The Gross Domestic Product (GDP) in Lewisham was worth an estimated £4.8 billion in 2019, according to figures published by the ONS. Lewisham's GDP growth between 2018 and 2019 was 5.2% per year. Compare GDP by area.
The Health industry is the largest in Lewisham based on the number of jobs, accounting for 19.8% of roles in the area.
2019 ONS figures suggest that there are 86,000 jobs in Lewisham, which has a working-age (aged 16-65) population of 213,651. The 2019 job density in Lewisham is 0.40, meaning there are 0.40 jobs per member of the Lewisham working-age population.
Lewisham had a mean average salary for full-time employees of £36,113 in 2021. Lewisham's unemployment rate is 5.6% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Lewisham is 213,651 or 70.0% of the total population.
In 2021, 94.4% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 16.9% are self-employed, and 83.1% are employees.
Lewisham'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 Lewisham working-age (aged 16-64) population who have a degree or higher is 70.4%, which is above the 42.8% degree qualification rate for England.
Over 79% of the Lewisham working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
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Main page: Lewisham Salary
The average salary in Lewisham as of 2021 is £36,113. Between 2020 and 2021, average salaries fell by £3,093. Compare average salaries by area.
Lewisham's salary growth rate is -7.89% per year based on changes in average salary between 2020 and 2021, which is 7.89% lower than the average salary growth rate in Lewisham over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Lewisham is Business, Media And Public Service Professionals, accounting for 15% 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 Lewisham is Business, Media And Public Service Professionals, with roles increasing 52% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business, Media And Public Service Professionals||26,700||15.1%||51.7%|
|Corporate Managers And Directors||16,300||9.2%||-0.6%|
|Culture, Media And Sports Occupations||15,600||8.8%||33.3%|
|Science, Research, Engineering And Technology Profs||15,500||8.8%||-8.3%|
|Business & Public Service Assoc. Professionals||15,100||8.6%||-14.7%|
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 Lewisham is Health. Other major industries include Retail, Education, which represents over 10% of roles in Lewisham.
Financial & Insurance companies make up 1% of the Lewisham economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Lewisham 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||9.1%|
|Business Administration & Support||6,000||9.1%|
The fastest-growing industry in Lewisham is Mining, Quarrying & Utilities, with jobs in the sector increasing 80% between 2019 and 2020 from 125 to 225. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Lewisham between 2019 and 2020 was Motor trades, which saw an 30% decrease in roles, going from 1,000 to 700. 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 Lewisham, the number of roles in this sector has fallen by 22% 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 Lewisham, making up 0.1% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 65 medium-sized businesses based in Lewisham, making up 0.6% 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 485 small businesses based in Lewisham, making up 4.8% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Lewisham's unemployment rate is 5.6% 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 Student, representing 44.7% of the unemployed population.
Secondary classifications include groups: 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