The Gross Domestic Product (GDP) in Camden was worth an estimated £37 billion in 2019, according to figures published by the ONS. Camden's GDP growth between 2018 and 2019 was 2.8% per year. Compare GDP by area.
The Professional, Scientific & Technical Service (e.g. legal, accounting) industry is the largest in Camden based on the number of jobs, accounting for 20.4% of roles in the area.
2019 ONS figures suggest that there are 402,000 jobs in Camden, which has a working-age (aged 16-65) population of 197,375. The 2019 job density in Camden is 2.04, meaning there are 2.04 jobs per member of the Camden working-age population.
Camden had a mean average salary for full-time employees of £46,079 in 2021. Camden's unemployment rate is 4.4% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Camden is 197,375 or 70.6% of the total population.
In 2021, 95.6% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 20.5% are self-employed, and 79.5% are employees.
Camden's working-age population ranks among the most educated in England.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Camden working-age (aged 16-64) population who have a degree or higher is 65.3%, which is above the 42.8% degree qualification rate for England.
Over 72% of the Camden working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
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Main page: Camden Salary
The average salary in Camden as of 2021 is £46,079. Between 2020 and 2021, average salaries fell by £537. Compare average salaries by area.
Camden's salary growth rate is -1.15% per year based on changes in average salary between 2020 and 2021, which is 1.15% lower than the average salary growth rate in Camden over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Camden is Corporate Managers And Directors, accounting for 19% 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 Camden is Textiles, Printing And Other Skilled Trades, with roles increasing 252% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||24,200||18.9%||17.5%|
|Business & Public Service Assoc. Professionals||17,800||13.9%||4.7%|
|Business, Media And Public Service Professionals||16,600||12.9%||-20.2%|
|Science, Research, Engineering And Technology Profs||11,300||8.8%||2.7%|
|Culture, Media And Sports Occupations||11,100||8.7%||-5.1%|
There was a 4% 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 Camden is Professional, Scientific & Technical Service (e.g. legal, accounting). Other major industries include Information & Communication, Health, which represents over 10% of roles in Camden.
Financial & Insurance companies make up 3% of the Camden economy that's lower than the average for England as a whole (~3%).
12% of the total jobs in Camden are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Professional, Scientific & Technical||75,000||20.4%|
|Information & Communication||44,000||12.0%|
|Business Administration & Support||29,000||7.9%|
The fastest-growing industry in Camden is Agriculture, Forestry & Fishing, with jobs in the sector increasing 43% between 2019 and 2020 from 35 to 50. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Camden between 2019 and 2020 was Motor trades, which saw an 44% decrease in roles, going from 1,250 to 700. 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 Camden, the number of roles in this sector has fallen by 6% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 195 large businesses in Camden, making up 0.6% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 660 medium-sized businesses based in Camden, making up 1.9% 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 2,845 small businesses based in Camden, making up 8.4% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Camden's unemployment rate is 4.4% that's 1% 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 27.8% of the unemployed population.
Secondary classifications include groups: student, looking after family, 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