The Gross Domestic Product (GDP) in King’s Lynn and West Norfolk was worth an estimated £3.6 billion in 2019, according to figures published by the ONS. King’s Lynn and West Norfolk's GDP growth between 2018 and 2019 was 3.4% per year. Compare GDP by area.
The Health industry is the largest in King’s Lynn and West Norfolk based on the number of jobs, accounting for 14.9% of roles in the area.
2019 ONS figures suggest that there are 66,000 jobs in King’s Lynn and West Norfolk, which has a working-age (aged 16-65) population of 84,753. The 2019 job density in King’s Lynn and West Norfolk is 0.78, meaning there are 0.78 jobs per member of the King’s Lynn and West Norfolk working-age population.
King’s Lynn and West Norfolk had a mean average salary for full-time employees of £32,451 in 2021. King’s Lynn and West Norfolk's unemployment rate is 5.4% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in King’s Lynn and West Norfolk is 84,753 or 56.0% of the total population.
In 2021, 94.6% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 14.3% are self-employed, and 85.7% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the King’s Lynn and West Norfolk working-age (aged 16-64) population who have a degree or higher is 25.8%, which is below the 42.8% degree qualification rate for England.
Over 46% of the King’s Lynn and West Norfolk working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Main page: King’s Lynn and West Norfolk Salary
The average salary in King’s Lynn and West Norfolk as of 2021 is £32,451. Between 2020 and 2021, average salaries fell by £1,425. Compare average salaries by area.
King’s Lynn and West Norfolk's salary growth rate is -4.21% per year based on changes in average salary between 2020 and 2021, which is 4.21% lower than the average salary growth rate in King’s Lynn and West Norfolk over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in King’s Lynn and West Norfolk is Administrative Occupations, 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 King’s Lynn and West Norfolk is Business, Media And Public Service Professionals, with roles increasing 55% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Skilled Metal, Electrical And Electronic Trades||4,900||7.8%||44.1%|
|Caring Personal Service Occupations||4,700||7.5%||2.2%|
|Skilled Construction And Building Trades||4,000||6.4%||0.0%|
|Leisure, Travel And Related Personal Service Occs||3,900||6.2%||44.4%|
There was a 1% increase 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 King’s Lynn and West Norfolk is Health. Other major industries include Retail, which represents over 10% of roles in King’s Lynn and West Norfolk.
Financial & Insurance companies make up 2% of the King’s Lynn and West Norfolk economy that's lower than the average for England as a whole (~3%).
1% of the total jobs in King’s Lynn and West Norfolk are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Accommodation & Food Services||6,000||9.9%|
|Agriculture, Forestry & Fishing||4,500||7.4%|
The fastest-growing industry in King’s Lynn and West Norfolk is Mining, Quarrying & Utilities, with jobs in the sector increasing 33% between 2019 and 2020 from 600 to 800. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in King’s Lynn and West Norfolk between 2019 and 2020 was Public administration & defence, which saw an 30% decrease in roles, going from 2,500 to 1,750. 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 King’s Lynn and West Norfolk, the number of roles in this sector has fallen by 14% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 15 large businesses in King’s Lynn and West Norfolk, 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 75 medium-sized businesses based in King’s Lynn and West Norfolk, making up 1.4% 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 545 small businesses based in King’s Lynn and West Norfolk, making up 9.8% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
King’s Lynn and West Norfolk's unemployment rate is 5.4% that's 0% 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 Long-term Sick, representing 35.4% of the unemployed population.
Secondary classifications include groups: student, 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.
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