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.
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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.
|Business & Public Service Assoc. Professionals||14,500||19.8%||55.9%|
|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.
|Business Administration & Support||12,000||16.7%|
|Professional, Scientific & Technical||7,000||9.8%|
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.
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