The Gross Domestic Product (GDP) in Malvern Hills was worth an estimated £2 billion in 2019, according to figures published by the ONS. Malvern Hills's GDP growth between 2018 and 2019 was 5.5% per year. Compare GDP by area.
The Manufacturing industry is the largest in Malvern Hills based on the number of jobs, accounting for 11.1% of roles in the area.
2019 ONS figures suggest that there are 37,000 jobs in Malvern Hills, which has a working-age (aged 16-65) population of 44,418. The 2019 job density in Malvern Hills is 0.83, meaning there are 0.83 jobs per member of the Malvern Hills working-age population.
Malvern Hills had a mean average salary for full-time employees of £31,308 in 2021. Malvern Hills's unemployment rate is 6.2% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Malvern Hills is 44,418 or 55.9% of the total population.
In 2021, 93.8% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 12.4% are self-employed, and 87.6% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Malvern Hills working-age (aged 16-64) population who have a degree or higher is 52.5%, which is above the 42.8% degree qualification rate for England.
Over 69% of the Malvern Hills working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Main page: Malvern Hills Salary
The average salary in Malvern Hills as of 2021 is £31,308. Between 2020 and 2021, average salaries grew by £3,129. Compare average salaries by area.
Malvern Hills's salary growth rate is 11.10% per year based on changes in average salary between 2020 and 2021, which is 11.10% higher than the average salary growth rate in Malvern Hills over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Malvern Hills is Caring Personal Service Occupations, accounting for 13% 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 Malvern Hills is Elementary Administration & Service Occs, with roles increasing 180% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Caring Personal Service Occupations||4,100||13.4%||51.9%|
|Science, Research, Engineering And Technology Profs||3,300||10.8%||-13.2%|
|Leisure, Travel And Related Personal Service Occs||2,900||9.5%||107.1%|
|Elementary Administration & Service Occs||2,800||9.2%||180.0%|
|Business & Public Service Assoc. Professionals||2,500||8.2%||38.9%|
There was a 3% 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 Malvern Hills is Manufacturing. Other major industries include Education, which represents over 10% of roles in Malvern Hills.
Financial & Insurance companies make up 1% of the Malvern Hills economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Malvern Hills 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||3,000||9.6%|
The fastest-growing industry in Malvern Hills is Business Administration & Support, with jobs in the sector increasing 50% between 2019 and 2020 from 2,000 to 3,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Malvern Hills between 2019 and 2020 was Accommodation & food services, which saw an 44% decrease in roles, going from 4,500 to 2,500. 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 Malvern Hills, the number of roles in this sector has risen by 13% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 10 large businesses in Malvern Hills, making up 0.2% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 55 medium-sized businesses based in Malvern Hills, 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 315 small businesses based in Malvern Hills, making up 7.3% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Malvern Hills's unemployment rate is 6.2% 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 32.8% of the unemployed population.
Secondary classifications include groups: student, 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