The Gross Domestic Product (GDP) in Harrow was worth an estimated £6.1 billion in 2020, according to figures published by the ONS. Harrow's GDP growth between 2019 and 2020 was -5.4% per year. Compare GDP by area.
The Professional, Scientific & Technical Service (e.g. legal, accounting) industry is the largest in Harrow based on the number of jobs, accounting for 13.4% of roles in the area.
2020 ONS figures suggest that there are 89,000 jobs in Harrow, which has a working-age (aged 16-65) population of 172,465. The 2020 job density in Harrow is 0.52, meaning there are 0.52 jobs per member of the Harrow working-age population.
Harrow had a mean average salary for full-time employees of £37,972 in 2022. Harrow's unemployment rate is 7.5% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Harrow is 172,465 or 66.1% of the total population.
In 2022, 92.5% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 12.9% are self-employed, and 87.1% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Harrow working-age (aged 16-64) population who have a degree or higher is 57.8%, which is above the 42.8% degree qualification rate for England.
Over 72% of the Harrow working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
Main page: Harrow Salary
The average salary in Harrow as of 2022 is £37,972. Between 2021 and 2022, average salaries grew by £978. Compare average salaries by area.
Harrow's salary growth rate is 2.64% per year based on changes in average salary between 2021 and 2022, which is 2.64% higher than the average salary growth rate in Harrow over the past 9 years.
Business data published by the ONS in 2021 show the most common job group in Harrow is Business, Media And Public Service Professionals, accounting for 17% 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 Harrow is Elementary Administration & Service Occs, with roles increasing 233% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business, Media And Public Service Professionals||19,600||16.7%||51.9%|
|Science, Research, Engineering And Technology Profs||16,900||14.4%||69.0%|
|Corporate Managers And Directors||8,300||7.1%||-23.1%|
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 Harrow is Professional, Scientific & Technical Service (e.g. legal, accounting). Other major industries include Retail, Education, Health, which represents over 10% of roles in Harrow.
Financial & Insurance companies make up 2% of the Harrow economy that's lower than the average for England as a whole (~3%).
5% of the total jobs in Harrow 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||10,000||13.4%|
The fastest-growing industry in Harrow is Agriculture, Forestry & Fishing, with jobs in the sector increasing 233% between 2020 and 2021 from 15 to 50. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Harrow between 2020 and 2021 was Transport & storage, which saw an 25% decrease in roles, going from 3,000 to 2,250. 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 Harrow, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.
Rental Market of Harrow
2022 UK Business Count data published by the ONS show there are 20 large businesses in Harrow, making up 0.1% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 120 medium-sized businesses based in Harrow, 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 795 small businesses based in Harrow, making up 5.2% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Harrow's unemployment rate is 7.5% 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 Student, representing 35.6% of the unemployed population.
Secondary classifications include groups: looking after family, 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 2022. Data sources: ONS Local statistics