Highlights

Annual Business Survey, UK non-financial business economy: 2016 provisional results

What's in the bulletin?

  • In 2016, the approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,201.1 billion; this was an increase of 3.9% (£44.6 billion) compared with 2015.
  • The estimate of aGVA represents the income (turnover) of UK businesses, less the cost of goods and services consumed in the production process (purchases); all four of the main sectors of the non-financial business economy (production, construction, distribution and non-financial services) saw a continuation in growth of aGVA in 2016.
  • The non-financial services sector, which accounted for over half (56.0%) of total aGVA in 2016, saw an increase of 3.3% (£21.6 billion); professional, scientific and technical services continued to provide the highest levels of aGVA within this sector contributing just under a quarter of the total (23.5%).
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