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Economy of South Lakeland

Area selected: South Lakeland
  • England and Wales
  • England
  • North West
  • Cumbria
  • South Lakeland
Pie Chart
GDP per capita
£29,083

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People
Unemployment rate
4.0%

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Business
Major Industry
Accommodation

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GDP per capita
Unemployment rate
GDP growth per capita
Area type
Non-metropolitan District
Population
104,905
GDP
£3.1 billion
Average salary
£29,643
Labour force
59,419
Job Density
1.16

Economy of South Lakeland

The Gross Domestic Product (GDP) in South Lakeland was worth an estimated £3.1 billion in 2019, according to figures published by the ONS. South Lakeland's GDP growth between 2018 and 2019 was 4.2% per year. Compare GDP by area.

The Accommodation & food services industry is the largest in South Lakeland based on the number of jobs, accounting for 16.2% of roles in the area.

2019 ONS figures suggest that there are 69,000 jobs in South Lakeland, which has a working-age (aged 16-65) population of 59,419. The 2019 job density in South Lakeland is 1.16, meaning there are 1.16 jobs per member of the South Lakeland working-age population.

South Lakeland had a mean average salary for full-time employees of £29,643 in 2021. South Lakeland's unemployment rate is 4.0% as of 2021. Compare unemployment rate by area.

Compared to England's figures

  • The GDP value of South Lakeland represents 0.2% of the English economy. South Lakeland is the 98th non-metropolitan district in England (of 181 total) when ordered by GDP, and the 80th non-metropolitan district in England (of 181 total) when ordered by GDP per capita.
  • The 69,000 jobs in South Lakeland represents 0.2% of the 30,900,000 reported jobs in England. South Lakeland is the 98th non-metropolitan district in England (of 181 total) when ordered by total jobs, and the 13th non-metropolitan district in England (of 181 total) when ordered by job density.
  • South Lakeland's unemployment rate of 4.0% is 1.2% lower than the unemployment rate for England (5.2%).

Labour Market

The 2019 labour force or working-age population in South Lakeland is 59,419 or 56.6% of the total population.

In 2021, 96.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 23.4% are self-employed, and 76.6% are employees.

Qualifications

The Annual Population Survey for 2020 published by the ONS reports the percentage of the South Lakeland working-age (aged 16-64) population who have a degree or higher is 50.1%, which is above the 42.8% degree qualification rate for England.

Over 70% of the South Lakeland working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.

Qualifications classifications

  • NVQ 4: Degree or equivalent.
  • NVQ 3: 2 or more A levels or equivalent
  • NVQ 2: 5 or more GCSEs at grades A-C or equivalent
  • NVQ 1: fewer than 5 GCSEs at grades A-C or equivalent
  • NVQ Other: includes foreign qualifications and some professional qualifications.

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Salaries in South Lakeland

Main page: South Lakeland Salary

The average salary in South Lakeland as of 2021 is £29,643. Between 2020 and 2021, average salaries grew by £1,513. Compare average salaries by area.

South Lakeland's salary growth rate is 5.38% per year based on changes in average salary between 2020 and 2021, which is 5.38% higher than the average salary growth rate in South Lakeland over the past 9 years.

Salary Percentiles
Average Salary
Salary Growth

Jobs in South Lakeland

Business data published by the ONS in 2020 show the most common job group in South Lakeland is Administrative Occupations, accounting for 9% 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 Lakeland is Skilled Metal, Electrical And Electronic Trades, with roles increasing 150% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.

Occupation
Number
Percentage
CHANGE
Administrative Occupations 4,300 9.5% -4.4%
Other Managers And Proprietors 4,200 9.3% 68.0%
Corporate Managers And Directors 4,100 9.1% 36.7%
Sales Occupations 3,600 7.9% 50.0%
Caring Personal Service Occupations 3,200 7.1% 0.0%
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Industries in South Lakeland

There was a 0% 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 Lakeland is Accommodation & food services. Other major industries include Manufacturing, Retail, Health, which represents over 10% of roles in South Lakeland.

Financial & Insurance companies make up 1% of the South Lakeland economy that's lower than the average for England as a whole (~3%).

2% of the total jobs in South Lakeland 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
Accommodation & Food Services 9,000 16.2%
Retail 8,000 14.4%
Manufacturing 6,000 10.8%
Health 6,000 10.8%
Education 4,000 7.2%
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Industry growth in South Lakeland

The fastest-growing industry in South Lakeland is Property, with jobs in the sector increasing 50% between 2019 and 2020 from 1,000 to 1,500. In England more broadly the fastest-growing industry is Healthcare.

The industry with the biggest decline in South Lakeland between 2019 and 2020 was Wholesale, which saw an 25% decrease in roles, going from 2,000 to 1,500. 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 Lakeland, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.

Person
Average age
51

South Lakeland Demographics Arrow Forward

Stats Chart
Crime rate (per 1,000 people)
42

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Home
Average rent
£717

Rental Market of South Lakeland Arrow Forward

Number of Businesses in South Lakeland

2021 UK Business Count data published by the ONS show there are 10 large businesses in South Lakeland, 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 100 medium-sized businesses based in South Lakeland, making up 1.6% 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 645 small businesses based in South Lakeland, making up 10.2% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.

Reasons for unemployment in South Lakeland

South Lakeland's unemployment rate is 4.0% 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 Retired, representing 40.2% of the unemployed population.

Secondary classifications include groups: student, long-term sick, 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.

  • Student 30.7%
  • Long-term Sick 14.9%
  • Retired 40.2%
  • Other 8.4%

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Areas near South Lakeland

District
Allerdale
GDP per capita £21,849
Chevron Forward
District
Barrow-in-Furness
GDP per capita £30,828
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District
Copeland
GDP per capita £25,270
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District
Carlisle
GDP per capita £30,301
Chevron Forward
District
Eden
GDP per capita £31,773
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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

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