The Gross Domestic Product (GDP) in Nottinghamshire was worth an estimated £19 billion in 2019, according to figures published by the ONS. Nottinghamshire's GDP growth between 2018 and 2019 was 3.7% per year. Compare GDP by area.
The Health industry is the largest in Nottinghamshire based on the number of jobs, accounting for 14.3% of roles in the area.
2019 ONS figures suggest that there are 352,000 jobs in Nottinghamshire, which has a working-age (aged 16-65) population of 507,365. The 2019 job density in Nottinghamshire is 0.69, meaning there are 0.69 jobs per member of the Nottinghamshire working-age population.
Nottinghamshire had a mean average salary for full-time employees of £31,848 in 2021. Nottinghamshire's unemployment rate is 5.6% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Nottinghamshire is 507,365 or 60.9% of the total population.
In 2021, 94.4% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 11.1% are self-employed, and 88.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Nottinghamshire working-age (aged 16-64) population who have a degree or higher is 35.4%, which is below the 42.8% degree qualification rate for England.
Over 57% of the Nottinghamshire working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
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Main page: Nottinghamshire Salary
The average salary in Nottinghamshire as of 2021 is £31,848. Between 2020 and 2021, average salaries fell by £368. Compare average salaries by area.
Nottinghamshire's salary growth rate is -1.14% per year based on changes in average salary between 2020 and 2021, which is 1.14% lower than the average salary growth rate in Nottinghamshire over the past 9 years.
In Nottinghamshire, the highest average wages are found in Rushcliffe where the average salary is £35,602 and the lowest average wages are found in Mansfield where the average salary is £28,180. The difference in average salary between the two areas is £7,422 - the average person in Rushcliffe earns 26.3% more than the average person in Mansfield.
Business data published by the ONS in 2020 show the most common job group in Nottinghamshire is Corporate Managers And Directors, accounting for 8% 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 Nottinghamshire is Customer Service Occupations, with roles increasing 46% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||30,700||8.3%||-8.1%|
|Elementary Administration & Service Occs||29,700||8.0%||-10.8%|
|Caring Personal Service Occupations||26,900||7.2%||-14.6%|
|Business & Public Service Assoc. Professionals||26,600||7.1%||22.0%|
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 Nottinghamshire is Health. Other major industries include Manufacturing, which represents over 10% of roles in Nottinghamshire.
Financial & Insurance companies make up 1% of the Nottinghamshire economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Nottinghamshire are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
The fastest-growing industry in Nottinghamshire is Information & Communication, with jobs in the sector increasing 43% between 2019 and 2020 from 7,000 to 10,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Nottinghamshire between 2019 and 2020 was Financial & insurance, which saw an 29% decrease in roles, going from 3,500 to 2,500. 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 Nottinghamshire, the number of roles in this sector has risen by 43% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 100 large businesses in Nottinghamshire, making up 0.4% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 410 medium-sized businesses based in Nottinghamshire, making up 1.5% 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 2,295 small businesses based in Nottinghamshire, making up 8.5% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Nottinghamshire's unemployment rate is 5.6% 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 29.9% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, retired, 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