The Gross Domestic Product (GDP) in Hounslow was worth an estimated £19 billion in 2019, according to figures published by the ONS. Hounslow's GDP growth between 2018 and 2019 was 5.5% per year. Compare GDP by area.
The Transport & storage industry is the largest in Hounslow based on the number of jobs, accounting for 26.2% of roles in the area.
2019 ONS figures suggest that there are 185,000 jobs in Hounslow, which has a working-age (aged 16-65) population of 177,783. The 2019 job density in Hounslow is 1.04, meaning there are 1.04 jobs per member of the Hounslow working-age population.
Hounslow had a mean average salary for full-time employees of £47,546 in 2021. Hounslow's unemployment rate is 6.1% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Hounslow is 177,783 or 65.4% of the total population.
In 2021, 93.9% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 9.9% are self-employed, and 90.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Hounslow working-age (aged 16-64) population who have a degree or higher is 52.2%, which is above the 42.8% degree qualification rate for England.
Over 64% of the Hounslow working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
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Main page: Hounslow Salary
The average salary in Hounslow as of 2021 is £47,546. Between 2020 and 2021, average salaries fell by £3,474. Compare average salaries by area.
Hounslow's salary growth rate is -6.81% per year based on changes in average salary between 2020 and 2021, which is 6.81% lower than the average salary growth rate in Hounslow over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Hounslow is Science, Research, Engineering And Technology Profs, accounting for 11% 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 Hounslow is Sales Occupations, with roles increasing 149% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Science, Research, Engineering And Technology Profs||13,700||10.8%||5.4%|
|Corporate Managers And Directors||13,400||10.6%||-6.9%|
|Teaching And Educational Professionals||10,000||7.9%||-16.7%|
|Business & Public Service Assoc. Professionals||9,400||7.4%||-13.8%|
There was a 5% 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 Hounslow is Transport & storage. Other major industries include Information & Communication, which represents over 10% of roles in Hounslow.
Financial & Insurance companies make up 1% of the Hounslow economy that's lower than the average for England as a whole (~3%).
12% of the total jobs in Hounslow are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Transport & Storage||41,000||26.2%|
|Information & Communication||19,000||12.1%|
|Business Administration & Support||12,000||7.7%|
The fastest-growing industry in Hounslow is Mining, Quarrying & Utilities, with jobs in the sector increasing 25% between 2019 and 2020 from 1,000 to 1,250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Hounslow between 2019 and 2020 was Agriculture, forestry & fishing, which saw an 40% decrease in roles, going from 25 to 15. 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 Hounslow, the number of roles in this sector has fallen by 10% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 70 large businesses in Hounslow, making up 0.5% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 210 medium-sized businesses based in Hounslow, 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 840 small businesses based in Hounslow, making up 6.2% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Hounslow's unemployment rate is 6.1% that's 1% 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 33.3% 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 2021. Data sources: ONS Local statistics