The Gross Domestic Product (GDP) in Bolton was worth an estimated £6.6 billion in 2020, according to figures published by the ONS. Bolton's GDP growth between 2019 and 2020 was -2.1% per year. Compare GDP by area.
The Health industry is the largest in Bolton based on the number of jobs, accounting for 14.5% of roles in the area.
2020 ONS figures suggest that there are 133,000 jobs in Bolton, which has a working-age (aged 16-65) population of 185,492. The 2020 job density in Bolton is 0.72, meaning there are 0.72 jobs per member of the Bolton working-age population.
Bolton had a mean average salary for full-time employees of £31,459 in 2022. Bolton's unemployment rate is 4.1% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Bolton is 185,492 or 62.7% of the total population.
In 2022, 95.9% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 11.7% are self-employed, and 88.3% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Bolton working-age (aged 16-64) population who have a degree or higher is 33.0%, which is below the 42.8% degree qualification rate for England.
Over 54% of the Bolton working-age population have at least 2 A-levels (or equivalent), and 9% have no qualifications.
Main page: Bolton Salary
The average salary in Bolton as of 2022 is £31,459. Between 2021 and 2022, average salaries grew by £1,531. Compare average salaries by area.
Bolton's salary growth rate is 5.12% per year based on changes in average salary between 2021 and 2022, which is 5.12% higher than the average salary growth rate in Bolton over the past 9 years.
Business data published by the ONS in 2021 show the most common job group in Bolton is Elementary Administration & Service Occs, accounting for 10% 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 Bolton is Customer Service Occupations, with roles increasing 260% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||11,800||9.6%||26.9%|
|Caring Personal Service Occupations||10,500||8.6%||16.7%|
|Teaching And Educational Professionals||8,900||7.3%||39.1%|
There was a 7% increase in roles between 2020 and 2021. In England as a whole, there was a 3% decrease.
Based on the total number of jobs, the largest industry in Bolton is Health. Other major industries include Manufacturing, Retail, which represents over 10% of roles in Bolton.
Financial & Insurance companies make up 4% of the Bolton economy that's higher than the average for England as a whole (~3%).
2% of the total jobs in Bolton are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Transport & Storage||11,000||8.9%|
The fastest-growing industry in Bolton is Construction, with jobs in the sector increasing 60% between 2020 and 2021 from 5,000 to 8,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Bolton between 2020 and 2021 was Arts, entertainment, recreation & other services, which saw an 22% decrease in roles, going from 4,500 to 3,500. 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 Bolton, the number of roles in this sector has fallen by 10% over the past year, below the 1% annual increase seen in England.
2022 UK Business Count data published by the ONS show there are 40 large businesses in Bolton, making up 0.4% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 165 medium-sized businesses based in Bolton, making up 1.6% 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 980 small businesses based in Bolton, making up 9.2% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Bolton's unemployment rate is 4.1% that's 1% 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 Long-term Sick, representing 30.8% of the unemployed population.
Secondary classifications include groups: student, looking after family, retired, other, 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 2022. Data sources: ONS Local statistics