The Gross Domestic Product (GDP) in Islington was worth an estimated £21 billion in 2019, according to figures published by the ONS. Islington's GDP growth between 2018 and 2019 was 4.1% per year. Compare GDP by area.
The Professional, Scientific & Technical Service (e.g. legal, accounting) industry is the largest in Islington based on the number of jobs, accounting for 23.5% of roles in the area.
2019 ONS figures suggest that there are 263,000 jobs in Islington, which has a working-age (aged 16-65) population of 187,104. The 2019 job density in Islington is 1.41, meaning there are 1.41 jobs per member of the Islington working-age population.
Islington had a mean average salary for full-time employees of £54,038 in 2021. Islington's unemployment rate is 5.1% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Islington is 187,104 or 75.4% of the total population.
In 2021, 94.9% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 15.2% are self-employed, and 84.8% are employees.
Islington's working-age population ranks among the most educated in England.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Islington working-age (aged 16-64) population who have a degree or higher is 61.0%, which is above the 42.8% degree qualification rate for England.
Over 75% of the Islington working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
Main page: Islington Salary
The average salary in Islington as of 2021 is £54,038. Between 2020 and 2021, average salaries fell by £2,687. Compare average salaries by area.
Islington's salary growth rate is -4.74% per year based on changes in average salary between 2020 and 2021, which is 4.74% lower than the average salary growth rate in Islington over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Islington is Business & Public Service Assoc. Professionals, accounting for 19% 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 Islington is Health Professionals, with roles increasing 81% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||23,900||18.6%||29.2%|
|Business, Media And Public Service Professionals||23,500||18.2%||4.4%|
|Science, Research, Engineering And Technology Profs||16,400||12.7%||10.1%|
|Corporate Managers And Directors||10,500||8.2%||-7.9%|
|Culture, Media And Sports Occupations||8,600||6.7%||-18.9%|
There was a 4% 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 Islington is Professional, Scientific & Technical Service (e.g. legal, accounting). Other major industries include Information & Communication, Business Administration & Support, which represents over 10% of roles in Islington.
Financial & Insurance companies make up 6% of the Islington economy that's higher than the average for England as a whole (~3%).
14% of the total jobs in Islington 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||54,000||23.5%|
|Information & Communication||32,000||13.9%|
|Business Administration & Support||24,000||10.5%|
|Accommodation & Food Services||16,000||7.0%|
The fastest-growing industry in Islington is Agriculture, Forestry & Fishing, with jobs in the sector increasing 67% between 2019 and 2020 from 15 to 25. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Islington between 2019 and 2020 was Motor trades, which saw an 40% decrease in roles, going from 500 to 300. 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 Islington, the number of roles in this sector has fallen by 9% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 110 large businesses in Islington, 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 385 medium-sized businesses based in Islington, making up 1.8% 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 1,850 small businesses based in Islington, making up 8.6% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Islington's unemployment rate is 5.1% 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 Student, representing 55.4% of the unemployed population.
Secondary classifications include groups: 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