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.
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.
|Business & Public Service Assoc. Professionals||4,000||8.1%||100.0%|
|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.
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.
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