The Gross Domestic Product (GDP) in Merseyside was worth an estimated £34 billion in 2019, according to figures published by the ONS. Merseyside's GDP growth between 2018 and 2019 was 3.8% per year. Compare GDP by area.
The Health industry is the largest in Merseyside based on the number of jobs, accounting for 19.1% of roles in the area.
2019 ONS figures suggest that there are 670,000 jobs in Merseyside, which has a working-age (aged 16-65) population of 899,755. The 2019 job density in Merseyside is 0.74, meaning there are 0.74 jobs per member of the Merseyside working-age population.
Merseyside had a mean average salary for full-time employees of £34,156 in 2021. Merseyside's unemployment rate is 4.8% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Merseyside is 899,755 or 62.7% of the total population.
In 2021, 95.2% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 9.1% are self-employed, and 90.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Merseyside working-age (aged 16-64) population who have a degree or higher is 38.4%, which is below the 42.8% degree qualification rate for England.
Over 57% of the Merseyside working-age population have at least 2 A-levels (or equivalent), and 10% have no qualifications.
Main page: Merseyside Salary
The average salary in Merseyside as of 2021 is £34,156. Between 2020 and 2021, average salaries grew by £39. Compare average salaries by area.
Merseyside's salary growth rate is 0.11% per year based on changes in average salary between 2020 and 2021, which is 0.11% higher than the average salary growth rate in Merseyside over the past 9 years.
In Merseyside, the highest average wages are found in St. Helens where the average salary is £38,420 and the lowest average wages are found in Wirral where the average salary is £31,486. The difference in average salary between the two areas is £6,934 - the average person in St. Helens earns 22.0% more than the average person in Wirral.
Business data published by the ONS in 2020 show the most common job group in Merseyside is Administrative Occupations, 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 Merseyside is Science, Engineering And Technology Associate Profs, with roles increasing 62% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||60,200||9.1%||-7.7%|
|Business & Public Service Assoc. Professionals||53,400||8.1%||16.6%|
|Caring Personal Service Occupations||51,500||7.8%||0.6%|
|Science, Research, Engineering And Technology Profs||42,600||6.5%||31.9%|
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 Merseyside is Health. Other major industries include Retail, which represents over 10% of roles in Merseyside.
Financial & Insurance companies make up 3% of the Merseyside economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Merseyside 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||44,000||7.5%|
|Professional, Scientific & Technical||44,000||7.5%|
The fastest-growing industry in Merseyside is Property, with jobs in the sector increasing 20% between 2019 and 2020 from 10,000 to 12,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Merseyside between 2019 and 2020 was Mining, quarrying & utilities, which saw an 20% decrease in roles, going from 5,000 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 Merseyside, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 160 large businesses in Merseyside, making up 0.4% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 695 medium-sized businesses based in Merseyside, making up 1.7% 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 3,690 small businesses based in Merseyside, making up 9.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Merseyside's unemployment rate is 4.8% that's 0% lower 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 30.5% of the unemployed population.
Secondary classifications include groups: student, 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