Area type
Unitary Authority
Population
319,566
GDP
£12 billion
Average salary
£34,816
Labour force
225,745
Job Density
0.95
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Nottingham's economy ranks among the most prosperous in England.
The Gross Domestic Product (GDP) in Nottingham was worth an estimated £12 billion in 2020, according to figures published by the ONS. Nottingham's GDP growth between 2019 and 2020 was -0.9% per year. Compare GDP by area.
The Health industry is the largest in Nottingham based on the number of jobs, accounting for 15.8% of roles in the area.
2020 ONS figures suggest that there are 223,000 jobs in Nottingham, which has a working-age (aged 16-65) population of 225,745. The 2020 job density in Nottingham is 0.99, meaning there are 0.99 jobs per member of the Nottingham working-age population.
Nottingham had a mean average salary for full-time employees of £34,816 in 2022. Nottingham's unemployment rate is 3.9% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Nottingham is 225,745 or 70.6% of the total population.
In 2022, 96.1% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 13.4% are self-employed, and 86.6% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Nottingham 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 58% of the Nottingham working-age population have at least 2 A-levels (or equivalent), and 11% have no qualifications.
Qualifications classifications
Main page: Nottingham Salary
The average salary in Nottingham as of 2022 is £34,816. Between 2021 and 2022, average salaries grew by £627. Compare average salaries by area.
Nottingham's salary growth rate is 1.83% per year based on changes in average salary between 2021 and 2022, which is 1.83% higher than the average salary growth rate in Nottingham over the past 9 years.
Business data published by the ONS in 2021 show the most common job group in Nottingham is Elementary Administration & Service Occs, 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 Nottingham is Leisure, Travel And Related Personal Service Occs, with roles increasing 83% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
|---|---|---|---|
| Elementary Administration & Service Occs | 18,200 | 11.2% | 9.6% |
| Caring Personal Service Occupations | 16,600 | 10.2% | -11.7% |
| Administrative Occupations | 15,500 | 9.6% | -1.9% |
| Science, Research, Engineering And Technology Profs | 14,700 | 9.1% | 5.8% |
| Health Professionals | 11,200 | 6.9% | 60.0% |
There was a 3% increase in roles between 2020 and 2021. In England as a whole, there was a 3% decrease.
Based on the total number of jobs, the largest industry in Nottingham is Health. Other major industries include Retail, Business Administration & Support Services, Education, which represents over 10% of roles in Nottingham.
Financial & Insurance companies make up 2% of the Nottingham economy that's lower than the average for England as a whole (~3%).
5% of the total jobs in Nottingham 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 |
|---|---|---|
| Health | 32,000 | 15.8% |
| Education | 23,000 | 11.3% |
| Retail | 22,000 | 10.8% |
| Business Administration & Support Services | 21,000 | 10.3% |
| Professional, Scientific & Technical | 16,000 | 7.9% |
The fastest-growing industry in Nottingham is Business Administration & Support Services, with jobs in the sector increasing 24% between 2020 and 2021 from 17,000 to 21,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Nottingham between 2020 and 2021 was Agriculture, forestry & fishing, which saw an 87% decrease in roles, going from 75 to 10. 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 Nottingham, the number of roles in this sector has fallen by 9% over the past year, below the 1% annual increase seen in England.
Nottingham Demographics
Nottingham Crime
Rental Market of Nottingham
2022 UK Business Count data published by the ONS show there are 85 large businesses in Nottingham, making up 0.9% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 225 medium-sized businesses based in Nottingham, making up 2.3% 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 1,035 small businesses based in Nottingham, making up 10.7% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Nottingham's unemployment rate is 3.9% that's 1% 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 35.6% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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 2022. Data sources: ONS Local statistics