The Gross Domestic Product (GDP) in North Tyneside was worth an estimated £5.3 billion in 2019, according to figures published by the ONS. North Tyneside's GDP growth between 2018 and 2019 was 4.0% per year. Compare GDP by area.
The Health industry is the largest in North Tyneside based on the number of jobs, accounting for 17.2% of roles in the area.
2019 ONS figures suggest that there are 94,000 jobs in North Tyneside, which has a working-age (aged 16-65) population of 128,563. The 2019 job density in North Tyneside is 0.73, meaning there are 0.73 jobs per member of the North Tyneside working-age population.
North Tyneside had a mean average salary for full-time employees of £32,568 in 2021. North Tyneside's unemployment rate is 7.4% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in North Tyneside is 128,563 or 61.6% of the total population.
In 2021, 92.6% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 8.9% are self-employed, and 91.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the North Tyneside working-age (aged 16-64) population who have a degree or higher is 41.9%, which is below the 42.8% degree qualification rate for England.
Over 61% of the North Tyneside working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
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Main page: North Tyneside Salary
The average salary in North Tyneside as of 2021 is £32,568. Between 2020 and 2021, average salaries fell by £457. Compare average salaries by area.
North Tyneside's salary growth rate is -1.38% per year based on changes in average salary between 2020 and 2021, which is 1.38% lower than the average salary growth rate in North Tyneside over the past 8 years.
Business data published by the ONS in 2020 show the most common job group in North Tyneside is Administrative Occupations, 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 North Tyneside is Teaching And Educational Professionals, with roles increasing 59% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Teaching And Educational Professionals||8,100||8.7%||58.8%|
|Business & Public Service Assoc. Professionals||8,100||8.7%||30.6%|
|Elementary Administration & Service Occs||6,900||7.4%||-29.6%|
|Caring Personal Service Occupations||6,600||7.1%||-15.4%|
There was a 2% 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 North Tyneside is Health. Other major industries include Business Administration & Support, which represents over 10% of roles in North Tyneside.
Financial & Insurance companies make up 3% of the North Tyneside economy that's higher than the average for England as a whole (~3%).
6% of the total jobs in North Tyneside are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Business Administration & Support||13,000||16.0%|
|Accommodation & Food Services||7,000||8.6%|
The fastest-growing industry in North Tyneside is Business Administration & Support, with jobs in the sector increasing 44% between 2019 and 2020 from 9,000 to 13,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in North Tyneside between 2019 and 2020 was Information & communication, which saw an 38% decrease in roles, going from 8,000 to 5,000. 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 North Tyneside, the number of roles in this sector has fallen by 38% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 25 large businesses in North Tyneside, making up 0.5% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 90 medium-sized businesses based in North Tyneside, 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 500 small businesses based in North Tyneside, making up 9.4% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
North Tyneside's unemployment rate is 7.4% that's 2% 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 Student, representing 27.5% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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