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Economy of England

Area selected: England
  • England and Wales
  • England
  • East
  • East Midlands
  • London
  • North East
  • North West
  • South East
  • South West
  • West Midlands
  • Yorkshire and the Humber
Pie Chart
GDP per capita
£32,874

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People
Unemployment rate
3.9%

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Business
Major Industry
Health

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GDP per capita
Unemployment rate
GDP growth per capita
Area type
Country
Population
56,536,419
GDP
£1.9 trillion
Average salary
£40,746
Labour force
36,249,817
Job Density
0.85

Economy of England

The Gross Domestic Product (GDP) in England was worth an estimated £1.9 trillion in 2020, according to figures published by the ONS. England's GDP growth between 2019 and 2020 was -2.3% per year. Compare GDP by area.

The Health industry is the largest in England based on the number of jobs, accounting for 13.1% of roles in the area.

2020 ONS figures suggest that there are 30,055,000 jobs in England, which has a working-age (aged 16-65) population of 36,249,817. The 2020 job density in England is 0.83, meaning there are 0.83 jobs per member of the England working-age population.

England had a mean average salary for full-time employees of £40,746 in 2022. England's unemployment rate is 3.9% as of 2022. Compare unemployment rate by area.

Labour Market in England

The 2020 labour force or working-age population in England is 36,249,817 or 64.1% of the total population.

In 2022, 96.1% of the labour market was recorded as employed. Of those employed, 12.5% are self-employed, and 87.5% are employees.

Qualifications

The Annual Population Survey for 2021 published by the ONS reports the percentage of the England working-age (aged 16-64) population who have a degree or higher is 43.2%

Over 61% of the England working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.

Qualifications classifications

  • NVQ 4: Degree or equivalent.
  • NVQ 3: 2 or more A levels or equivalent
  • NVQ 2: 5 or more GCSEs at grades A-C or equivalent
  • NVQ 1: fewer than 5 GCSEs at grades A-C or equivalent
  • NVQ Other: includes foreign qualifications and some professional qualifications.

Salaries in England

Main page: England Salary

The average salary in England as of 2022 is £40,746. Between 2021 and 2022, average salaries grew by £1,870. Compare average salaries by area.

England's salary growth rate is 4.81% per year based on changes in average salary between 2021 and 2022, which is 4.81% higher than the average salary growth rate in England over the past 9 years.

In England, the highest average wages are found in London where the average salary is £57,362 and the lowest average wages are found in North East England where the average salary is £34,116. The difference in average salary between the two areas is £23,246 - the average person in London earns 68.1% more than the average person in North East England.

Average Salary
Salary Growth

Jobs in England

Business data published by the ONS in 2021 show the most common job group in England is Administrative Occupations, accounting for 9% of all roles in the area.

The fastest-growing type of job in England is Health & Social Care Assoc. Professionals, with roles increasing 72% between July 2021 and July 2022.

Occupation
Number
Percentage
CHANGE
Administrative Occupations 2,348,800 8.6% 4.1%
Business, Media And Public Service Professionals 2,266,000 8.3% 25.7%
Science, Research, Engineering And Technology Profs 2,262,900 8.2% 17.5%
Elementary Administration & Service Occs 2,114,300 7.7% 5.0%
Corporate Managers And Directors 2,024,800 7.4% -9.0%
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Industries in England

There was a 3% increase in roles between 2020 and 2021.

Based on the total number of jobs, the largest industry in England is Health.

Financial & Insurance companies make up 4% of the England economy.

5% of the total jobs in England are in Information and Communication - one of the key sectors for the future.

Industry
Number
Percentage
Health 3,585,000 13.1%
Professional, Scientific & Technical 2,551,000 9.3%
Retail 2,478,000 9.0%
Business Administration & Support Services 2,434,000 8.9%
Education 2,324,000 8.5%
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Industry growth in England

The fastest-growing industry in England is Accommodation & Food Services, with jobs in the sector increasing 8% between 2020 and 2021 from 1,892,000 to 2,038,000.

The industry with the biggest decline in England between 2020 and 2021 was Agriculture, forestry & fishing, which saw an 5% decrease in roles, going from 375,000 to 355,000.

The Information and communication industry includes many of the top companies of the future. In England, the number of roles in this sector has risen by 3% over the past year.

Person
Average age
41

England Demographics Arrow Forward

Stats Chart
Crime rate (per 1,000 people)
8,245

England Crime Arrow Forward

Home
Average rent
£946

Rental Market of England Arrow Forward

Number of Businesses in England

2022 UK Business Count data published by the ONS show there are 9,345 large businesses in England, making up 0.4% of total businesses. A large business is defined as having over 250 employees.

There are 36,495 medium-sized businesses based in England, making up 1.5% of total businesses. A medium-sized business is defined as having between 50 and 249 employees.

There are 204,960 small businesses based in England, making up 8.5% of total businesses. A small business is defined as having between 10 and 49 employees.

Reasons for unemployment in England

England's unemployment rate is 3.9% 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 27.6% 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.

  • Student 27.6%
  • Looking After Family 20.2%
  • Temporary Sick 2.2%
  • Long-term Sick 24.4%
  • Discouraged 0.2%
  • Retired 13.6%
  • Other 11.9%

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Areas near England

Country
Wales
GDP per capita £23,881
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Areas in England

Region
South East
GDP per capita £34,516
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Region
North West
GDP per capita £28,257
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Region
London
GDP per capita £55,974
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Region
Yorkshire and the Humber
GDP per capita £25,697
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Region
East Midlands
GDP per capita £25,955
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Region
East
GDP per capita £29,177
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Region
West Midlands
GDP per capita £26,281
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Region
South West
GDP per capita £28,013
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Region
North East
GDP per capita £23,109
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Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2022. Data sources: ONS Local statistics

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