The Gross Domestic Product (GDP) in Lichfield was worth an estimated £2.7 billion in 2019, according to figures published by the ONS. Lichfield's GDP growth between 2018 and 2019 was 3.4% per year. Compare GDP by area.
The Health industry is the largest in Lichfield based on the number of jobs, accounting for 12.5% of roles in the area.
2019 ONS figures suggest that there are 57,000 jobs in Lichfield, which has a working-age (aged 16-65) population of 62,261. The 2019 job density in Lichfield is 0.92, meaning there are 0.92 jobs per member of the Lichfield working-age population.
Lichfield had a mean average salary for full-time employees of £29,958 in 2021. Lichfield's unemployment rate is 6.4% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Lichfield is 62,261 or 58.9% of the total population.
In 2021, 93.6% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 13.5% are self-employed, and 86.5% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Lichfield working-age (aged 16-64) population who have a degree or higher is 45.4%, which is above the 42.8% degree qualification rate for England.
Over 63% of the Lichfield working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
Main page: Lichfield Salary
The average salary in Lichfield as of 2021 is £29,958. Between 2020 and 2021, average salaries fell by £3,325. Compare average salaries by area.
Lichfield's salary growth rate is -9.99% per year based on changes in average salary between 2020 and 2021, which is 9.99% lower than the average salary growth rate in Lichfield over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Lichfield is Corporate Managers And Directors, accounting for 16% 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 Lichfield is Caring Personal Service Occupations, with roles increasing 200% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||6,300||15.9%||-31.5%|
|Business, Media And Public Service Professionals||5,700||14.4%||78.1%|
|Elementary Administration & Service Occs||5,100||12.8%||59.4%|
|Caring Personal Service Occupations||3,600||9.1%||200.0%|
|Teaching And Educational Professionals||3,200||8.1%||77.8%|
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 Lichfield is Health. Other major industries include Business Administration & Support, which represents over 10% of roles in Lichfield.
Financial & Insurance companies make up 2% of the Lichfield economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Lichfield are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Business Administration & Support||5,000||10.4%|
|Accommodation & Food Services||3,500||7.3%|
The fastest-growing industry in Lichfield is Financial & Insurance, with jobs in the sector increasing 29% between 2019 and 2020 from 700 to 900. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Lichfield between 2019 and 2020 was Retail, which saw an 33% decrease in roles, going from 6,000 to 4,000. 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 Lichfield, the number of roles in this sector has risen by 25% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 25 large businesses in Lichfield, 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 75 medium-sized businesses based in Lichfield, 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 395 small businesses based in Lichfield, making up 8.3% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Lichfield's unemployment rate is 6.4% 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 Retired, representing 31.8% 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