The Gross Domestic Product (GDP) in Braintree was worth an estimated £4.1 billion in 2019, according to figures published by the ONS. Braintree's GDP growth between 2018 and 2019 was -3.2% per year. Compare GDP by area.
The Health industry is the largest in Braintree based on the number of jobs, accounting for 12.5% of roles in the area.
2019 ONS figures suggest that there are 67,000 jobs in Braintree, which has a working-age (aged 16-65) population of 92,272. The 2019 job density in Braintree is 0.73, meaning there are 0.73 jobs per member of the Braintree working-age population.
Braintree had a mean average salary for full-time employees of £34,565 in 2021. Braintree's unemployment rate is 3.4% as of 2020. Compare unemployment rate by area.
The 2019 labour force or working-age population in Braintree is 92,272 or 60.3% of the total population.
In 2021, 96.6% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 17.3% are self-employed, and 82.7% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Braintree working-age (aged 16-64) population who have a degree or higher is 34.3%, which is below the 42.8% degree qualification rate for England.
Over 61% of the Braintree working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
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Main page: Braintree Salary
The average salary in Braintree as of 2021 is £34,565. Between 2020 and 2021, average salaries fell by £1,778. Compare average salaries by area.
Braintree's salary growth rate is -4.89% per year based on changes in average salary between 2020 and 2021, which is 4.89% lower than the average salary growth rate in Braintree over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Braintree is Business & Public Service Assoc. Professionals, 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 Braintree is Secretarial And Related Occupations, with roles increasing 200% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||7,400||9.6%||111.4%|
|Corporate Managers And Directors||6,500||8.4%||-37.5%|
|Elementary Administration & Service Occs||6,000||7.8%||-1.6%|
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 Braintree is Health. Other major industries include Retail, which represents over 10% of roles in Braintree.
Financial & Insurance companies make up 3% of the Braintree economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Braintree are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Professional, Scientific & Technical||5,000||8.9%|
The fastest-growing industry in Braintree is Mining, Quarrying & Utilities, with jobs in the sector increasing 150% between 2019 and 2020 from 500 to 1,250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Braintree between 2019 and 2020 was Arts, entertainment & recreation, which saw an 22% decrease in roles, going from 2,250 to 1,750. 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 Braintree, 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 Braintree, making up 0.1% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 110 medium-sized businesses based in Braintree, 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 595 small businesses based in Braintree, making up 8.9% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Braintree's unemployment rate is 3.4% that's 2% 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 46.2% of the unemployed population.
Secondary classifications include groups: student, looking after family, retired, 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