The Gross Domestic Product (GDP) in Norfolk was worth an estimated £23 billion in 2019, according to figures published by the ONS. Norfolk's GDP growth between 2018 and 2019 was 6.2% per year. Compare GDP by area.
The Health industry is the largest in Norfolk based on the number of jobs, accounting for 15.3% of roles in the area.
2019 ONS figures suggest that there are 437,000 jobs in Norfolk, which has a working-age (aged 16-65) population of 534,464. The 2019 job density in Norfolk is 0.82, meaning there are 0.82 jobs per member of the Norfolk working-age population.
Norfolk had a mean average salary for full-time employees of £33,786 in 2021. Norfolk's unemployment rate is 5.0% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Norfolk is 534,464 or 58.5% of the total population.
In 2021, 95.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 13.5% are self-employed, and 86.5% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Norfolk working-age (aged 16-64) population who have a degree or higher is 35.0%, which is below the 42.8% degree qualification rate for England.
Over 56% of the Norfolk working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
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Main page: Norfolk Salary
The average salary in Norfolk as of 2021 is £33,786. Between 2020 and 2021, average salaries grew by £822. Compare average salaries by area.
Norfolk's salary growth rate is 2.49% per year based on changes in average salary between 2020 and 2021, which is 2.49% higher than the average salary growth rate in Norfolk over the past 9 years.
In Norfolk, the highest average wages are found in Great Yarmouth where the average salary is £36,551 and the lowest average wages are found in Breckland where the average salary is £29,033. The difference in average salary between the two areas is £7,518 - the average person in Great Yarmouth earns 25.9% more than the average person in Breckland.
Business data published by the ONS in 2020 show the most common job group in Norfolk 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 Norfolk is Science, Engineering And Technology Associate Profs, with roles increasing 74% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Caring Personal Service Occupations||38,300||9.1%||22.8%|
|Elementary Administration & Service Occs||30,000||7.1%||-22.1%|
|Business & Public Service Assoc. Professionals||28,200||6.7%||3.7%|
|Corporate Managers And Directors||26,400||6.3%||-15.1%|
There was a 1% 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 Norfolk is Health. Other major industries include Retail, which represents over 10% of roles in Norfolk.
Financial & Insurance companies make up 3% of the Norfolk economy that's higher than the average for England as a whole (~3%).
2% of the total jobs in Norfolk 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||34,000||8.8%|
The fastest-growing industry in Norfolk is Retail, with jobs in the sector increasing 13% between 2019 and 2020 from 38,000 to 43,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Norfolk between 2019 and 2020 was Arts, entertainment & recreation, which saw an 17% decrease in roles, going from 18,000 to 15,000. 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 Norfolk, 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 110 large businesses in Norfolk, making up 0.3% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 545 medium-sized businesses based in Norfolk, 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 3,200 small businesses based in Norfolk, making up 9.7% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Norfolk's unemployment rate is 5.0% 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 Student, representing 27.8% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, retired, 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