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Northern Ireland

Northern Ireland now the UK’s fourth most prosperous region, with a score of 0.35.

Measure

Results

Household wealth:

£N/A

GDP:

£18,584

Unemployment:

6.1%

Household expenditure:

£503 per week

House prices

£125,507

Exam achievements

67.9%

Hours worked:

33.1

Earnings:

£24,601

Business births/deaths

1.37

Insolvency rates:

N/A

Millionaire numbers:

12,500

Northern Ireland has climbed one place in the Prosperity Map ranking and is now the UK’s fourth most prosperous region. Earnings have seen the second-highest increase of any region, up 3.6% – only the West Midlands (3.9%) has seen a greater leap.

Household expenditure has increased 3.8% to £503 per week – surpassed only by London (+5.9%), Eastern England (+5.8%), Yorkshire and the Humber (+5.7%) and the East Midlands (+3.9%).

House prices have also seen a 5% growth, reaching an average of £125,507 and outpacing the North East (+4%), Wales (+4%), London (+3%) and Scotland (+2%). Despite this growth, Northern Ireland continues to rank second from bottom in the UK on average house price – only the North East is lower, at an average of £118,971.

Northern Ireland continues to top the ranking for educational attainment in the UK, with 69.7% of those taking GCSEs achieving five or more A*-C grades.

Northern Ireland’s business birth-to-death ratio stands at 1.37, climbing three places and ranking above the South West (1.35), Wales (1.34) and Scotland (1.33), though well below the leader, London, at 1.78.

Its millionaire population has seen an 8.7% growth and now numbers 12,500, although its overall share of the UK’s total millionaire population remains consistent at 2%.

UK Prosperity Map

An in-depth view of prosperity drivers across the UK

Scores per region, gleaned from official data – including GDP, employment, enterprise figures, household spending and number of millionaires.

About this research

The UK Prosperity Map is an annual piece of research compiled by Opinium on behalf of Barclays Wealth & Investments. It ranks UK regions and cities in terms of their affluence. A Prosperity Index score has been calculated by Opinium for each UK city and region. In addition, data provided by Wealth-X calculates UK millionaire numbers. The index uses third party figures on the factors listed below: