The Gross Domestic Product (GDP) in Greater Manchester was worth an estimated £84 billion in 2019, according to figures published by the ONS. Greater Manchester's GDP growth between 2018 and 2019 was 3.5% per year. Compare GDP by area.
The Health industry is the largest in Greater Manchester based on the number of jobs, accounting for 12.7% of roles in the area.
2019 ONS figures suggest that there are 1,557,000 jobs in Greater Manchester, which has a working-age (aged 16-65) population of 1,811,543. The 2019 job density in Greater Manchester is 0.86, meaning there are 0.86 jobs per member of the Greater Manchester working-age population.
Greater Manchester had a mean average salary for full-time employees of £34,707 in 2021. Greater Manchester's unemployment rate is 5.8% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Greater Manchester is 1,811,543 or 63.6% of the total population.
In 2021, 94.2% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 11.8% are self-employed, and 88.2% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Greater Manchester working-age (aged 16-64) population who have a degree or higher is 39.2%, which is below the 42.8% degree qualification rate for England.
Over 58% of the Greater Manchester working-age population have at least 2 A-levels (or equivalent), and 8% have no qualifications.
Main page: Greater Manchester Salary
The average salary in Greater Manchester as of 2021 is £34,707. Between 2020 and 2021, average salaries fell by £576. Compare average salaries by area.
Greater Manchester's salary growth rate is -1.63% per year based on changes in average salary between 2020 and 2021, which is 1.63% lower than the average salary growth rate in Greater Manchester over the past 9 years.
In Greater Manchester, the highest average wages are found in Trafford where the average salary is £38,478 and the lowest average wages are found in Rochdale where the average salary is £29,240. The difference in average salary between the two areas is £9,238 - the average person in Trafford earns 31.6% more than the average person in Rochdale.
Business data published by the ONS in 2020 show the most common job group in Greater Manchester is Administrative Occupations, accounting for 9% 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 Greater Manchester is Health & Social Care Assoc. Professionals, with roles increasing 39% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||107,500||8.2%||-12.7%|
|Business & Public Service Assoc. Professionals||104,700||8.0%||-3.0%|
|Science, Research, Engineering And Technology Profs||99,400||7.6%||25.7%|
|Caring Personal Service Occupations||91,300||6.9%||-2.0%|
There was a 3% 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 Greater Manchester is Health. Other major industries include Retail, which represents over 10% of roles in Greater Manchester.
Financial & Insurance companies make up 3% of the Greater Manchester economy that's lower than the average for England as a whole (~3%).
4% of the total jobs in Greater Manchester are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Professional, Scientific & Technical||135,000||10.0%|
|Business Administration & Support||134,000||9.9%|
The fastest-growing industry in Greater Manchester is Retail, with jobs in the sector increasing 6% between 2019 and 2020 from 134,000 to 142,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Greater Manchester between 2019 and 2020 was Arts, entertainment & recreation, which saw an 15% decrease in roles, going from 61,000 to 52,000. 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 Greater Manchester, the number of roles in this sector has risen by 4% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 420 large businesses in Greater Manchester, making up 0.4% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 1,695 medium-sized businesses based in Greater Manchester, making up 1.6% 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 9,455 small businesses based in Greater Manchester, making up 8.9% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Greater Manchester's unemployment rate is 5.8% that's 1% 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 27.4% 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