The Gross Domestic Product (GDP) in Ribble Valley was worth an estimated £1.9 billion in 2019, according to figures published by the ONS. Ribble Valley's GDP growth between 2018 and 2019 was -2.7% per year. Compare GDP by area.
The Manufacturing industry is the largest in Ribble Valley based on the number of jobs, accounting for 26.7% of roles in the area.
2019 ONS figures suggest that there are 36,000 jobs in Ribble Valley, which has a working-age (aged 16-65) population of 36,895. The 2019 job density in Ribble Valley is 0.98, meaning there are 0.98 jobs per member of the Ribble Valley working-age population.
Ribble Valley had a mean average salary for full-time employees of £42,064 in 2021. Ribble Valley's unemployment rate is 8.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Ribble Valley is 36,895 or 59.5% of the total population.
In 2021, 91.7% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 0.0% are self-employed, and 100.0% are employees.
Ribble Valley's working-age population ranks among the most educated in England.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Ribble Valley working-age (aged 16-64) population who have a degree or higher is 60.2%, which is above the 42.8% degree qualification rate for England.
Over 77% of the Ribble Valley working-age population have at least 2 A-levels (or equivalent), and 2% have no qualifications.
Main page: Ribble Valley Salary
The average salary in Ribble Valley as of 2021 is £42,064. Between 2020 and 2021, average salaries fell by £923. Compare average salaries by area.
Ribble Valley's salary growth rate is -2.15% per year based on changes in average salary between 2020 and 2021, which is 2.15% lower than the average salary growth rate in Ribble Valley over the past 7 years.
Business data published by the ONS in 2020 show the most common job group in Ribble Valley is Corporate Managers And Directors, accounting for 22% 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 Ribble Valley is Corporate Managers And Directors, with roles increasing 83% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||4,400||22.1%||83.3%|
|Science, Research, Engineering And Technology Profs||2,800||14.1%||-26.3%|
|Business, Media And Public Service Professionals||2,500||12.6%||-24.2%|
|Skilled Metal, Electrical And Electronic Trades||2,200||11.1%|
There was a 5% 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 Ribble Valley is Manufacturing. Other major industries include Accommodation & Food Services, Health, which represents over 10% of roles in Ribble Valley.
Financial & Insurance companies make up 1% of the Ribble Valley economy that's lower than the average for England as a whole (~3%).
1% of the total jobs in Ribble Valley are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Accommodation & Food Services||3,000||10.0%|
The fastest-growing industry in Ribble Valley is Information & Communication, with jobs in the sector increasing 33% between 2019 and 2020 from 300 to 400. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Ribble Valley between 2019 and 2020 was Construction, which saw an 29% decrease in roles, going from 1,750 to 1,250. 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 Ribble Valley, the number of roles in this sector has risen by 33% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 5 large businesses in Ribble Valley, making up 0.1% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 35 medium-sized businesses based in Ribble Valley, 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 280 small businesses based in Ribble Valley, making up 8.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Ribble Valley's unemployment rate is 8.3% 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 Retired, representing 39.3% 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