The Gross Domestic Product (GDP) in Richmondshire was worth an estimated £1.1 billion in 2019, according to figures published by the ONS. Richmondshire's GDP growth between 2018 and 2019 was 3.7% per year. Compare GDP by area.
The Accommodation & food services industry is the largest in Richmondshire based on the number of jobs, accounting for 15.0% of roles in the area.
2019 ONS figures suggest that there are 34,000 jobs in Richmondshire, which has a working-age (aged 16-65) population of 33,338. The 2019 job density in Richmondshire is 1.02, meaning there are 1.02 jobs per member of the Richmondshire working-age population.
Richmondshire had a mean average salary for full-time employees of £35,111 in 2021. Richmondshire's unemployment rate is 6.2% as of 2014. Compare unemployment rate by area.
The 2019 labour force or working-age population in Richmondshire is 33,338 or 62.0% of the total population.
In 2021, 93.8% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 19.5% are self-employed, and 80.5% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Richmondshire working-age (aged 16-64) population who have a degree or higher is 31.1%, which is below the 42.8% degree qualification rate for England.
Over 60% of the Richmondshire working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
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Main page: Richmondshire Salary
The average salary in Richmondshire as of 2021 is £35,111. Between 2020 and 2021, average salaries grew by £5,683. Compare average salaries by area.
Richmondshire's salary growth rate is 19.31% per year based on changes in average salary between 2020 and 2021, which is 19.31% higher than the average salary growth rate in Richmondshire over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Richmondshire is Caring Personal Service Occupations, accounting for 29% 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 Richmondshire is Other Managers And Proprietors, with roles increasing 160% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Caring Personal Service Occupations||3,800||28.6%||31.0%|
|Corporate Managers And Directors||3,300||24.8%|
|Other Managers And Proprietors||2,600||19.5%||160.0%|
|Elementary Administration & Service Occs||2,000||15.0%||5.3%|
|Business & Public Service Assoc. Professionals||1,600||12.0%||-23.8%|
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 Richmondshire is Accommodation & food services. Other major industries include Agriculture, Forestry & Fishing, which represents over 10% of roles in Richmondshire.
Financial & Insurance companies make up 0% of the Richmondshire economy that's lower than the average for England as a whole (~3%).
1% of the total jobs in Richmondshire 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||15.0%|
|Agriculture, Forestry & Fishing||2,500||12.5%|
The fastest-growing industry in Richmondshire is Business Administration & Support, with jobs in the sector increasing 39% between 2019 and 2020 from 900 to 1,250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Richmondshire between 2019 and 2020 was Property, which saw an 52% decrease in roles, going from 1,250 to 600. 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 Richmondshire, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 0 large businesses in Richmondshire, making up 0.0% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 30 medium-sized businesses based in Richmondshire, making up 1.1% 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 245 small businesses based in Richmondshire, making up 9.0% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Richmondshire's unemployment rate is 6.2% 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 47.0% of the unemployed population.
Secondary classifications include one group: retired, 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