The Gross Domestic Product (GDP) in Babergh was worth an estimated £2.1 billion in 2019, according to figures published by the ONS. Babergh's GDP growth between 2018 and 2019 was 4.0% per year. Compare GDP by area.
The Manufacturing industry is the largest in Babergh based on the number of jobs, accounting for 13.5% of roles in the area.
2019 ONS figures suggest that there are 36,000 jobs in Babergh, which has a working-age (aged 16-65) population of 52,714. The 2019 job density in Babergh is 0.68, meaning there are 0.68 jobs per member of the Babergh working-age population.
Babergh had a mean average salary for full-time employees of £32,269 in 2021. Babergh's unemployment rate is 2.4% as of 2019. Compare unemployment rate by area.
The 2019 labour force or working-age population in Babergh is 52,714 or 56.8% of the total population.
In 2021, 97.6% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 15.3% are self-employed, and 84.7% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Babergh working-age (aged 16-64) population who have a degree or higher is 38.5%, which is below the 42.8% degree qualification rate for England.
Over 58% of the Babergh working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
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Main page: Babergh Salary
The average salary in Babergh as of 2021 is £32,269. Between 2020 and 2021, average salaries grew by £1,165. Compare average salaries by area.
Babergh's salary growth rate is 3.75% per year based on changes in average salary between 2020 and 2021, which is 3.75% higher than the average salary growth rate in Babergh over the past 8 years.
Business data published by the ONS in 2020 show the most common job group in Babergh is Transport & Mobile Machine Drivers/operatives, accounting for 11% of all roles in the area. In England as a whole, the largest job group is Business & Public Service Assoc. Professionals.
The fastest-growing type of job in Babergh is Business & Public Service Assoc. Professionals, with roles increasing 120% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Transport & Mobile Machine Drivers/operatives||4,300||11.3%||115.0%|
|Caring Personal Service Occupations||4,200||11.1%||-14.3%|
|Corporate Managers And Directors||3,800||10.0%||-2.6%|
|Elementary Administration & Service Occs||3,100||8.2%||-26.2%|
There was a 2% increase in roles between 2019 and 2020. In England as a whole, there was a 2% decrease.
Based on the total number of jobs, the largest industry in Babergh is Manufacturing. Other major industries include Retail, which represents over 10% of roles in Babergh.
Financial & Insurance companies make up 1% of the Babergh economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Babergh are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Accommodation & Food Services||3,000||9.0%|
|Professional, Scientific & Technical||3,000||9.0%|
The fastest-growing industry in Babergh is Agriculture, Forestry & Fishing, with jobs in the sector increasing 20% between 2019 and 2020 from 1,250 to 1,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Babergh between 2019 and 2020 was Property, which saw an 30% decrease in roles, going from 500 to 350. In England more broadly the industry with the biggest year on year decline was Arts, entertainment & recreation, with roles decreasing by 8%.
The Information and communication industry includes many of the top companies of the future. In Babergh, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 10 large businesses in Babergh, making up 0.2% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 60 medium-sized businesses based in Babergh, making up 1.4% of total businesses - in England, 1.5% of businesses are medium-sized. A medium-sized business is defined as having between 50 and 249 employees.
There are 355 small businesses based in Babergh, making up 8.5% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Babergh's unemployment rate is 2.4% that's 3% lower than the average unemployment rate for England as a whole. Unemployment rates are the number of unemployed people as a percentage of the working-age population.
The main group within the unemployment population is Retired, representing 25.6% of the unemployed population.
Secondary classifications include groups: student, looking after family, long-term sick, all of which represent over 10% of the unemployed population.
In England as a whole, students are the main group within the unemployed population, accounting for 28.9% of the unemployed population.
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics