Area type
Non-metropolitan District
Population
57,313
GDP
£994 million
Average salary
£28,059
Labour force
34,394
Job Density
0.61
View trend
View trend
View breakdown
The Gross Domestic Product (GDP) in Oadby and Wigston was worth an estimated £994 million in 2019, according to figures published by the ONS. Oadby and Wigston's GDP growth between 2018 and 2019 was 3.2% per year. Compare GDP by area.
The Health industry is the largest in Oadby and Wigston based on the number of jobs, accounting for 15.5% of roles in the area.
2019 ONS figures suggest that there are 21,000 jobs in Oadby and Wigston, which has a working-age (aged 16-65) population of 34,394. The 2019 job density in Oadby and Wigston is 0.61, meaning there are 0.61 jobs per member of the Oadby and Wigston working-age population.
Oadby and Wigston had a mean average salary for full-time employees of £28,059 in 2021. Oadby and Wigston's unemployment rate is 6.4% as of 2016. Compare unemployment rate by area.
The 2019 labour force or working-age population in Oadby and Wigston is 34,394 or 60.0% of the total population.
In 2021, 93.6% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 6.6% are self-employed, and 93.4% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Oadby and Wigston working-age (aged 16-64) population who have a degree or higher is 43.3%, which is above the 42.8% degree qualification rate for England.
Over 58% of the Oadby and Wigston working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Qualifications classifications
Main page: Oadby and Wigston Salary
The average salary in Oadby and Wigston as of 2021 is £28,059. Between 2020 and 2021, average salaries fell by £105. Compare average salaries by area.
Oadby and Wigston's salary growth rate is -0.37% per year based on changes in average salary between 2020 and 2021, which is 0.37% lower than the average salary growth rate in Oadby and Wigston over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Oadby and Wigston is Administrative Occupations, accounting for 25% 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 Oadby and Wigston is Administrative Occupations, with roles increasing 17% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
|---|---|---|---|
| Administrative Occupations | 2,800 | 24.8% | 16.7% |
| Corporate Managers And Directors | 2,000 | 17.7% | -41.2% |
| Caring Personal Service Occupations | 2,000 | 17.7% | |
| Science, Engineering And Technology Associate Profs | 1,600 | 14.2% | |
| Elementary Administration & Service Occs | 1,600 | 14.2% | -50.0% |
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 Oadby and Wigston is Health. Other major industries include Manufacturing, Retail, Education, which represents over 10% of roles in Oadby and Wigston.
Financial & Insurance companies make up 2% of the Oadby and Wigston economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Oadby and Wigston 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 | 3,000 | 15.5% |
| Education | 2,500 | 12.9% |
| Manufacturing | 2,250 | 11.6% |
| Retail | 2,250 | 11.6% |
| Wholesale | 1,500 | 7.8% |
The fastest-growing industry in Oadby and Wigston is Mining, Quarrying & Utilities, with jobs in the sector increasing 114% between 2019 and 2020 from 35 to 75. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Oadby and Wigston between 2019 and 2020 was Accommodation & food services, which saw an 33% decrease in roles, going from 1,500 to 1,000. 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 Oadby and Wigston, the number of roles in this sector has risen by 60% over the past year, above the 1% annual increase seen in England.
Oadby and Wigston Demographics
Oadby and Wigston Crime
Rental Market of Oadby and Wigston
2021 UK Business Count data published by the ONS show there are 5 large businesses in Oadby and Wigston, making up 0.2% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 25 medium-sized businesses based in Oadby and Wigston, making up 1.2% 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 180 small businesses based in Oadby and Wigston, making up 8.7% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Oadby and Wigston's unemployment rate is 6.4% that's 1% 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 52.5% of the unemployed population.
Secondary classifications include one group: 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