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The Gross Domestic Product (GDP) in Gedling was worth an estimated £1.9 billion in 2019, according to figures published by the ONS. Gedling's GDP growth between 2018 and 2019 was 4.3% per year. Compare GDP by area.
The Health industry is the largest in Gedling based on the number of jobs, accounting for 12.7% of roles in the area.
2019 ONS figures suggest that there are 34,000 jobs in Gedling, which has a working-age (aged 16-65) population of 72,242. The 2019 job density in Gedling is 0.47, meaning there are 0.47 jobs per member of the Gedling working-age population.
Gedling had a mean average salary for full-time employees of £31,273 in 2021. Gedling's unemployment rate is 10.7% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Gedling is 72,242 or 61.1% of the total population.
In 2021, 89.3% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 14.1% are self-employed, and 85.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Gedling working-age (aged 16-64) population who have a degree or higher is 32.3%, which is below the 42.8% degree qualification rate for England.
Over 54% of the Gedling working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Qualifications classifications
Main page: Gedling Salary
The average salary in Gedling as of 2021 is £31,273. Between 2020 and 2021, average salaries fell by £1,595. Compare average salaries by area.
Gedling's salary growth rate is -4.85% per year based on changes in average salary between 2020 and 2021, which is 4.85% lower than the average salary growth rate in Gedling over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Gedling is Business & Public Service Assoc. Professionals, accounting for 8% 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 Gedling is Business & Public Service Assoc. Professionals, with roles increasing 100% 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 | 4,000 | 8.1% | 100.0% |
Administrative Occupations | 4,000 | 8.1% | -20.0% |
Business, Media And Public Service Professionals | 3,900 | 7.9% | 44.4% |
Teaching And Educational Professionals | 3,700 | 7.5% | 76.2% |
Corporate Managers And Directors | 3,400 | 6.9% | -48.5% |
There was a 3% 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 Gedling is Health. Other major industries include Manufacturing, Retail, Education, which represents over 10% of roles in Gedling.
Financial & Insurance companies make up 1% of the Gedling economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Gedling 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 |
---|---|---|
Health | 4,000 | 12.7% |
Manufacturing | 3,500 | 11.1% |
Retail | 3,500 | 11.1% |
Education | 3,500 | 11.1% |
Construction | 2,250 | 7.1% |
The fastest-growing industry in Gedling is Public Administration & Defence, with jobs in the sector increasing 125% between 2019 and 2020 from 1,000 to 2,250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Gedling between 2019 and 2020 was Business administration & support, which saw an 30% decrease in roles, going from 2,500 to 1,750. 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 Gedling, the number of roles in this sector has risen by 50% over the past year, above the 1% annual increase seen in England.
Gedling Demographics
Rental Market of Gedling
2021 UK Business Count data published by the ONS show there are 10 large businesses in Gedling, 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 45 medium-sized businesses based in Gedling, 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 255 small businesses based in Gedling, making up 7.2% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Gedling's unemployment rate is 10.7% that's 6% 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 Student, representing 36.1% 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.
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