The Gross Domestic Product (GDP) in Norwich was worth an estimated £4.6 billion in 2019, according to figures published by the ONS. Norwich's GDP growth between 2018 and 2019 was 4.6% per year. Compare GDP by area.
The Retail industry is the largest in Norwich based on the number of jobs, accounting for 12.3% of roles in the area.
2019 ONS figures suggest that there are 106,000 jobs in Norwich, which has a working-age (aged 16-65) population of 97,089. The 2019 job density in Norwich is 1.09, meaning there are 1.09 jobs per member of the Norwich working-age population.
Norwich had a mean average salary for full-time employees of £34,650 in 2021. Norwich's unemployment rate is 5.5% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Norwich is 97,089 or 68.3% of the total population.
In 2021, 94.5% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 7.6% are self-employed, and 92.4% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Norwich working-age (aged 16-64) population who have a degree or higher is 40.9%, which is below the 42.8% degree qualification rate for England.
Over 64% of the Norwich working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Main page: Norwich Salary
The average salary in Norwich as of 2021 is £34,650. Between 2020 and 2021, average salaries grew by £1,478. Compare average salaries by area.
Norwich's salary growth rate is 4.46% per year based on changes in average salary between 2020 and 2021, which is 4.46% higher than the average salary growth rate in Norwich over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Norwich is Science, Research, Engineering And Technology Profs, 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 Norwich is Caring Personal Service Occupations, with roles increasing 164% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Science, Research, Engineering And Technology Profs||7,800||11.1%||62.5%|
|Elementary Administration & Service Occs||7,700||10.9%||-32.5%|
|Caring Personal Service Occupations||7,400||10.5%||164.3%|
|Teaching And Educational Professionals||5,300||7.5%||47.2%|
|Business & Public Service Assoc. Professionals||5,300||7.5%||6.0%|
There was a 0% 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 Norwich is Retail. Other major industries include Education, Health, which represents over 10% of roles in Norwich.
Financial & Insurance companies make up 4% of the Norwich economy that's higher than the average for England as a whole (~3%).
4% of the total jobs in Norwich 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||8,000||9.0%|
|Accommodation & Food Services||7,000||7.8%|
The fastest-growing industry in Norwich is Mining, Quarrying & Utilities, with jobs in the sector increasing 29% between 2019 and 2020 from 350 to 450. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Norwich between 2019 and 2020 was Motor trades, which saw an 25% decrease in roles, going from 3,000 to 2,250. 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 Norwich, the number of roles in this sector has risen by 17% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 35 large businesses in Norwich, 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 130 medium-sized businesses based in Norwich, making up 2.7% 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 590 small businesses based in Norwich, making up 12.4% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Norwich's unemployment rate is 5.5% that's 0% 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 31.6% of the unemployed population.
Secondary classifications include groups: looking after family, 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