The Gross Domestic Product (GDP) in Bromley was worth an estimated £9.6 billion in 2019, according to figures published by the ONS. Bromley's GDP growth between 2018 and 2019 was 2.1% per year. Compare GDP by area.
The Health industry is the largest in Bromley based on the number of jobs, accounting for 15.6% of roles in the area.
2019 ONS figures suggest that there are 133,000 jobs in Bromley, which has a working-age (aged 16-65) population of 206,779. The 2019 job density in Bromley is 0.64, meaning there are 0.64 jobs per member of the Bromley working-age population.
Bromley had a mean average salary for full-time employees of £38,770 in 2021. Bromley's unemployment rate is 5.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Bromley is 206,779 or 62.1% of the total population.
In 2021, 94.7% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 15.1% are self-employed, and 84.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Bromley working-age (aged 16-64) population who have a degree or higher is 52.5%, which is above the 42.8% degree qualification rate for England.
Over 69% of the Bromley working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
Custom interactive dashboards built for your public or private sector business
Reports customised with your logo and company colour schemes
Get email notifications when new up-to-date data is added to your reports
Save your reports as PDFs or Word Docs
No upfront costs - we have affordable subscription plans
Main page: Bromley Salary
The average salary in Bromley as of 2021 is £38,770. Between 2020 and 2021, average salaries fell by £59. Compare average salaries by area.
Bromley's salary growth rate is -0.15% per year based on changes in average salary between 2020 and 2021, which is 0.15% lower than the average salary growth rate in Bromley over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Bromley is Business & Public Service Assoc. Professionals, accounting for 13% 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 Bromley is Skilled Construction And Building Trades, with roles increasing 313% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||22,400||13.0%||20.4%|
|Corporate Managers And Directors||19,900||11.6%||-15.0%|
|Business, Media And Public Service Professionals||18,700||10.9%||8.1%|
|Science, Research, Engineering And Technology Profs||12,400||7.2%||13.8%|
There was a 1% 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 Bromley is Health. Other major industries include Retail, Business Administration & Support, Education, which represents over 10% of roles in Bromley.
Financial & Insurance companies make up 5% of the Bromley economy that's higher than the average for England as a whole (~3%).
3% of the total jobs in Bromley 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||12,000||11.0%|
|Professional, Scientific & Technical||10,000||9.2%|
The fastest-growing industry in Bromley is Mining, Quarrying & Utilities, with jobs in the sector increasing 56% between 2019 and 2020 from 800 to 1,250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Bromley between 2019 and 2020 was Motor trades, which saw an 33% decrease in roles, going from 2,250 to 1,500. 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 Bromley, the number of roles in this sector has fallen by 22% 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 Bromley, 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 155 medium-sized businesses based in Bromley, 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 865 small businesses based in Bromley, making up 5.7% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Bromley's unemployment rate is 5.3% 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 Looking After Family, representing 28.6% of the unemployed population.
Secondary classifications include groups: student, long-term sick, 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 2021. Data sources: ONS Local statistics