The Gross Domestic Product (GDP) in Brent was worth an estimated £10 billion in 2019, according to figures published by the ONS. Brent's GDP growth between 2018 and 2019 was 5.7% per year. Compare GDP by area.
The Health industry is the largest in Brent based on the number of jobs, accounting for 15.4% of roles in the area.
2019 ONS figures suggest that there are 155,000 jobs in Brent, which has a working-age (aged 16-65) population of 215,316. The 2019 job density in Brent is 0.72, meaning there are 0.72 jobs per member of the Brent working-age population.
Brent had a mean average salary for full-time employees of £36,817 in 2021. Brent's unemployment rate is 5.2% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Brent is 215,316 or 65.7% of the total population.
In 2021, 94.8% 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 Brent working-age (aged 16-64) population who have a degree or higher is 50.3%, which is above the 42.8% degree qualification rate for England.
Over 68% of the Brent working-age population have at least 2 A-levels (or equivalent), and 9% have no qualifications.
Main page: Brent Salary
The average salary in Brent as of 2021 is £36,817. Between 2020 and 2021, average salaries fell by £1,419. Compare average salaries by area.
Brent's salary growth rate is -3.71% per year based on changes in average salary between 2020 and 2021, which is 3.71% lower than the average salary growth rate in Brent over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Brent is Business & Public Service Assoc. Professionals, accounting for 12% 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 Brent is Corporate Managers And Directors, with roles increasing 127% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||16,600||11.7%||80.4%|
|Science, Research, Engineering And Technology Profs||11,600||8.2%||-12.8%|
|Elementary Administration & Service Occs||10,700||7.5%||-37.8%|
|Corporate Managers And Directors||10,200||7.2%||126.7%|
There was a 0% decrease 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 Brent is Health. Other major industries include Retail, which represents over 10% of roles in Brent.
Financial & Insurance companies make up 1% of the Brent economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Brent are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Business Administration & Support||10,000||8.1%|
The fastest-growing industry in Brent is Retail, with jobs in the sector increasing 18% between 2019 and 2020 from 11,000 to 13,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Brent between 2019 and 2020 was Motor trades, which saw an 33% decrease in roles, going from 3,000 to 2,000. 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 Brent, the number of roles in this sector has fallen by 11% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 45 large businesses in Brent, making up 0.3% 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 Brent, making up 1.0% 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 935 small businesses based in Brent, making up 5.8% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Brent's unemployment rate is 5.2% that's 0% higher 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 Student, representing 47.7% of the unemployed population.
Secondary classifications include groups: 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