Here you can see information about the economy in Manchester. Ths includes information on businesses and economic forecasts.
If you are looking for statistics on employment levels, including employment by industry and earnings, go to the employment theme.
How do we measure the economy?
Gross Value Added (GVA) is a measure of the value of goods and service produced by an area and is commonly used as an indicator of economic performance.
Historically, ONS have produced estimates of regional GVA using the income approach and the production approach. Since 2017, the strengths from both approaches were taken to produce a new balanced measure of regional GVA, known as GVA (B); this is a single measure of economic activity within a region.
- In 2017 Manchester’s GVA (B) was £19.7million (ONS).
- Between 2016 and 2017, Manchester’s overall GVA (B) grew by 4.3%, compared to 3.6% for the UK, and is the third-highest growth of all the UK Core Cities (ONS).
- In March 2019, according to the UK Business Count 2019 (ONS) there were 22,630 enterprises in Manchester.
Accessing economic data
Local level economic data can be accessed from the Intelligence Hub, where you can view and download the data on a map and a chart.
A number of reports have been produced by the council about the Economy. This includes reports on businesses in Manchester, and economic forecasting.
A number of reports are also available relating to employment and earnings in Manchester
- The Greater Manchester Combined Authority (GMCA) supports business in Greater Manchester.
- Profiles for Local Enterprise Partnerships (LEPs) are available from the Office for National Statistics. Manchester is part of the Greater Manchester LEP.
- The Department for Work and Pensions (DWP) provides economic data for local areas via its Tabulation Tool and Stat-Xplore tool.