Northern Ireland becomes more prosperous, moving up to fifth in the index, as GDP and earnings increase.

GDP per capita in Northern Ireland grew at one of the fastest rates since our 2015 study at 11.3% to £17,948. This growth places the region in third, and ahead of London, where GDP increased by just 8%.

Another factor for the rise in prosperity is the 9% rise in average earnings, the fastest of all regions, to £23,643. House prices have also grown by 4%, faster than many other regions including Wales, Scotland and the North of England, with the average house in Northern Ireland now costing £119,500.

The number of millionaires in the region reduced slightly by 7.1%, from a population of 14,000 to 13,000, in line with the wider UK trend.