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The Gross Domestic Product (GDP) in East Hertfordshire was worth an estimated £4.8 billion in 2019, according to figures published by the ONS. East Hertfordshire's GDP growth between 2018 and 2019 was 7.3% per year. Compare GDP by area.
The Business administration & support industry is the largest in East Hertfordshire based on the number of jobs, accounting for 16.7% of roles in the area.
2019 ONS figures suggest that there are 84,000 jobs in East Hertfordshire, which has a working-age (aged 16-65) population of 94,174. The 2019 job density in East Hertfordshire is 0.89, meaning there are 0.89 jobs per member of the East Hertfordshire working-age population.
East Hertfordshire had a mean average salary for full-time employees of £40,265 in 2021. East Hertfordshire's unemployment rate is 5.0% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in East Hertfordshire is 94,174 or 62.0% of the total population.
In 2021, 95.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 13.9% are self-employed, and 86.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the East Hertfordshire working-age (aged 16-64) population who have a degree or higher is 40.9%, which is below the 42.8% degree qualification rate for England.
Over 62% of the East Hertfordshire working-age population have at least 2 A-levels (or equivalent), and 0% have no qualifications.
Qualifications classifications
Main page: East Hertfordshire Salary
The average salary in East Hertfordshire as of 2021 is £40,265. Between 2020 and 2021, average salaries grew by £1,113. Compare average salaries by area.
East Hertfordshire's salary growth rate is 2.84% per year based on changes in average salary between 2020 and 2021, which is 2.84% higher than the average salary growth rate in East Hertfordshire over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in East Hertfordshire is Business & Public Service Assoc. Professionals, accounting for 20% 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 East Hertfordshire is Business, Media And Public Service Professionals, with roles increasing 163% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
---|---|---|---|
Business & Public Service Assoc. Professionals | 14,500 | 19.8% | 55.9% |
Administrative Occupations | 8,300 | 11.4% | 7.8% |
Business, Media And Public Service Professionals | 7,100 | 9.7% | 163.0% |
Corporate Managers And Directors | 6,600 | 9.0% | -34.0% |
Science, Research, Engineering And Technology Profs | 4,700 | 6.4% | 46.9% |
There was a 5% 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 East Hertfordshire is Business administration & support.
Financial & Insurance companies make up 1% of the East Hertfordshire economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in East Hertfordshire 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 | 12,000 | 16.7% |
Professional, Scientific & Technical | 7,000 | 9.8% |
Health | 7,000 | 9.8% |
Construction | 6,000 | 8.4% |
Retail | 6,000 | 8.4% |
The fastest-growing industry in East Hertfordshire is Mining, Quarrying & Utilities, with jobs in the sector increasing 60% between 2019 and 2020 from 500 to 800. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in East Hertfordshire between 2019 and 2020 was Property, 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 East Hertfordshire, the number of roles in this sector has fallen by 17% over the past year, below the 1% annual increase seen in England.
East Hertfordshire Demographics
East Hertfordshire Crime
Rental Market of East Hertfordshire
2021 UK Business Count data published by the ONS show there are 20 large businesses in East Hertfordshire, making up 0.2% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 120 medium-sized businesses based in East Hertfordshire, 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 590 small businesses based in East Hertfordshire, making up 7.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
East Hertfordshire's unemployment rate is 5.0% 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 Long-term Sick, representing 21.7% of the unemployed population.
Secondary classifications include groups: student, looking after family, 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