The Gross Domestic Product (GDP) in North Kesteven was worth an estimated £2.8 billion in 2019, according to figures published by the ONS. North Kesteven's GDP growth between 2018 and 2019 was 4.3% per year. Compare GDP by area.
The Manufacturing industry is the largest in North Kesteven based on the number of jobs, accounting for 14.1% of roles in the area.
2019 ONS figures suggest that there are 53,000 jobs in North Kesteven, which has a working-age (aged 16-65) population of 69,739. The 2019 job density in North Kesteven is 0.76, meaning there are 0.76 jobs per member of the North Kesteven working-age population.
North Kesteven had a mean average salary for full-time employees of £30,942 in 2021. North Kesteven's unemployment rate is 4.7% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in North Kesteven is 69,739 or 59.0% of the total population.
In 2021, 95.3% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 15.1% are self-employed, and 84.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the North Kesteven working-age (aged 16-64) population who have a degree or higher is 36.7%, which is below the 42.8% degree qualification rate for England.
Over 53% of the North Kesteven working-age population have at least 2 A-levels (or equivalent), and 8% have no qualifications.
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Main page: North Kesteven Salary
The average salary in North Kesteven as of 2021 is £30,942. Between 2020 and 2021, average salaries fell by £2,328. Compare average salaries by area.
North Kesteven's salary growth rate is -7.00% per year based on changes in average salary between 2020 and 2021, which is 7.00% lower than the average salary growth rate in North Kesteven over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in North Kesteven is Business & Public Service Assoc. Professionals, accounting for 11% 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 North Kesteven is Business & Public Service Assoc. Professionals, with roles increasing 119% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||5,700||10.7%||119.2%|
|Teaching And Educational Professionals||5,300||9.9%||10.4%|
|Elementary Administration & Service Occs||4,700||8.8%||-27.7%|
|Transport & Mobile Machine Drivers/operatives||4,100||7.7%||24.2%|
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 North Kesteven is Manufacturing. Other major industries include Health, which represents over 10% of roles in North Kesteven.
Financial & Insurance companies make up 1% of the North Kesteven economy that's lower than the average for England as a whole (~3%).
4% of the total jobs in North Kesteven 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||7.1%|
The fastest-growing industry in North Kesteven is Manufacturing, with jobs in the sector increasing 20% between 2019 and 2020 from 5,000 to 6,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in North Kesteven between 2019 and 2020 was Wholesale, which saw an 17% decrease in roles, going from 3,000 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 North Kesteven, the number of roles in this sector has risen by 20% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 5 large businesses in North Kesteven, making up 0.1% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 75 medium-sized businesses based in North Kesteven, making up 1.8% 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 335 small businesses based in North Kesteven, 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.
North Kesteven's unemployment rate is 4.7% 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 26.7% of the unemployed population.
Secondary classifications include groups: student, looking after family, 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