The Gross Domestic Product (GDP) in North Warwickshire was worth an estimated £3.4 billion in 2019, according to figures published by the ONS. North Warwickshire's GDP growth between 2018 and 2019 was 3.6% per year. Compare GDP by area.
The Transport & storage industry is the largest in North Warwickshire based on the number of jobs, accounting for 15.1% of roles in the area.
2019 ONS figures suggest that there are 53,000 jobs in North Warwickshire, which has a working-age (aged 16-65) population of 39,738. The 2019 job density in North Warwickshire is 1.33, meaning there are 1.33 jobs per member of the North Warwickshire working-age population.
North Warwickshire had a mean average salary for full-time employees of £34,454 in 2019. North Warwickshire's unemployment rate is 5.1% as of 2014. Compare unemployment rate by area.
The 2019 labour force or working-age population in North Warwickshire is 39,738 or 60.7% of the total population.
In 2021, 94.9% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 10.8% are self-employed, and 89.2% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the North Warwickshire working-age (aged 16-64) population who have a degree or higher is 25.8%, which is below the 42.8% degree qualification rate for England.
Over 53% of the North Warwickshire working-age population have at least 2 A-levels (or equivalent), and 8% have no qualifications.
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Main page: North Warwickshire Salary
The average salary in North Warwickshire as of 2019 is £34,454. Between 2018 and 2019, average salaries grew by £582. Compare average salaries by area.
North Warwickshire's salary growth rate is 1.72% per year based on changes in average salary between 2018 and 2019, which is 1.72% higher than the average salary growth rate in North Warwickshire over the past 7 years.
Business data published by the ONS in 2020 show the most common job group in North Warwickshire is Elementary Administration & Service Occs, accounting for 14% 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 Warwickshire is Teaching And Educational Professionals, with roles increasing 144% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||3,600||14.2%||44.0%|
|Caring Personal Service Occupations||2,800||11.0%||40.0%|
|Process, Plant And Machines Operatives||2,300||9.1%|
|Teaching And Educational Professionals||2,200||8.7%||144.4%|
There was a 6% 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 Warwickshire is Transport & storage. Other major industries include Manufacturing, Retail, which represents over 10% of roles in North Warwickshire.
Financial & Insurance companies make up 1% of the North Warwickshire economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in North Warwickshire are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Transport & Storage||7,000||15.1%|
|Professional, Scientific & Technical||4,000||8.6%|
|Business Administration & Support||4,000||8.6%|
The fastest-growing industry in North Warwickshire is Public Administration & Defence, with jobs in the sector increasing 25% between 2019 and 2020 from 400 to 500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in North Warwickshire between 2019 and 2020 was Accommodation & food services, which saw an 25% decrease in roles, going from 4,000 to 3,000. 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 Warwickshire, 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 20 large businesses in North Warwickshire, making up 0.7% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 55 medium-sized businesses based in North Warwickshire, making up 2.0% 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 280 small businesses based in North Warwickshire, making up 9.9% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
North Warwickshire's unemployment rate is 5.1% 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 28.5% of the unemployed population.
Secondary classifications include groups: 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