The Gross Domestic Product (GDP) in South Kesteven was worth an estimated £3.3 billion in 2019, according to figures published by the ONS. South Kesteven's GDP growth between 2018 and 2019 was 2.0% per year. Compare GDP by area.
The Health industry is the largest in South Kesteven based on the number of jobs, accounting for 15.7% of roles in the area.
2019 ONS figures suggest that there are 66,000 jobs in South Kesteven, which has a working-age (aged 16-65) population of 83,429. The 2019 job density in South Kesteven is 0.79, meaning there are 0.79 jobs per member of the South Kesteven working-age population.
South Kesteven had a mean average salary for full-time employees of £30,921 in 2021. South Kesteven's unemployment rate is 2.5% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in South Kesteven is 83,429 or 58.3% of the total population.
In 2021, 97.5% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 15.9% are self-employed, and 84.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the South Kesteven working-age (aged 16-64) population who have a degree or higher is 35.6%, which is below the 42.8% degree qualification rate for England.
Over 57% of the South Kesteven working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
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Main page: South Kesteven Salary
The average salary in South Kesteven as of 2021 is £30,921. Between 2020 and 2021, average salaries fell by £2,661. Compare average salaries by area.
South Kesteven's salary growth rate is -7.92% per year based on changes in average salary between 2020 and 2021, which is 7.92% lower than the average salary growth rate in South Kesteven over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in South Kesteven is Business & Public Service Assoc. Professionals, accounting for 12% 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 Kesteven is Process, Plant And Machines Operatives, with roles increasing 76% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||8,100||12.5%||11.0%|
|Corporate Managers And Directors||6,500||10.0%||10.2%|
|Teaching And Educational Professionals||4,800||7.4%||50.0%|
|Caring Personal Service Occupations||4,400||6.8%||-29.0%|
|Process, Plant And Machines Operatives||4,400||6.8%||76.0%|
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 South Kesteven is Health. Other major industries include Manufacturing, Retail, Education, which represents over 10% of roles in South Kesteven.
Financial & Insurance companies make up 1% of the South Kesteven economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in South Kesteven 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||4,000||7.0%|
The fastest-growing industry in South Kesteven is Information & Communication, with jobs in the sector increasing 40% between 2019 and 2020 from 1,250 to 1,750. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in South Kesteven between 2019 and 2020 was Business administration & support, which saw an 38% decrease in roles, going from 4,000 to 2,500. 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 Kesteven, the number of roles in this sector has risen by 40% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 10 large businesses in South Kesteven, 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 90 medium-sized businesses based in South Kesteven, making up 1.5% 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 490 small businesses based in South Kesteven, making up 8.2% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
South Kesteven's unemployment rate is 2.5% that's 3% 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 Long-term Sick, representing 27.3% of the unemployed population.
Secondary classifications include groups: student, looking after family, 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