Area type
Non-metropolitan District
Population
104,809
GDP
£4.3 billion
Average salary
£38,210
Labour force
64,708
Job Density
1.09
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The Gross Domestic Product (GDP) in North West Leicestershire was worth an estimated £4.3 billion in 2019, according to figures published by the ONS. North West Leicestershire's GDP growth between 2018 and 2019 was 3.7% per year. Compare GDP by area.
The Transport & storage industry is the largest in North West Leicestershire based on the number of jobs, accounting for 23.2% of roles in the area.
2019 ONS figures suggest that there are 69,000 jobs in North West Leicestershire, which has a working-age (aged 16-65) population of 64,708. The 2019 job density in North West Leicestershire is 1.07, meaning there are 1.07 jobs per member of the North West Leicestershire working-age population.
North West Leicestershire had a mean average salary for full-time employees of £38,210 in 2021. North West Leicestershire's unemployment rate is 2.7% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in North West Leicestershire is 64,708 or 61.7% of the total population.
In 2021, 97.3% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 7.5% are self-employed, and 92.5% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the North West Leicestershire working-age (aged 16-64) population who have a degree or higher is 40.5%, which is below the 42.8% degree qualification rate for England.
Over 66% of the North West Leicestershire working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
Qualifications classifications
Main page: North West Leicestershire Salary
The average salary in North West Leicestershire as of 2021 is £38,210. Between 2020 and 2021, average salaries grew by £4,736. Compare average salaries by area.
North West Leicestershire's salary growth rate is 14.15% per year based on changes in average salary between 2020 and 2021, which is 14.15% higher than the average salary growth rate in North West Leicestershire over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in North West Leicestershire is Caring Personal Service Occupations, 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 West Leicestershire is Elementary Administration & Service Occs, with roles increasing 95% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
|---|---|---|---|
| Caring Personal Service Occupations | 5,000 | 11.4% | 25.0% |
| Corporate Managers And Directors | 4,400 | 10.0% | -42.9% |
| Business & Public Service Assoc. Professionals | 4,400 | 10.0% | -20.0% |
| Science, Research, Engineering And Technology Profs | 3,800 | 8.7% | 65.2% |
| Administrative Occupations | 3,700 | 8.4% | 15.6% |
There was a 11% 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 West Leicestershire is Transport & storage. Other major industries include Manufacturing, Professional, Scientific & Technical, which represents over 10% of roles in North West Leicestershire.
Financial & Insurance companies make up 1% of the North West Leicestershire economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in North West Leicestershire are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
Industry | Number | Percentage |
|---|---|---|
| Transport & Storage | 16,000 | 23.2% |
| Manufacturing | 8,000 | 11.6% |
| Professional, Scientific & Technical | 7,000 | 10.1% |
| Business Administration & Support | 6,000 | 8.7% |
| Wholesale | 4,000 | 5.8% |
The fastest-growing industry in North West Leicestershire is Transport & Storage, with jobs in the sector increasing 78% between 2019 and 2020 from 9,000 to 16,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in North West Leicestershire between 2019 and 2020 was Arts, entertainment & recreation, which saw an 25% decrease in roles, going from 2,000 to 1,500. 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 West Leicestershire, the number of roles in this sector has risen by 33% over the past year, above the 1% annual increase seen in England.
North West Leicestershire Demographics
North West Leicestershire Crime
Rental Market of North West Leicestershire
2021 UK Business Count data published by the ONS show there are 30 large businesses in North West Leicestershire, 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 120 medium-sized businesses based in North West Leicestershire, making up 2.6% 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 395 small businesses based in North West Leicestershire, making up 8.6% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
North West Leicestershire's unemployment rate is 2.7% that's 2% 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 Looking After Family, representing 32.2% of the unemployed population.
Secondary classifications include groups: student, long-term sick, 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