The Gross Domestic Product (GDP) in Isle of Anglesey was worth an estimated £1.2 billion in 2020, according to figures published by the ONS. Isle of Anglesey's GDP growth between 2019 and 2020 was -8.4% per year. Compare GDP by area.
The Retail industry is the largest in Isle of Anglesey based on the number of jobs, accounting for 13.0% of roles in the area.
2020 ONS figures suggest that there are 27,000 jobs in Isle of Anglesey, which has a working-age (aged 16-65) population of 39,691. The 2020 job density in Isle of Anglesey is 0.68, meaning there are 0.68 jobs per member of the Isle of Anglesey working-age population.
Isle of Anglesey had a mean average salary for full-time employees of £33,326 in 2022. Isle of Anglesey's unemployment rate is 4.2% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Isle of Anglesey is 39,691 or 57.6% of the total population.
In 2022, 95.8% of the labour market was recorded as employed, above the 95.6% average rate for Wales. Of those employed, 15.7% are self-employed, and 84.3% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Isle of Anglesey working-age (aged 16-64) population who have a degree or higher is 37.8%, which is below the 38.5% degree qualification rate for Wales.
Over 58% of the Isle of Anglesey working-age population have at least 2 A-levels (or equivalent), and 10% have no qualifications.
Main page: Isle of Anglesey Salary
The average salary in Isle of Anglesey as of 2022 is £33,326. Between 2021 and 2022, average salaries grew by £3,025. Compare average salaries by area.
Isle of Anglesey's salary growth rate is 9.98% per year based on changes in average salary between 2021 and 2022, which is 9.98% higher than the average salary growth rate in Isle of Anglesey over the past 9 years.
Business data published by the ONS in 2021 show the most common job group in Isle of Anglesey is Elementary Administration & Service Occs, accounting for 11% of all roles in the area. In Wales as a whole, the largest job group is Administrative Occupations.
The fastest-growing type of job in Isle of Anglesey is Health & Social Care Assoc. Professionals, with roles increasing 260% between July 2021 and July 2022. In Wales, the fastest-growing type of role is Business, Media And Public Service Professionals.
|Elementary Administration & Service Occs||3,200||11.2%||14.3%|
|Caring Personal Service Occupations||2,700||9.4%||3.8%|
|Health & Social Care Assoc. Professionals||1,800||6.3%||260.0%|
|Business & Public Service Assoc. Professionals||1,700||5.9%||-19.0%|
There was a 2% increase in roles between 2020 and 2021. In Wales as a whole, there was no increase or decrease.
Based on the total number of jobs, the largest industry in Isle of Anglesey is Retail. Other major industries include Accommodation & Food Services, Health, which represents over 10% of roles in Isle of Anglesey.
Financial & Insurance companies make up 0% of the Isle of Anglesey economy that's lower than the average for Wales as a whole (~2%).
2% of the total jobs in Isle of Anglesey are in Information and Communication, one of the key sectors for the future, below the 2% of jobs in Wales as a whole.
|Accommodation & Food Services||3,000||13.0%|
The fastest-growing industry in Isle of Anglesey is Information & Communication, with jobs in the sector increasing 60% between 2020 and 2021 from 250 to 400. In Wales more broadly the fastest-growing industry is Property.
The industry with the biggest decline in Isle of Anglesey between 2020 and 2021 was Construction, which saw an 25% decrease in roles, going from 2,000 to 1,500. In Wales more broadly the industry with the biggest year on year decline was Wholesale, with roles decreasing by 34%.
The Information and communication industry includes many of the top companies of the future. In Isle of Anglesey, the number of roles in this sector has risen by 60% over the past year, above the 4% annual decrease seen in Wales.
Isle of Anglesey Demographics
Isle of Anglesey Crime
Rental Market of Isle of Anglesey
2022 UK Business Count data published by the ONS show there are 5 large businesses in Isle of Anglesey, making up 0.2% of total businesses - in Wales, 0.3% of businesses are large. A large business is defined as having over 250 employees.
There are 20 medium-sized businesses based in Isle of Anglesey, making up 0.8% of total businesses - in Wales, 1.4% of businesses are medium-sized. A medium-sized business is defined as having between 50 and 249 employees.
There are 230 small businesses based in Isle of Anglesey, making up 8.7% of total businesses - in Wales, 8.7% of businesses are small. A small business is defined as having between 10 and 49 employees.
Isle of Anglesey's unemployment rate is 4.2% that's 0% lower than the average unemployment rate for Wales 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 25.1% 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 Wales as a whole, students are the main group within the unemployed population, accounting for 27.6% 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