The Gross Domestic Product (GDP) in Mid Suffolk was worth an estimated £2.6 billion in 2019, according to figures published by the ONS. Mid Suffolk's GDP growth between 2018 and 2019 was 4.6% per year. Compare GDP by area.
The Manufacturing industry is the largest in Mid Suffolk based on the number of jobs, accounting for 12.7% of roles in the area.
2019 ONS figures suggest that there are 48,000 jobs in Mid Suffolk, which has a working-age (aged 16-65) population of 61,502. The 2019 job density in Mid Suffolk is 0.78, meaning there are 0.78 jobs per member of the Mid Suffolk working-age population.
Mid Suffolk had a mean average salary for full-time employees of £35,453 in 2021. Mid Suffolk's unemployment rate is 2.5% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Mid Suffolk is 61,502 or 58.7% of the total population.
In 2021, 97.5% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 20.8% are self-employed, and 79.2% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Mid Suffolk working-age (aged 16-64) population who have a degree or higher is 28.5%, which is below the 42.8% degree qualification rate for England.
Over 53% of the Mid Suffolk working-age population have at least 2 A-levels (or equivalent), and 8% have no qualifications.
Custom interactive dashboards built for your public or private sector business
Reports customised with your logo and company colour schemes
Get email notifications when new up-to-date data is added to your reports
Save your reports as PDFs or Word Docs
No upfront costs - we have affordable subscription plans
Main page: Mid Suffolk Salary
The average salary in Mid Suffolk as of 2021 is £35,453. Between 2020 and 2021, average salaries fell by £2,397. Compare average salaries by area.
Mid Suffolk's salary growth rate is -6.33% per year based on changes in average salary between 2020 and 2021, which is 6.33% lower than the average salary growth rate in Mid Suffolk over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Mid Suffolk is Business, Media And Public Service Professionals, accounting for 10% 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 Mid Suffolk is Science, Research, Engineering And Technology Profs, with roles increasing 163% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business, Media And Public Service Professionals||4,700||9.7%||42.4%|
|Science, Research, Engineering And Technology Profs||4,200||8.7%||162.5%|
|Elementary Administration & Service Occs||4,200||8.7%||13.5%|
|Business & Public Service Assoc. Professionals||4,000||8.3%||-11.1%|
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 Mid Suffolk is Manufacturing. Other major industries include Construction, Health, which represents over 10% of roles in Mid Suffolk.
Financial & Insurance companies make up 1% of the Mid Suffolk economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Mid Suffolk are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Transport & Storage||3,000||7.6%|
|Agriculture, Forestry & Fishing||2,500||6.4%|
The fastest-growing industry in Mid Suffolk is Public Administration & Defence, with jobs in the sector increasing 67% between 2019 and 2020 from 900 to 1,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Mid Suffolk between 2019 and 2020 was Property, which saw an 30% decrease in roles, going from 500 to 350. 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 Mid Suffolk, 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 10 large businesses in Mid Suffolk, 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 80 medium-sized businesses based in Mid Suffolk, 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 400 small businesses based in Mid Suffolk, making up 8.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Mid Suffolk's unemployment rate is 2.5% that's 3% 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 Retired, representing 29.7% of the unemployed population.
Secondary classifications include groups: student, looking after family, 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