The Gross Domestic Product (GDP) in South Ribble was worth an estimated £4.2 billion in 2019, according to figures published by the ONS. South Ribble's GDP growth between 2018 and 2019 was 3.0% per year. Compare GDP by area.
The Construction industry is the largest in South Ribble based on the number of jobs, accounting for 19.2% of roles in the area.
2019 ONS figures suggest that there are 63,000 jobs in South Ribble, which has a working-age (aged 16-65) population of 67,063. The 2019 job density in South Ribble is 0.94, meaning there are 0.94 jobs per member of the South Ribble working-age population.
South Ribble had a mean average salary for full-time employees of £31,039 in 2021. South Ribble's unemployment rate is 4.4% as of 2019. Compare unemployment rate by area.
The 2019 labour force or working-age population in South Ribble is 67,063 or 60.4% of the total population.
In 2021, 95.6% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 7.4% are self-employed, and 92.6% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the South Ribble working-age (aged 16-64) population who have a degree or higher is 38.9%, which is below the 42.8% degree qualification rate for England.
Over 56% of the South Ribble working-age population have at least 2 A-levels (or equivalent), and 10% have no qualifications.
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Main page: South Ribble Salary
The average salary in South Ribble as of 2021 is £31,039. Between 2020 and 2021, average salaries fell by £1,057. Compare average salaries by area.
South Ribble's salary growth rate is -3.29% per year based on changes in average salary between 2020 and 2021, which is 3.29% lower than the average salary growth rate in South Ribble over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in South Ribble is Sales Occupations, accounting for 13% 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 Ribble is Sales Occupations, with roles increasing 220% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||6,200||12.6%||-4.6%|
|Business & Public Service Assoc. Professionals||5,900||12.0%||31.1%|
|Caring Personal Service Occupations||4,200||8.5%||-19.2%|
|Corporate Managers And Directors||3,800||7.7%||2.7%|
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 Ribble is Construction. Other major industries include Manufacturing, Health, which represents over 10% of roles in South Ribble.
Financial & Insurance companies make up 1% of the South Ribble economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in South Ribble are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Business Administration & Support||4,000||7.0%|
The fastest-growing industry in South Ribble is Retail, with jobs in the sector increasing 11% between 2019 and 2020 from 4,500 to 5,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in South Ribble between 2019 and 2020 was Public administration & defence, which saw an 33% decrease in roles, going from 2,250 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 Ribble, 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 20 large businesses in South Ribble, 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 70 medium-sized businesses based in South Ribble, 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 425 small businesses based in South Ribble, making up 10.6% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
South Ribble's unemployment rate is 4.4% 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 43.9% of the unemployed population.
Secondary classifications include groups: long-term sick, 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