Area type
London Borough
Population
289,034
GDP
£6.9 billion
Average salary
£38,305
Labour force
194,860
Job Density
0.55
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The Gross Domestic Product (GDP) in Greenwich was worth an estimated £6.9 billion in 2019, according to figures published by the ONS. Greenwich's GDP growth between 2018 and 2019 was 7.1% per year. Compare GDP by area.
The Health industry is the largest in Greenwich based on the number of jobs, accounting for 17.7% of roles in the area.
2019 ONS figures suggest that there are 107,000 jobs in Greenwich, which has a working-age (aged 16-65) population of 194,860. The 2019 job density in Greenwich is 0.55, meaning there are 0.55 jobs per member of the Greenwich working-age population.
Greenwich had a mean average salary for full-time employees of £38,305 in 2021. Greenwich's unemployment rate is 7.1% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Greenwich is 194,860 or 67.4% of the total population.
In 2021, 92.9% 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.
Greenwich's working-age population ranks among the most educated in England.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Greenwich working-age (aged 16-64) population who have a degree or higher is 62.1%, which is above the 42.8% degree qualification rate for England.
Over 71% of the Greenwich working-age population have at least 2 A-levels (or equivalent), and 2% have no qualifications.
Qualifications classifications
Main page: Greenwich Salary
The average salary in Greenwich as of 2021 is £38,305. Between 2020 and 2021, average salaries grew by £658. Compare average salaries by area.
Greenwich's salary growth rate is 1.75% per year based on changes in average salary between 2020 and 2021, which is 1.75% higher than the average salary growth rate in Greenwich over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Greenwich is Science, Research, Engineering And Technology Profs, accounting for 12% 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 Greenwich is Science, Engineering And Technology Associate Profs, with roles increasing 60% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
|---|---|---|---|
| Science, Research, Engineering And Technology Profs | 18,000 | 12.1% | 59.3% |
| Business & Public Service Assoc. Professionals | 15,100 | 10.2% | -26.0% |
| Business, Media And Public Service Professionals | 14,800 | 10.0% | -6.3% |
| Elementary Administration & Service Occs | 14,200 | 9.6% | 8.4% |
| Corporate Managers And Directors | 13,300 | 9.0% | -8.3% |
There was a 1% 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 Greenwich is Health. Other major industries include Retail, Education, which represents over 10% of roles in Greenwich.
Financial & Insurance companies make up 1% of the Greenwich economy that's lower than the average for England as a whole (~3%).
4% of the total jobs in Greenwich 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 | 15,000 | 17.7% |
| Education | 12,000 | 14.1% |
| Retail | 10,000 | 11.8% |
| Accommodation & Food Services | 7,000 | 8.2% |
| Business Administration & Support | 6,000 | 7.1% |
The fastest-growing industry in Greenwich is Mining, Quarrying & Utilities, with jobs in the sector increasing 20% between 2019 and 2020 from 1,250 to 1,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Greenwich between 2019 and 2020 was Agriculture, forestry & fishing, which saw an 38% decrease in roles, going from 40 to 25. 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 Greenwich, the number of roles in this sector has fallen by 14% over the past year, below the 1% annual increase seen in England.
Greenwich Demographics
Greenwich Crime
Rental Market of Greenwich
2021 UK Business Count data published by the ONS show there are 25 large businesses in Greenwich, making up 0.2% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 80 medium-sized businesses based in Greenwich, making up 0.8% 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 515 small businesses based in Greenwich, making up 5.0% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Greenwich's unemployment rate is 7.1% that's 2% 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 25.9% of the unemployed population.
Secondary classifications include groups: student, long-term sick, 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