The Gross Domestic Product (GDP) in Outer London was worth an estimated £169 billion in 2019, according to figures published by the ONS. Outer London's GDP growth between 2018 and 2019 was 5.0% per year. Compare GDP by area.
The Health industry is the largest in Outer London based on the number of jobs, accounting for 13.4% of roles in the area.
2019 ONS figures suggest that there are 2,301,000 jobs in Outer London, which has a working-age (aged 16-65) population of 3,436,011. The 2019 job density in Outer London is 0.67, meaning there are 0.67 jobs per member of the Outer London working-age population.
Outer London had a mean average salary for full-time employees of £39,781 in 2021. Outer London's unemployment rate is 6.9% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Outer London is 3,436,011 or 64.3% of the total population.
In 2021, 93.1% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 15.6% are self-employed, and 84.4% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Outer London working-age (aged 16-64) population who have a degree or higher is 53.8%, which is above the 42.8% degree qualification rate for England.
Over 67% of the Outer London working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
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Main page: Outer London Salary
The average salary in Outer London as of 2021 is £39,781. Between 2020 and 2021, average salaries fell by £772. Compare average salaries by area.
Outer London's salary growth rate is -1.90% per year based on changes in average salary between 2020 and 2021, which is 1.90% lower than the average salary growth rate in Outer London over the past 9 years.
In Outer London, the highest average wages are found in Hounslow where the average salary is £47,546 and the lowest average wages are found in Sutton where the average salary is £34,557. The difference in average salary between the two areas is £12,989 - the average person in Hounslow earns 37.6% more than the average person in Sutton.
Business data published by the ONS in 2020 show the most common job group in Outer London is Business & Public Service Assoc. Professionals, accounting for 10% 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 Outer London is Science, Engineering And Technology Associate Profs, with roles increasing 42% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||276,600||10.5%||6.9%|
|Business, Media And Public Service Professionals||240,100||9.1%||-0.5%|
|Corporate Managers And Directors||238,000||9.0%||-1.0%|
|Science, Research, Engineering And Technology Profs||219,600||8.3%||5.1%|
There was a 2% 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 Outer London is Health. Other major industries include Retail, Business Administration & Support, which represents over 10% of roles in Outer London.
Financial & Insurance companies make up 2% of the Outer London economy that's lower than the average for England as a whole (~3%).
4% of the total jobs in Outer London 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||193,000||10.1%|
|Transport & Storage||171,000||8.9%|
The fastest-growing industry in Outer London is Mining, Quarrying & Utilities, with jobs in the sector increasing 23% between 2019 and 2020 from 13,000 to 16,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Outer London between 2019 and 2020 was Motor trades, which saw an 34% decrease in roles, going from 41,000 to 27,000. 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 Outer London, the number of roles in this sector has fallen by 18% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 620 large businesses in Outer London, 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 2,490 medium-sized businesses based in Outer London, making up 1.0% 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 14,065 small businesses based in Outer London, making up 5.5% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Outer London's unemployment rate is 6.9% that's 2% 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 34.4% 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