South Cambridgeshire's economy ranks among the most prosperous in England.
The Gross Domestic Product (GDP) in South Cambridgeshire was worth an estimated £5.9 billion in 2019, according to figures published by the ONS. South Cambridgeshire's GDP growth between 2018 and 2019 was -1.6% per year. Compare GDP by area.
The Professional, Scientific & Technical Service (e.g. legal, accounting) industry is the largest in South Cambridgeshire based on the number of jobs, accounting for 23.4% of roles in the area.
2019 ONS figures suggest that there are 99,000 jobs in South Cambridgeshire, which has a working-age (aged 16-65) population of 96,841. The 2019 job density in South Cambridgeshire is 1.02, meaning there are 1.02 jobs per member of the South Cambridgeshire working-age population.
South Cambridgeshire had a mean average salary for full-time employees of £46,063 in 2021. South Cambridgeshire's unemployment rate is 4.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in South Cambridgeshire is 96,841 or 60.2% of the total population.
In 2021, 95.7% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 9.1% are self-employed, and 90.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the South Cambridgeshire working-age (aged 16-64) population who have a degree or higher is 57.9%, which is above the 42.8% degree qualification rate for England.
Over 74% of the South Cambridgeshire working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
Main page: South Cambridgeshire Salary
The average salary in South Cambridgeshire as of 2021 is £46,063. Between 2020 and 2021, average salaries grew by £2,431. Compare average salaries by area.
South Cambridgeshire's salary growth rate is 5.57% per year based on changes in average salary between 2020 and 2021, which is 5.57% higher than the average salary growth rate in South Cambridgeshire over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in South Cambridgeshire is Science, Research, Engineering And Technology Profs, accounting for 18% 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 South Cambridgeshire is Other Managers And Proprietors, with roles increasing 185% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Science, Research, Engineering And Technology Profs||13,200||18.2%||25.7%|
|Business, Media And Public Service Professionals||7,000||9.7%||25.0%|
|Corporate Managers And Directors||6,300||8.7%||-40.6%|
|Caring Personal Service Occupations||4,900||6.8%||44.1%|
There was a 3% 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 South Cambridgeshire is Professional, Scientific & Technical Service (e.g. legal, accounting). Other major industries include Manufacturing, which represents over 10% of roles in South Cambridgeshire.
Financial & Insurance companies make up 1% of the South Cambridgeshire economy that's lower than the average for England as a whole (~3%).
9% of the total jobs in South Cambridgeshire are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Professional, Scientific & Technical||21,000||23.4%|
|Information & Communication||8,000||8.9%|
|Business Administration & Support||7,000||7.8%|
The fastest-growing industry in South Cambridgeshire is Wholesale, with jobs in the sector increasing 17% between 2019 and 2020 from 3,000 to 3,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in South Cambridgeshire between 2019 and 2020 was Property, which saw an 28% decrease in roles, going from 1,250 to 900. 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 South Cambridgeshire, 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 40 large businesses in South Cambridgeshire, making up 0.5% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 150 medium-sized businesses based in South Cambridgeshire, making up 1.8% 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 755 small businesses based in South Cambridgeshire, 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.
South Cambridgeshire's unemployment rate is 4.3% that's 1% lower 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 44.4% of the unemployed population.
Secondary classifications include groups: looking after family, retired, 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