The Gross Domestic Product (GDP) in Hampshire was worth an estimated £49 billion in 2019, according to figures published by the ONS. Hampshire's GDP growth between 2018 and 2019 was 4.0% per year. Compare GDP by area.
The Health industry is the largest in Hampshire based on the number of jobs, accounting for 11.1% of roles in the area.
2019 ONS figures suggest that there are 725,000 jobs in Hampshire, which has a working-age (aged 16-65) population of 829,664. The 2019 job density in Hampshire is 0.87, meaning there are 0.87 jobs per member of the Hampshire working-age population.
Hampshire had a mean average salary for full-time employees of £38,099 in 2021. Hampshire's unemployment rate is 3.4% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Hampshire is 829,664 or 59.7% of the total population.
In 2021, 96.6% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 12.1% are self-employed, and 87.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Hampshire working-age (aged 16-64) population who have a degree or higher is 43.9%, which is above the 42.8% degree qualification rate for England.
Over 65% of the Hampshire working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
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Main page: Hampshire Salary
The average salary in Hampshire as of 2021 is £38,099. Between 2020 and 2021, average salaries fell by £197. Compare average salaries by area.
Hampshire's salary growth rate is -0.51% per year based on changes in average salary between 2020 and 2021, which is 0.51% lower than the average salary growth rate in Hampshire over the past 9 years.
In Hampshire, the highest average wages are found in Hart where the average salary is £47,526 and the lowest average wages are found in East Hampshire where the average salary is £30,907. The difference in average salary between the two areas is £16,619 - the average person in Hart earns 53.8% more than the average person in East Hampshire.
Business data published by the ONS in 2020 show the most common job group in Hampshire is Corporate Managers And Directors, 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 Hampshire is Elementary Trades And Related Occupations, with roles increasing 165% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||59,500||8.9%||-12.0%|
|Business & Public Service Assoc. Professionals||58,800||8.8%||-12.5%|
|Elementary Administration & Service Occs||51,300||7.7%||4.1%|
|Caring Personal Service Occupations||48,500||7.3%||-10.8%|
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 Hampshire is Health.
Financial & Insurance companies make up 3% of the Hampshire economy that's higher than the average for England as a whole (~3%).
6% of the total jobs in Hampshire are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Professional, Scientific & Technical||57,000||9.3%|
The fastest-growing industry in Hampshire is Property, with jobs in the sector increasing 22% between 2019 and 2020 from 9,000 to 11,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Hampshire between 2019 and 2020 was Business administration & support, which saw an 15% decrease in roles, going from 47,000 to 40,000. 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 Hampshire, the number of roles in this sector has risen by 3% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 220 large businesses in Hampshire, 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 920 medium-sized businesses based in Hampshire, making up 1.5% 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 5,595 small businesses based in Hampshire, making up 9.0% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Hampshire's unemployment rate is 3.4% that's 2% 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 Student, representing 30.4% 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