Construction Statistics, Great Britain: 2022

The latest construction statistics for Great Britain in 2022 reveal significant developments in the industry:

  1. Construction Output:
    • The value of construction new work in current prices increased by 15.8% to a record high of £132,989 million.
    • Private sector work grew by £15,003 million, and public sector work increased by £3,158 million.
    • Construction new orders rose by 11.4% to £80,837 million in 2022, with growth in private infrastructure, private commercial, and other public non-housing.
  2. Industry Structure:
    • In Q3 2022, 374,332 Value Added Tax (VAT) and Pay As You Earn (PAYE) registered construction firms operated in Great Britain, marking a 5.9% growth compared to 2021.
    • The number of construction-related employees (excluding self-employment) increased by 3.3% in 2022, totaling 1.4 million workers.
  3. Insolvencies:
    • The construction industry witnessed a significant 59.4% annual increase in the number of recorded company insolvencies in 2022.
  4. Output Price Indices:
    • The all-work construction Output Price Index experienced strong annual price growth of 8.8% in December 2022.
  5. Regional Contributions:
    • England contributed the most to the growth in construction-related employees in 2022, with a 3.5% increase.
    • Wales and Scotland both experienced a 2.0% increase.

These statistics provide a comprehensive overview of the construction industry’s performance, reflecting growth in output, new orders, and employment, alongside challenges such as increased insolvencies. The data serves as a valuable resource for assessing the economic health and trends within the construction sector in Great Britain.