The Gross Domestic Product (GDP) in Bromsgrove was worth an estimated £3.3 billion in 2019, according to figures published by the ONS. Bromsgrove's GDP growth between 2018 and 2019 was -0.9% per year. Compare GDP by area.
The Business administration & support industry is the largest in Bromsgrove based on the number of jobs, accounting for 27.0% of roles in the area.
2019 ONS figures suggest that there are 54,000 jobs in Bromsgrove, which has a working-age (aged 16-65) population of 59,086. The 2019 job density in Bromsgrove is 0.91, meaning there are 0.91 jobs per member of the Bromsgrove working-age population.
Bromsgrove had a mean average salary for full-time employees of £32,317 in 2021. Bromsgrove's unemployment rate is 1.8% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Bromsgrove is 59,086 or 58.8% of the total population.
In 2021, 98.2% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 9.3% are self-employed, and 90.7% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Bromsgrove working-age (aged 16-64) population who have a degree or higher is 44.6%, which is above the 42.8% degree qualification rate for England.
Over 68% of the Bromsgrove working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
Main page: Bromsgrove Salary
The average salary in Bromsgrove as of 2021 is £32,317. Between 2020 and 2021, average salaries fell by £1,978. Compare average salaries by area.
Bromsgrove's salary growth rate is -5.77% per year based on changes in average salary between 2020 and 2021, which is 5.77% lower than the average salary growth rate in Bromsgrove over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Bromsgrove 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 Bromsgrove is Health Professionals, with roles increasing 225% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||5,900||13.1%||28.3%|
|Corporate Managers And Directors||5,300||11.8%||-5.4%|
|Teaching And Educational Professionals||5,300||11.8%||130.4%|
|Business, Media And Public Service Professionals||4,600||10.2%||-6.1%|
There was a 3% 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 Bromsgrove is Business administration & support. Other major industries include Health, which represents over 10% of roles in Bromsgrove.
Financial & Insurance companies make up 3% of the Bromsgrove economy that's higher than the average for England as a whole (~3%).
3% of the total jobs in Bromsgrove 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||14,000||27.0%|
The fastest-growing industry in Bromsgrove is Transport & Storage, with jobs in the sector increasing 67% between 2019 and 2020 from 1,500 to 2,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Bromsgrove between 2019 and 2020 was Mining, quarrying & utilities, which saw an 30% decrease in roles, going from 250 to 175. 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 Bromsgrove, 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 20 large businesses in Bromsgrove, 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 65 medium-sized businesses based in Bromsgrove, making up 0.9% 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 440 small businesses based in Bromsgrove, making up 6.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Bromsgrove's unemployment rate is 1.8% 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 32.0% of the unemployed population.
Secondary classifications include groups: student, 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