Chelmsford's economy ranks among the most prosperous in England.
The Gross Domestic Product (GDP) in Chelmsford was worth an estimated £5.8 billion in 2019, according to figures published by the ONS. Chelmsford's GDP growth between 2018 and 2019 was 4.1% per year. Compare GDP by area.
The Health industry is the largest in Chelmsford based on the number of jobs, accounting for 16.8% of roles in the area.
2019 ONS figures suggest that there are 103,000 jobs in Chelmsford, which has a working-age (aged 16-65) population of 110,478. The 2019 job density in Chelmsford is 0.93, meaning there are 0.93 jobs per member of the Chelmsford working-age population.
Chelmsford had a mean average salary for full-time employees of £37,220 in 2021. Chelmsford's unemployment rate is 5.9% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Chelmsford is 110,478 or 61.5% of the total population.
In 2021, 94.1% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 10.2% are self-employed, and 89.8% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Chelmsford working-age (aged 16-64) population who have a degree or higher is 38.0%, which is below the 42.8% degree qualification rate for England.
Over 63% of the Chelmsford working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
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Main page: Chelmsford Salary
The average salary in Chelmsford as of 2021 is £37,220. Between 2020 and 2021, average salaries grew by £712. Compare average salaries by area.
Chelmsford's salary growth rate is 1.95% per year based on changes in average salary between 2020 and 2021, which is 1.95% higher than the average salary growth rate in Chelmsford over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Chelmsford is Business & Public Service Assoc. Professionals, accounting for 15% 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 Chelmsford is Teaching And Educational Professionals, with roles increasing 191% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||12,200||14.5%||14.0%|
|Corporate Managers And Directors||11,400||13.6%||-5.8%|
|Business, Media And Public Service Professionals||5,600||6.7%||-16.4%|
There was a 0% 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 Chelmsford is Health. Other major industries include Retail, which represents over 10% of roles in Chelmsford.
Financial & Insurance companies make up 4% of the Chelmsford economy that's higher than the average for England as a whole (~3%).
4% of the total jobs in Chelmsford are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Professional, Scientific & Technical||7,000||7.8%|
|Business Administration & Support||7,000||7.8%|
The fastest-growing industry in Chelmsford is Agriculture, Forestry & Fishing, with jobs in the sector increasing 25% between 2019 and 2020 from 800 to 1,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Chelmsford between 2019 and 2020 was Property, which saw an 29% decrease in roles, going from 1,750 to 1,250. 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 Chelmsford, 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 30 large businesses in Chelmsford, making up 0.4% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 115 medium-sized businesses based in Chelmsford, making up 1.4% 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 650 small businesses based in Chelmsford, making up 8.0% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Chelmsford's unemployment rate is 5.9% that's 1% 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 30.3% of the unemployed population.
Secondary classifications include groups: long-term sick, 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