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Borough Statistics – Economy and Labour Market

Borough Statistics - Economy and Labour Market

Businesses

In 2023 there were 9,390 VAT and/or PAYE registered businesses in the borough, accounting for 11.9% of all such businesses in Northern Ireland.

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Employment

It is estimated that in 2022, approximately 106,000 people in the borough were in employment. The employment rate for those aged 16-64 was 75.2% in the borough and 71.9% in Northern Ireland.

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Earnings

In 2023, average full-time weekly earnings of residents in Armagh City, Banbridge and Craigavon borough were less than the average weekly earnings of those working in the borough.

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Town Centre Vacancy Rates

As at 31st October 2023, vacancy rates of non-domestic properties in the borough ranged from 9.7% in Craigavon to 23.3% in Dromore.

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Economy statistics