Area type
Non-metropolitan District
Population
155,457
GDP
£5.1 billion
Average salary
£36,563
Labour force
96,197
Job Density
1.16
View trend
View trend
View breakdown
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.
Qualifications classifications
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.
Occupation | Number | Percentage | CHANGE |
|---|---|---|---|
| Elementary Administration & Service Occs | 10,100 | 13.2% | 57.8% |
| Science, Research, Engineering And Technology Profs | 7,000 | 9.1% | 105.9% |
| Administrative Occupations | 6,300 | 8.2% | 10.5% |
| 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.
Industry | Number | Percentage |
|---|---|---|
| Business Administration & Support | 33,000 | 33.4% |
| Retail | 7,000 | 7.1% |
| Professional, Scientific & Technical | 7,000 | 7.1% |
| Health | 7,000 | 7.1% |
| Wholesale | 6,000 | 6.1% |
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.
Dacorum Demographics
Dacorum Crime
Rental Market of Dacorum
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