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Borough Statistics – Economy and Labour Market

Borough Statistics - Economy and Labour Market

Businesses

In 2024 there were 9,330 VAT and/or PAYE registered businesses in the borough, accounting for 11.7% of all such businesses in Northern Ireland.

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Employment

It is estimated that in 2023, approximately 109,000 people in the borough were in employment. The employment rate for those aged 16-64 was 76.6% in the borough and 73.6% in Northern Ireland.

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Earnings

In 2024, average full-time weekly earnings of residents in Armagh City, Banbridge and Craigavon borough were £4.80 higher than the average weekly earnings of those working in the borough.

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Town Centre Vacancy Rates

As at 30th April 2024, vacancy rates of non-domestic properties in the borough ranged from 7.9% in Craigavon to 24.4% in Dromore.

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Economy statistics