Dacorum's economy ranks among the most prosperous in England.
The Gross Domestic Product (GDP) in Dacorum was worth an estimated £5.1 billion in 2019, according to figures published by the ONS. Dacorum's GDP growth between 2018 and 2019 was 2.5% per year. Compare GDP by area.
The Business administration & support industry is the largest in Dacorum based on the number of jobs, accounting for 33.4% of roles in the area.
2019 ONS figures suggest that there are 111,000 jobs in Dacorum, which has a working-age (aged 16-65) population of 96,197. The 2019 job density in Dacorum is 1.15, meaning there are 1.15 jobs per member of the Dacorum working-age population.
Dacorum had a mean average salary for full-time employees of £36,563 in 2021. Dacorum's unemployment rate is 5.8% as of 2020. Compare unemployment rate by area.
The 2019 labour force or working-age population in Dacorum is 96,197 or 61.9% of the total population.
In 2021, 94.2% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 15.3% are self-employed, and 84.7% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Dacorum working-age (aged 16-64) population who have a degree or higher is 42.8%, which is above the 42.8% degree qualification rate for England.
Over 53% of the Dacorum working-age population have at least 2 A-levels (or equivalent), and 5% 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: Dacorum Salary
The average salary in Dacorum as of 2021 is £36,563. Between 2020 and 2021, average salaries fell by £1,994. Compare average salaries by area.
Dacorum's salary growth rate is -5.17% per year based on changes in average salary between 2020 and 2021, which is 5.17% lower than the average salary growth rate in Dacorum over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Dacorum is Elementary Administration & Service Occs, 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 Dacorum is Science, Engineering And Technology Associate Profs, with roles increasing 117% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||10,100||13.2%||57.8%|
|Science, Research, Engineering And Technology Profs||7,000||9.1%||105.9%|
|Business & Public Service Assoc. Professionals||5,800||7.6%||-32.6%|
|Business, Media And Public Service Professionals||5,300||6.9%||29.3%|
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 Dacorum is Business administration & support.
Financial & Insurance companies make up 1% of the Dacorum economy that's lower than the average for England as a whole (~3%).
6% of the total jobs in Dacorum are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Business Administration & Support||33,000||33.4%|
|Professional, Scientific & Technical||7,000||7.1%|
The fastest-growing industry in Dacorum is Mining, Quarrying & Utilities, with jobs in the sector increasing 20% between 2019 and 2020 from 250 to 300. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Dacorum between 2019 and 2020 was Financial & insurance, which saw an 20% decrease in roles, going from 1,250 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 Dacorum, the number of roles in this sector has risen by 20% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 40 large businesses in Dacorum, 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 115 medium-sized businesses based in Dacorum, 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 555 small businesses based in Dacorum, 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.
Dacorum's unemployment rate is 5.8% 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 22.9% of the unemployed population.
Secondary classifications include groups: looking after family, 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