1. Main points
The approximate gross value added at basic prices (aGVA) generated by local unit activity of the UK non-financial business economy was estimated to be £1,734.9 billion in 2024; this is an increase of £75.9 billion (4.6%) compared with 2023.
10 of the 12 UK regions experienced growth in aGVA in 2024 compared with 2023; London experienced the largest increase in aGVA of £26.8 billion to £460.0 billion.
The non-financial services sector in London increased by £8.2 billion to £348.3 billion (2.4%) compared with 2023; this sector contributes 75.7% of London's total aGVA.
The highest contributions to UK local level aGVA in 2024 came from London (26.5%), the South East (14.3%), and the North West (10.5%).
2. Data on non-financial business economy
Non-financial business economy, UK regional results: Sections A to S Dataset | Released 4 June 2026 Annual data on business turnover, approximate gross value added (aGVA), purchases and employment costs, from the Annual Business Survey. Two-digit Standard Industrial Classification 2007 group by region or country.
Non-financial business economy, UK regional results: Revisions and change on previous year Dataset | Released 4 June 2026 Annual data on business turnover, approximate gross value added (aGVA), purchases and employment costs, from the Annual Business Survey. Two-digit Standard Industrial Classification 2007 group by region or country.
Non-financial business economy, UK regional results: quality measures Dataset | Released 4 June 2026 Annual data on business turnover, approximate gross value added (aGVA), purchases and employment costs, from the Annual Business Survey. Two-digit Standard Industrial Classification 2007 group by region or country.
Non-financial business economy, UK: Sections A to S Dataset | Released 26 May 2026 Annual data on size and growth within the UK non-financial business sectors as measured by the Annual Business Survey, broken down to four-digit Standard Industrial Classification 2007.
Non-financial business economy, UK: changes year-on-year Dataset | Released 26 May 2026 Annual revisions and year-on-year changes to business turnover, approximate gross value added (aGVA) and purchases within the UK non-financial business sectors as measured by the Annual Business Survey; Standard Industrial Classification 2007 by broad industry group.
3. Data sources and quality
69.90% of sampled businesses were included in the final Annual Business Survey (ABS) results in 2024. Quality measures for the ABS results are available in our Non-financial business economy, UK: quality measures dataset.
Employment data
The employment data have been removed from this publication. These data can be found in our Employees in Great Britain: 2023 bulletin. This bulletin includes data from the Business Register and Employment Survey (BRES), downloaded from the Nomis web portal.
Data sources and collection
The ABS is a sample survey of approximately 73,000 businesses across the UK. The ABS draws its sample from the Inter-Departmental Business Register (IDBR).
Quality and methodology
More quality and methodology information on strengths, limitations, appropriate uses, and how the data were created is available in our ABS quality and methodology information (QMI) report and in our ABS technical report.
Accessibility of Annual Business Survey output datasets
We have reviewed the new accessibility of datasets legislation and updated all datasets in this release. Feedback or questions on the new layout can be emailed to ABAPS@ons.gov.uk.
Back to table of contents5. Cite this statistical bulletin
Office for National Statistics (ONS), released 4 June 2026, ONS website, statistical bulletin, Non-financial business economy, UK regional (Annual Business Survey): 2024 results