The Gross Domestic Product (GDP) in Herefordshire, County of was worth an estimated £4.7 billion in 2019, according to figures published by the ONS. Herefordshire, County of's GDP growth between 2018 and 2019 was 4.6% per year. Compare GDP by area.
The Health industry is the largest in Herefordshire, County of based on the number of jobs, accounting for 13.6% of roles in the area.
2019 ONS figures suggest that there are 107,000 jobs in Herefordshire, County of, which has a working-age (aged 16-65) population of 113,009. The 2019 job density in Herefordshire, County of is 0.95, meaning there are 0.95 jobs per member of the Herefordshire, County of working-age population.
Herefordshire, County of had a mean average salary for full-time employees of £30,370 in 2021. Herefordshire, County of's unemployment rate is 3.0% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Herefordshire, County of is 113,009 or 58.4% of the total population.
In 2021, 97.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 18.9% are self-employed, and 81.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Herefordshire, County of working-age (aged 16-64) population who have a degree or higher is 41.4%, which is below the 42.8% degree qualification rate for England.
Over 63% of the Herefordshire, County of working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
Custom interactive dashboards built for your public or private sector business
Reports customised with your logo and company colour schemes
Get email notifications when new up-to-date data is added to your reports
Save your reports as PDFs or Word Docs
No upfront costs - we have affordable subscription plans
Main page: Herefordshire, County of Salary
The average salary in Herefordshire, County of as of 2021 is £30,370. Between 2020 and 2021, average salaries fell by £847. Compare average salaries by area.
Herefordshire, County of's salary growth rate is -2.71% per year based on changes in average salary between 2020 and 2021, which is 2.71% lower than the average salary growth rate in Herefordshire, County of over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Herefordshire, County of is Corporate Managers And Directors, accounting for 10% 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 Herefordshire, County of is Transport & Mobile Machine Drivers/operatives, with roles increasing 63% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||9,300||10.0%||22.4%|
|Caring Personal Service Occupations||7,000||7.5%||-21.3%|
|Business & Public Service Assoc. Professionals||6,600||7.1%||0.0%|
|Science, Research, Engineering And Technology Profs||6,100||6.5%||27.1%|
There was a 2% 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 Herefordshire, County of is Health. Other major industries include Agriculture, Forestry & Fishing, Manufacturing, Retail, which represents over 10% of roles in Herefordshire, County of.
Financial & Insurance companies make up 1% of the Herefordshire, County of economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Herefordshire, County of are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Agriculture, Forestry & Fishing||11,000||12.5%|
The fastest-growing industry in Herefordshire, County of is Information & Communication, 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 Herefordshire, County of between 2019 and 2020 was Accommodation & food services, which saw an 25% decrease in roles, going from 8,000 to 6,000. 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 Herefordshire, County of, the number of roles in this sector has risen by 20% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 30 large businesses in Herefordshire, County of, making up 0.3% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 135 medium-sized businesses based in Herefordshire, County of, making up 1.3% 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 870 small businesses based in Herefordshire, County of, making up 8.4% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Herefordshire, County of's unemployment rate is 3.0% 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 Retired, representing 27.6% of the unemployed population.
Secondary classifications include groups: student, looking after family, long-term sick, 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