The Gross Domestic Product (GDP) in Fenland was worth an estimated £2.2 billion in 2019, according to figures published by the ONS. Fenland's GDP growth between 2018 and 2019 was 1.1% per year. Compare GDP by area.
The Manufacturing industry is the largest in Fenland based on the number of jobs, accounting for 15.0% of roles in the area.
2019 ONS figures suggest that there are 41,000 jobs in Fenland, which has a working-age (aged 16-65) population of 60,105. The 2019 job density in Fenland is 0.68, meaning there are 0.68 jobs per member of the Fenland working-age population.
Fenland had a mean average salary for full-time employees of £31,254 in 2021. Fenland's unemployment rate is 7.0% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Fenland is 60,105 or 58.9% of the total population.
In 2021, 93.0% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 14.7% are self-employed, and 85.3% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Fenland working-age (aged 16-64) population who have a degree or higher is 28.0%, which is below the 42.8% degree qualification rate for England.
Over 57% of the Fenland working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
Main page: Fenland Salary
The average salary in Fenland as of 2021 is £31,254. Between 2020 and 2021, average salaries grew by £1,737. Compare average salaries by area.
Fenland's salary growth rate is 5.88% per year based on changes in average salary between 2020 and 2021, which is 5.88% higher than the average salary growth rate in Fenland over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Fenland is Elementary Administration & Service Occs, 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 Fenland is Elementary Administration & Service Occs, with roles increasing 24% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||7,200||19.8%||24.1%|
|Elementary Trades And Related Occupations||3,800||10.4%||18.8%|
|Science, Research, Engineering And Technology Profs||3,500||9.6%|
|Skilled Metal, Electrical And Electronic Trades||3,500||9.6%||6.1%|
There was a 4% 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 Fenland is Manufacturing. Other major industries include Business Administration & Support, Health, which represents over 10% of roles in Fenland.
Financial & Insurance companies make up 1% of the Fenland economy that's lower than the average for England as a whole (~3%).
1% of the total jobs in Fenland 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||5,000||12.5%|
|Transport & Storage||3,500||8.8%|
|Agriculture, Forestry & Fishing||3,000||7.5%|
The fastest-growing industry in Fenland is Mining, Quarrying & Utilities, with jobs in the sector increasing 78% between 2019 and 2020 from 450 to 800. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Fenland between 2019 and 2020 was Motor trades, which saw an 13% decrease in roles, going from 800 to 700. 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 Fenland, the number of roles in this sector has risen by 11% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 5 large businesses in Fenland, making up 0.1% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 55 medium-sized businesses based in Fenland, making up 1.5% 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 285 small businesses based in Fenland, making up 7.7% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Fenland's unemployment rate is 7.0% that's 2% 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 45.5% of the unemployed population.
Secondary classifications include groups: student, looking after family, retired, 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