Area type
Metropolitan District
Population
298,264
GDP
£9.9 billion
Average salary
£36,114
Labour force
204,730
Job Density
0.95
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The Gross Domestic Product (GDP) in Newcastle upon Tyne was worth an estimated £9.9 billion in 2020, according to figures published by the ONS. Newcastle upon Tyne's GDP growth between 2019 and 2020 was -5.5% per year. Compare GDP by area.
The Health industry is the largest in Newcastle upon Tyne based on the number of jobs, accounting for 17.4% of roles in the area.
2020 ONS figures suggest that there are 200,000 jobs in Newcastle upon Tyne, which has a working-age (aged 16-65) population of 204,730. The 2020 job density in Newcastle upon Tyne is 0.98, meaning there are 0.98 jobs per member of the Newcastle upon Tyne working-age population.
Newcastle upon Tyne had a mean average salary for full-time employees of £36,114 in 2022. Newcastle upon Tyne's unemployment rate is 5.3% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Newcastle upon Tyne is 204,730 or 68.6% of the total population.
In 2022, 94.7% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 8.8% are self-employed, and 91.2% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Newcastle upon Tyne working-age (aged 16-64) population who have a degree or higher is 44.3%, which is above the 42.8% degree qualification rate for England.
Over 63% of the Newcastle upon Tyne working-age population have at least 2 A-levels (or equivalent), and 10% have no qualifications.
Qualifications classifications
Main page: Newcastle upon Tyne Salary
The average salary in Newcastle upon Tyne as of 2022 is £36,114. Between 2021 and 2022, average salaries grew by £642. Compare average salaries by area.
Newcastle upon Tyne's salary growth rate is 1.81% per year based on changes in average salary between 2021 and 2022, which is 1.81% higher than the average salary growth rate in Newcastle upon Tyne over the past 9 years.
Business data published by the ONS in 2021 show the most common job group in Newcastle upon Tyne 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 Newcastle upon Tyne is Elementary Trades And Related Occupations, with roles increasing 162% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
|---|---|---|---|
| Elementary Administration & Service Occs | 13,300 | 9.4% | -6.3% |
| Health Professionals | 11,300 | 8.0% | 24.2% |
| Business, Media And Public Service Professionals | 11,100 | 7.9% | 35.4% |
| Administrative Occupations | 10,700 | 7.6% | -7.0% |
| Teaching And Educational Professionals | 10,600 | 7.5% | 23.3% |
There was a 6% increase in roles between 2020 and 2021. In England as a whole, there was a 3% decrease.
Based on the total number of jobs, the largest industry in Newcastle upon Tyne is Health. Other major industries include Accommodation & Food Services, Public Administration & Defence, Education, which represents over 10% of roles in Newcastle upon Tyne.
Financial & Insurance companies make up 3% of the Newcastle upon Tyne economy that's higher than the average for England as a whole (~3%).
5% of the total jobs in Newcastle upon Tyne are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
Industry | Number | Percentage |
|---|---|---|
| Health | 34,000 | 17.4% |
| Education | 23,000 | 11.8% |
| Accommodation & Food Services | 20,000 | 10.2% |
| Public Administration & Defence | 20,000 | 10.2% |
| Professional, Scientific & Technical | 18,000 | 9.2% |
The fastest-growing industry in Newcastle upon Tyne is Agriculture, Forestry & Fishing, with jobs in the sector increasing 50% between 2020 and 2021 from 150 to 225. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Newcastle upon Tyne between 2020 and 2021 was Motor trades, which saw an 22% decrease in roles, going from 2,250 to 1,750. 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 Newcastle upon Tyne, the number of roles in this sector has fallen by 10% over the past year, below the 1% annual increase seen in England.
Newcastle upon Tyne Demographics
Newcastle upon Tyne Crime
Rental Market of Newcastle upon Tyne
2022 UK Business Count data published by the ONS show there are 80 large businesses in Newcastle upon Tyne, making up 0.9% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 180 medium-sized businesses based in Newcastle upon Tyne, making up 2.1% 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 1,005 small businesses based in Newcastle upon Tyne, making up 11.6% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Newcastle upon Tyne's unemployment rate is 5.3% that's 0% 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 29.5% 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 2022. Data sources: ONS Local statistics