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.
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.
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.
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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.
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.
|Other Managers And Proprietors||4,200||9.3%||68.0%|
|Corporate Managers And Directors||4,100||9.1%||36.7%|
|Caring Personal Service Occupations||3,200||7.1%||0.0%|
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.
|Accommodation & Food Services||9,000||16.2%|
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.
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.
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.
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