The Gross Domestic Product (GDP) in Greater Manchester was worth an estimated £83 billion in 2020, according to figures published by the ONS. Greater Manchester's GDP growth between 2019 and 2020 was -1.6% per year. Compare GDP by area.
The Health industry is the largest in Greater Manchester based on the number of jobs, accounting for 13.0% of roles in the area.
2020 ONS figures suggest that there are 1,500,000 jobs in Greater Manchester, which has a working-age (aged 16-65) population of 1,863,787. The 2020 job density in Greater Manchester is 0.80, meaning there are 0.80 jobs per member of the Greater Manchester working-age population.
Greater Manchester had a mean average salary for full-time employees of £36,338 in 2022. Greater Manchester's unemployment rate is 5.1% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Greater Manchester is 1,863,787 or 65.0% of the total population.
In 2022, 94.9% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 10.9% are self-employed, and 89.1% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Greater Manchester working-age (aged 16-64) population who have a degree or higher is 39.1%, 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 2022 is £36,338. Between 2021 and 2022, average salaries grew by £1,631. Compare average salaries by area.
Greater Manchester's salary growth rate is 4.70% per year based on changes in average salary between 2021 and 2022, which is 4.70% higher than the average salary growth rate in Greater Manchester over the past 9 years.
In Greater Manchester, the highest average wages are found in Manchester where the average salary is £40,190 and the lowest average wages are found in Tameside where the average salary is £30,484. The difference in average salary between the two areas is £9,706 - the average person in Manchester earns 31.8% more than the average person in Tameside.
Business data published by the ONS in 2021 show the most common job group in Greater Manchester is Elementary Administration & Service Occs, 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 105% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||120,000||9.1%||11.6%|
|Science, Research, Engineering And Technology Profs||106,200||8.1%||6.8%|
|Business & Public Service Assoc. Professionals||97,800||7.4%||-6.6%|
|Business, Media And Public Service Professionals||97,600||7.4%||18.2%|
There was a 5% increase in roles between 2020 and 2021. In England as a whole, there was a 3% decrease.
Based on the total number of jobs, the largest industry in Greater Manchester is Health. Other major industries include Professional, Scientific & Technical, which represents over 10% of roles in Greater Manchester.
Financial & Insurance companies make up 4% of the Greater Manchester economy that's higher 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||153,000||10.8%|
|Business Administration & Support Services||141,000||9.9%|
The fastest-growing industry in Greater Manchester is Construction, with jobs in the sector increasing 43% between 2020 and 2021 from 54,000 to 77,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Greater Manchester between 2020 and 2021 was Motor trades, which saw an 17% decrease in roles, going from 24,000 to 20,000. 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 fallen by 6% over the past year, below the 1% annual increase seen in England.
2022 UK Business Count data published by the ONS show there are 425 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 1,705 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 9,920 small businesses based in Greater Manchester, making up 9.2% 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 5.1% that's 0% lower 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 27.7% of the unemployed population.
Secondary classifications include groups: student, looking after family, 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 2022. Data sources: ONS Local statistics