses, less the cost of goods and services consumed in the production process (purchases).
  • The level of aGVA increased by 5.3% (£57.4 billion) in 2015 compared with an increase of 8.4% (£84.9 billion) in 2014; this is a continuation of the growth between 2009 and 2014.
  • Turnover decreased between 2014 and 2015 by 1.6% (£55.7 billion) with purchases also decreasing by 4.8% (£112.7 billion). This is the second consecutive fall, with the largest contribution to these decreases seen within the distribution sector.
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