The Gross Domestic Product (GDP) in Maldon was worth an estimated £1.4 billion in 2019, according to figures published by the ONS. Maldon's GDP growth between 2018 and 2019 was 3.2% per year. Compare GDP by area.
The Construction industry is the largest in Maldon based on the number of jobs, accounting for 11.7% of roles in the area.
2019 ONS figures suggest that there are 26,000 jobs in Maldon, which has a working-age (aged 16-65) population of 38,034. The 2019 job density in Maldon is 0.68, meaning there are 0.68 jobs per member of the Maldon working-age population.
Maldon had a mean average salary for full-time employees of £31,514 in 2021. Maldon's unemployment rate is 7.1% as of 2018. Compare unemployment rate by area.
The 2019 labour force or working-age population in Maldon is 38,034 or 58.2% of the total population.
In 2021, 92.9% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 19.3% are self-employed, and 80.7% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Maldon working-age (aged 16-64) population who have a degree or higher is 27.1%, which is below the 42.8% degree qualification rate for England.
Over 49% of the Maldon working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
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Main page: Maldon Salary
The average salary in Maldon as of 2021 is £31,514. Between 2020 and 2021, average salaries fell by £1,295. Compare average salaries by area.
Maldon's salary growth rate is -3.95% per year based on changes in average salary between 2020 and 2021, which is 3.95% lower than the average salary growth rate in Maldon over the past 8 years.
Business data published by the ONS in 2020 show the most common job group in Maldon is Corporate Managers And Directors, accounting for 22% 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 Maldon is Science, Research, Engineering And Technology Profs, with roles increasing between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||4,000||22.2%||-2.4%|
|Transport & Mobile Machine Drivers/operatives||2,700||15.0%|
|Teaching And Educational Professionals||2,300||12.8%|
|Skilled Metal, Electrical And Electronic Trades||2,100||11.7%|
There was a 0% 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 Maldon is Construction. Other major industries include Manufacturing, Retail, Accommodation & Food Services, which represents over 10% of roles in Maldon.
Financial & Insurance companies make up 2% of the Maldon economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Maldon 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||2,250||10.5%|
|Professional, Scientific & Technical||1,500||7.0%|
The fastest-growing industry in Maldon is Transport & Storage, with jobs in the sector increasing 56% between 2019 and 2020 from 800 to 1,250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Maldon between 2019 and 2020 was Property, which saw an 33% decrease in roles, going from 450 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 Maldon, the number of roles in this sector has risen by 17% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 5 large businesses in Maldon, 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 45 medium-sized businesses based in Maldon, making up 1.3% 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 275 small businesses based in Maldon, making up 8.0% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Maldon's unemployment rate is 7.1% that's 2% 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 42.0% of the unemployed population.
Secondary classifications include groups: looking after family, retired, 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