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The Gross Domestic Product (GDP) in Ryedale was worth an estimated £1.6 billion in 2019, according to figures published by the ONS. Ryedale's GDP growth between 2018 and 2019 was 5.5% per year. Compare GDP by area.
The Manufacturing industry is the largest in Ryedale based on the number of jobs, accounting for 20.5% of roles in the area.
2019 ONS figures suggest that there are 30,000 jobs in Ryedale, which has a working-age (aged 16-65) population of 31,735. The 2019 job density in Ryedale is 0.95, meaning there are 0.95 jobs per member of the Ryedale working-age population.
Ryedale had a mean average salary for full-time employees of £29,457 in 2021. Ryedale's unemployment rate is 6.9% as of 2018. Compare unemployment rate by area.
The 2019 labour force or working-age population in Ryedale is 31,735 or 57.0% 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, 21.9% are self-employed, and 78.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Ryedale working-age (aged 16-64) population who have a degree or higher is 49.4%, which is above the 42.8% degree qualification rate for England.
Over 60% of the Ryedale working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
Qualifications classifications
Main page: Ryedale Salary
The average salary in Ryedale as of 2021 is £29,457. Between 2020 and 2021, average salaries grew by £1,466. Compare average salaries by area.
Ryedale's salary growth rate is 5.24% per year based on changes in average salary between 2020 and 2021, which is 5.24% higher than the average salary growth rate in Ryedale over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Ryedale is Science, Research, Engineering And Technology Profs, accounting for 26% 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 Ryedale is Science, Research, Engineering And Technology Profs, with roles increasing 82% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
---|---|---|---|
Science, Research, Engineering And Technology Profs | 3,100 | 25.8% | 82.4% |
Teaching And Educational Professionals | 2,900 | 24.2% | 61.1% |
Caring Personal Service Occupations | 1,600 | 13.3% | -15.8% |
Transport & Mobile Machine Drivers/operatives | 1,400 | 11.7% | 0.0% |
Elementary Administration & Service Occs | 1,100 | 9.2% | 10.0% |
There was a 1% increase 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 Ryedale is Manufacturing. Other major industries include Agriculture, Forestry & Fishing, which represents over 10% of roles in Ryedale.
Financial & Insurance companies make up 1% of the Ryedale economy that's lower than the average for England as a whole (~3%).
1% of the total jobs in Ryedale 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 |
---|---|---|
Manufacturing | 6,000 | 20.5% |
Agriculture, Forestry & Fishing | 3,500 | 11.9% |
Accommodation & Food Services | 2,500 | 8.5% |
Retail | 2,000 | 6.8% |
Professional, Scientific & Technical | 2,000 | 6.8% |
The fastest-growing industry in Ryedale is Wholesale, with jobs in the sector increasing 56% between 2019 and 2020 from 800 to 1,250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Ryedale between 2019 and 2020 was Property, which saw an 30% decrease in roles, going from 1,000 to 700. 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 Ryedale, the number of roles in this sector has fallen by 20% over the past year, below the 1% annual increase seen in England.
Ryedale Demographics
Rental Market of Ryedale
2021 UK Business Count data published by the ONS show there are 10 large businesses in Ryedale, making up 0.3% 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 Ryedale, 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 330 small businesses based in Ryedale, 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.
Ryedale'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 35.0% 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