Liverpool's economy ranks among the most prosperous in England.
The Gross Domestic Product (GDP) in Liverpool was worth an estimated £15 billion in 2019, according to figures published by the ONS. Liverpool's GDP growth between 2018 and 2019 was 5.1% per year. Compare GDP by area.
The Health industry is the largest in Liverpool based on the number of jobs, accounting for 18.2% of roles in the area.
2019 ONS figures suggest that there are 299,000 jobs in Liverpool, which has a working-age (aged 16-65) population of 339,133. The 2019 job density in Liverpool is 0.88, meaning there are 0.88 jobs per member of the Liverpool working-age population.
Liverpool had a mean average salary for full-time employees of £34,413 in 2021. Liverpool's unemployment rate is 6.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Liverpool is 339,133 or 67.8% of the total population.
In 2021, 93.7% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 7.6% are self-employed, and 92.4% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Liverpool working-age (aged 16-64) population who have a degree or higher is 42.8%, which is above the 42.8% degree qualification rate for England.
Over 57% of the Liverpool working-age population have at least 2 A-levels (or equivalent), and 12% have no qualifications.
Main page: Liverpool Salary
The average salary in Liverpool as of 2021 is £34,413. Between 2020 and 2021, average salaries fell by £1,373. Compare average salaries by area.
Liverpool's salary growth rate is -3.84% per year based on changes in average salary between 2020 and 2021, which is 3.84% lower than the average salary growth rate in Liverpool over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Liverpool is Elementary Administration & Service Occs, accounting for 9% 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 Liverpool is Science, Engineering And Technology Associate Profs, with roles increasing 138% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||23,200||9.3%||-7.2%|
|Business & Public Service Assoc. Professionals||20,900||8.4%||39.3%|
|Science, Research, Engineering And Technology Profs||19,500||7.8%||36.4%|
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 Liverpool is Health. Other major industries include Education, which represents over 10% of roles in Liverpool.
Financial & Insurance companies make up 3% of the Liverpool economy that's higher than the average for England as a whole (~3%).
3% of the total jobs in Liverpool 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||22,000||8.5%|
|Professional, Scientific & Technical||20,000||7.8%|
The fastest-growing industry in Liverpool is Agriculture, Forestry & Fishing, with jobs in the sector increasing 25% between 2019 and 2020 from 100 to 125. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Liverpool between 2019 and 2020 was Transport & storage, which saw an 14% decrease in roles, going from 14,000 to 12,000. 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 Liverpool, the number of roles in this sector has fallen by 13% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 75 large businesses in Liverpool, 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 270 medium-sized businesses based in Liverpool, 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 1,365 small businesses based in Liverpool, making up 9.3% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Liverpool's unemployment rate is 6.3% 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 Long-term Sick, representing 29.4% 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