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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.
Qualifications classifications
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.
Occupation | Number | Percentage | CHANGE |
---|---|---|---|
Administrative Occupations | 9,500 | 10.2% | -14.4% |
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.
Industry | Number | Percentage |
---|---|---|
Health | 14,000 | 17.2% |
Business Administration & Support | 13,000 | 16.0% |
Manufacturing | 7,000 | 8.6% |
Retail | 7,000 | 8.6% |
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.
North Tyneside Demographics
North Tyneside Crime
Rental Market of North Tyneside
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