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Economy of Hastings

Area selected: Hastings
  • England and Wales
  • England
  • South East
  • East Sussex
  • Hastings
Pie Chart
GDP per capita
£20,196

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People
Unemployment rate
5.0%

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Business
Major Industry
Health

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GDP per capita
Unemployment rate
GDP growth per capita
Area type
Non-metropolitan District
Population
90,959
GDP
£1.8 billion
Average salary
£28,236
Labour force
57,212
Job Density
0.67

Economy of Hastings

The Gross Domestic Product (GDP) in Hastings was worth an estimated £1.8 billion in 2020, according to figures published by the ONS. Hastings's GDP growth between 2019 and 2020 was -3.2% per year. Compare GDP by area.

The Health industry is the largest in Hastings based on the number of jobs, accounting for 26.7% of roles in the area.

2020 ONS figures suggest that there are 37,000 jobs in Hastings, which has a working-age (aged 16-65) population of 57,212. The 2020 job density in Hastings is 0.65, meaning there are 0.65 jobs per member of the Hastings working-age population.

Hastings had a mean average salary for full-time employees of £28,236 in 2022. Hastings's unemployment rate is 5.0% as of 2022. Compare unemployment rate by area.

Compared to England's figures

  • The GDP value of Hastings represents 0.1% of the English economy. Hastings is the 154th non-metropolitan district in England (of 181 total) when ordered by GDP, and the 151st non-metropolitan district in England (of 181 total) when ordered by GDP per capita.
  • The 37,000 jobs in Hastings represents 0.1% of the 30,055,000 reported jobs in England. Hastings is the 154th non-metropolitan district in England (of 181 total) when ordered by total jobs, and the 155th non-metropolitan district in England (of 181 total) when ordered by job density.
  • Hastings's unemployment rate of 5.0% is 1.1% higher than the unemployment rate for England (3.9%).

Labour Market

The 2020 labour force or working-age population in Hastings is 57,212 or 62.9% of the total population.

In 2022, 95.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 19.4% are self-employed, and 80.6% are employees.

Qualifications

The Annual Population Survey for 2021 published by the ONS reports the percentage of the Hastings working-age (aged 16-64) population who have a degree or higher is 31.1%, which is below the 42.8% degree qualification rate for England.

Over 42% of the Hastings working-age population have at least 2 A-levels (or equivalent), and 15% have no qualifications.

Qualifications classifications

  • NVQ 4: Degree or equivalent.
  • NVQ 3: 2 or more A levels or equivalent
  • NVQ 2: 5 or more GCSEs at grades A-C or equivalent
  • NVQ 1: fewer than 5 GCSEs at grades A-C or equivalent
  • NVQ Other: includes foreign qualifications and some professional qualifications.

Salaries in Hastings

Main page: Hastings Salary

The average salary in Hastings as of 2022 is £28,236. Between 2021 and 2022, average salaries grew by £1,054. Compare average salaries by area.

Hastings's salary growth rate is 3.88% per year based on changes in average salary between 2021 and 2022, which is 3.88% higher than the average salary growth rate in Hastings over the past 9 years.

Average Salary
Salary Growth

Jobs in Hastings

Business data published by the ONS in 2021 show the most common job group in Hastings is Caring Personal Service Occupations, accounting for 20% 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 Hastings is Teaching And Educational Professionals, with roles increasing 71% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.

Occupation
Number
Percentage
CHANGE
Caring Personal Service Occupations 7,700 19.6% 26.2%
Teaching And Educational Professionals 5,300 13.5% 71.0%
Sales Occupations 4,900 12.5%
Administrative Occupations 4,500 11.5% -13.5%
Other Managers And Proprietors 3,500 8.9%
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Industries in Hastings

There was a 6% 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 Hastings is Health. Other major industries include Retail, which represents over 10% of roles in Hastings.

Financial & Insurance companies make up 1% of the Hastings economy that's lower than the average for England as a whole (~3%).

1% of the total jobs in Hastings 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 9,000 26.7%
Retail 4,000 11.9%
Accommodation & Food Services 3,000 8.9%
Manufacturing 2,500 7.4%
Public Administration & Defence 2,250 6.7%
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Industry growth in Hastings

The fastest-growing industry in Hastings is Mining, Quarrying & Utilities, with jobs in the sector increasing 43% between 2020 and 2021 from 175 to 250. In England more broadly the fastest-growing industry is Healthcare.

The industry with the biggest decline in Hastings between 2020 and 2021 was Agriculture, forestry & fishing, which saw an 20% decrease in roles, going from 125 to 100. 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 Hastings, the number of roles in this sector has fallen by 17% over the past year, below the 1% annual increase seen in England.

Person
Average age
44

Hastings Demographics Arrow Forward

Stats Chart
Crime rate (per 1,000 people)
10,540

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Home
Average rent
£791

Rental Market of Hastings Arrow Forward

Number of Businesses in Hastings

2022 UK Business Count data published by the ONS show there are 0 large businesses in Hastings, making up 0.0% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.

There are 45 medium-sized businesses based in Hastings, 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 270 small businesses based in Hastings, making up 9.4% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.

Reasons for unemployment in Hastings

Hastings's unemployment rate is 5.0% 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 32.5% of the unemployed population.

Secondary classifications include groups: 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.

  • Looking After Family 30.4%
  • Long-term Sick 32.5%
  • Retired 7.8%
  • Other 26.0%

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Areas near Hastings

District
Rother
GDP per capita £16,926
Chevron Forward
District
Wealden
GDP per capita £18,644
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District
Eastbourne
GDP per capita £21,631
Chevron Forward
District
Lewes
GDP per capita £21,859
Chevron Forward

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

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