Area type
Unitary Authority
Population
337,098
GDP
£12 billion
Average salary
£34,189
Labour force
235,356
Job Density
0.96
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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 2019, according to figures published by the ONS. Nottingham's GDP growth between 2018 and 2019 was 4.2% per year. Compare GDP by area.
The Health industry is the largest in Nottingham based on the number of jobs, accounting for 16.2% of roles in the area.
2019 ONS figures suggest that there are 223,000 jobs in Nottingham, which has a working-age (aged 16-65) population of 235,356. The 2019 job density in Nottingham is 0.95, meaning there are 0.95 jobs per member of the Nottingham working-age population.
Nottingham had a mean average salary for full-time employees of £34,189 in 2021. Nottingham's unemployment rate is 8.2% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Nottingham is 235,356 or 69.8% of the total population.
In 2021, 91.8% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 7.7% are self-employed, and 92.3% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Nottingham working-age (aged 16-64) population who have a degree or higher is 41.1%, which is below the 42.8% degree qualification rate for England.
Over 61% of the Nottingham working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
Qualifications classifications
Main page: Nottingham Salary
The average salary in Nottingham as of 2021 is £34,189. Between 2020 and 2021, average salaries grew by £689. Compare average salaries by area.
Nottingham's salary growth rate is 2.06% per year based on changes in average salary between 2020 and 2021, which is 2.06% higher than the average salary growth rate in Nottingham over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Nottingham 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 Nottingham is Culture, Media And Sports Occupations, with roles increasing 181% 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 | 18,800 | 11.2% | 12.6% |
| Elementary Administration & Service Occs | 16,600 | 9.9% | -16.6% |
| Administrative Occupations | 15,800 | 9.4% | 54.9% |
| Science, Research, Engineering And Technology Profs | 13,900 | 8.3% | 39.0% |
| Business & Public Service Assoc. Professionals | 10,800 | 6.5% | 14.9% |
There was a 1% 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 Nottingham is Health. Other major industries include Retail, Education, which represents over 10% of roles in Nottingham.
Financial & Insurance companies make up 3% of the Nottingham economy that's lower than the average for England as a whole (~3%).
6% of the total jobs in Nottingham 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 | 32,000 | 16.2% |
| Education | 23,000 | 11.6% |
| Retail | 22,000 | 11.1% |
| Professional, Scientific & Technical | 17,000 | 8.6% |
| Business Administration & Support | 17,000 | 8.6% |
The fastest-growing industry in Nottingham is Professional, Scientific & Technical, with jobs in the sector increasing 13% between 2019 and 2020 from 15,000 to 17,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Nottingham between 2019 and 2020 was Wholesale, which saw an 25% decrease in roles, going from 8,000 to 6,000. 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 Nottingham, the number of roles in this sector has risen by 10% over the past year, above the 1% annual increase seen in England.
Nottingham Demographics
Nottingham Crime
Rental Market of Nottingham
2021 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 215 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 1,025 small businesses based in Nottingham, making up 10.9% 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 8.2% that's 3% 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 37.2% 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