The Gross Domestic Product (GDP) in Gosport was worth an estimated £1.3 billion in 2019, according to figures published by the ONS. Gosport's GDP growth between 2018 and 2019 was 0.9% per year. Compare GDP by area.
The Manufacturing industry is the largest in Gosport based on the number of jobs, accounting for 13.0% of roles in the area.
2019 ONS figures suggest that there are 27,000 jobs in Gosport, which has a working-age (aged 16-65) population of 51,702. The 2019 job density in Gosport is 0.52, meaning there are 0.52 jobs per member of the Gosport working-age population.
Gosport had a mean average salary for full-time employees of £37,069 in 2021. Gosport's unemployment rate is 7.7% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Gosport is 51,702 or 61.1% of the total population.
In 2021, 92.3% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 12.4% are self-employed, and 87.6% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Gosport working-age (aged 16-64) population who have a degree or higher is 29.7%, which is below the 42.8% degree qualification rate for England.
Over 55% of the Gosport working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
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Main page: Gosport Salary
The average salary in Gosport as of 2021 is £37,069. Between 2020 and 2021, average salaries fell by £103. Compare average salaries by area.
Gosport's salary growth rate is -0.28% per year based on changes in average salary between 2020 and 2021, which is 0.28% lower than the average salary growth rate in Gosport over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Gosport is Caring Personal Service Occupations, accounting for 15% 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 Gosport is Elementary Administration & Service Occs, with roles increasing 82% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Caring Personal Service Occupations||4,300||14.7%||22.9%|
|Science, Research, Engineering And Technology Profs||3,400||11.6%||-5.6%|
|Elementary Administration & Service Occs||3,100||10.6%||82.4%|
|Skilled Metal, Electrical And Electronic Trades||3,000||10.2%|
There was a 2% decrease 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 Gosport is Manufacturing. Other major industries include Retail, Education, Health, which represents over 10% of roles in Gosport.
Financial & Insurance companies make up 1% of the Gosport economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Gosport are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Accommodation & Food Services||1,750||9.1%|
The fastest-growing industry in Gosport is Mining, Quarrying & Utilities, with jobs in the sector increasing 100% between 2019 and 2020 from 75 to 150. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Gosport between 2019 and 2020 was Transport & storage, which saw an 17% decrease in roles, going from 600 to 500. 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 Gosport, 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 5 large businesses in Gosport, 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 20 medium-sized businesses based in Gosport, making up 1.1% 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 155 small businesses based in Gosport, making up 8.2% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Gosport's unemployment rate is 7.7% 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 Looking After Family, representing 34.3% of the unemployed population.
Secondary classifications include groups: student, long-term sick, 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