East Suffolk's economy ranks among the most prosperous in England.
The Gross Domestic Product (GDP) in East Suffolk was worth an estimated £6.2 billion in 2019, according to figures published by the ONS. East Suffolk's GDP growth between 2018 and 2019 was 5.7% per year. Compare GDP by area.
The Retail industry is the largest in East Suffolk based on the number of jobs, accounting for 12.5% of roles in the area.
2019 ONS figures suggest that there are 109,000 jobs in East Suffolk, which has a working-age (aged 16-65) population of 139,290. The 2019 job density in East Suffolk is 0.78, meaning there are 0.78 jobs per member of the East Suffolk working-age population.
East Suffolk had a mean average salary for full-time employees of £31,564 in 2021. East Suffolk's unemployment rate is 7.9% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in East Suffolk is 139,290 or 55.6% of the total population.
In 2021, 92.1% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 13.4% are self-employed, and 86.6% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the East Suffolk working-age (aged 16-64) population who have a degree or higher is 36.8%, which is below the 42.8% degree qualification rate for England.
Over 57% of the East Suffolk working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
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Main page: East Suffolk Salary
The average salary in East Suffolk as of 2021 is £31,564. Between 2020 and 2021, average salaries fell by £2,917. Compare average salaries by area.
East Suffolk's salary growth rate is -8.46% per year based on changes in average salary between 2020 and 2021, which is 8.46% lower than the average salary growth rate in East Suffolk over the past 3 years.
Business data published by the ONS in 2020 show the most common job group in East Suffolk is Corporate Managers And Directors, accounting for 12% 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 Suffolk is Business & Public Service Assoc. Professionals, with roles increasing 139% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||11,100||11.6%||-7.5%|
|Caring Personal Service Occupations||8,400||8.8%||-16.0%|
|Elementary Administration & Service Occs||7,100||7.4%||-23.7%|
|Science, Research, Engineering And Technology Profs||6,700||7.0%||52.3%|
There was a 2% 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 East Suffolk is Retail. Other major industries include Transport & Storage, Health, which represents over 10% of roles in East Suffolk.
Financial & Insurance companies make up 1% of the East Suffolk economy that's lower than the average for England as a whole (~3%).
5% of the total jobs in East Suffolk are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Transport & Storage||10,000||10.4%|
|Accommodation & Food Services||9,000||9.4%|
The fastest-growing industry in East Suffolk is Agriculture, Forestry & Fishing, with jobs in the sector increasing 29% between 2019 and 2020 from 3,500 to 4,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in East Suffolk between 2019 and 2020 was Property, which saw an 28% decrease in roles, going from 1,250 to 900. 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 Suffolk, 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 25 large businesses in East Suffolk, making up 0.3% 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 Suffolk, making up 1.3% 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 905 small businesses based in East Suffolk, making up 9.5% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
East Suffolk's unemployment rate is 7.9% that's 3% 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 Long-term Sick, representing 28.1% 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