Area type
Non-metropolitan District
Population
97,592
GDP
£2.7 billion
Average salary
£39,782
Labour force
60,187
Job Density
0.67
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The Gross Domestic Product (GDP) in Broxbourne was worth an estimated £2.7 billion in 2019, according to figures published by the ONS. Broxbourne's GDP growth between 2018 and 2019 was -0.7% per year. Compare GDP by area.
The Business administration & support industry is the largest in Broxbourne based on the number of jobs, accounting for 16.1% of roles in the area.
2019 ONS figures suggest that there are 40,000 jobs in Broxbourne, which has a working-age (aged 16-65) population of 60,187. The 2019 job density in Broxbourne is 0.66, meaning there are 0.66 jobs per member of the Broxbourne working-age population.
Broxbourne had a mean average salary for full-time employees of £39,782 in 2021. Broxbourne's unemployment rate is 4.9% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Broxbourne is 60,187 or 61.7% of the total population.
In 2021, 95.1% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 23.9% are self-employed, and 76.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Broxbourne working-age (aged 16-64) population who have a degree or higher is 22.2%, which is below the 42.8% degree qualification rate for England.
Over 39% of the Broxbourne working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Qualifications classifications
Main page: Broxbourne Salary
The average salary in Broxbourne as of 2021 is £39,782. Between 2020 and 2021, average salaries grew by £5,498. Compare average salaries by area.
Broxbourne's salary growth rate is 16.04% per year based on changes in average salary between 2020 and 2021, which is 16.04% higher than the average salary growth rate in Broxbourne over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Broxbourne is Administrative Occupations, 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 Broxbourne is Other Managers And Proprietors, with roles increasing 193% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
|---|---|---|---|
| Administrative Occupations | 5,100 | 11.6% | -28.2% |
| Other Managers And Proprietors | 4,400 | 10.0% | 193.3% |
| Caring Personal Service Occupations | 4,300 | 9.8% | 7.5% |
| Teaching And Educational Professionals | 3,900 | 8.9% | 5.4% |
| Skilled Construction And Building Trades | 3,700 | 8.4% | 19.4% |
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 Broxbourne is Business administration & support. Other major industries include Construction, Retail, which represents over 10% of roles in Broxbourne.
Financial & Insurance companies make up 1% of the Broxbourne economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Broxbourne are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
Industry | Number | Percentage |
|---|---|---|
| Business Administration & Support | 6,000 | 16.1% |
| Construction | 4,500 | 12.1% |
| Retail | 4,000 | 10.7% |
| Wholesale | 3,000 | 8.1% |
| Professional, Scientific & Technical | 3,000 | 8.1% |
The fastest-growing industry in Broxbourne is Business Administration & Support, with jobs in the sector increasing 50% between 2019 and 2020 from 4,000 to 6,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Broxbourne between 2019 and 2020 was Arts, entertainment & recreation, which saw an 33% decrease in roles, going from 1,500 to 1,000. 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 Broxbourne, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.
Broxbourne Demographics
Broxbourne Crime
Rental Market of Broxbourne
2021 UK Business Count data published by the ONS show there are 20 large businesses in Broxbourne, making up 0.5% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 45 medium-sized businesses based in Broxbourne, 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 295 small businesses based in Broxbourne, making up 6.8% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Broxbourne's unemployment rate is 4.9% that's 0% 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 Other, representing 25.4% of the unemployed population.
Secondary classifications include one group: 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