The Gross Domestic Product (GDP) in South Tyneside was worth an estimated £2.4 billion in 2019, according to figures published by the ONS. South Tyneside's GDP growth between 2018 and 2019 was 2.7% per year. Compare GDP by area.
The Health industry is the largest in South Tyneside based on the number of jobs, accounting for 16.7% of roles in the area.
2019 ONS figures suggest that there are 48,000 jobs in South Tyneside, which has a working-age (aged 16-65) population of 93,238. The 2019 job density in South Tyneside is 0.51, meaning there are 0.51 jobs per member of the South Tyneside working-age population.
South Tyneside had a mean average salary for full-time employees of £28,497 in 2021. South Tyneside's unemployment rate is 7.7% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in South Tyneside is 93,238 or 61.7% of the total population.
In 2021, 92.3% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 11.0% are self-employed, and 89.0% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the South Tyneside working-age (aged 16-64) population who have a degree or higher is 28.9%, which is below the 42.8% degree qualification rate for England.
Over 52% of the South Tyneside working-age population have at least 2 A-levels (or equivalent), and 9% have no qualifications.
Main page: South Tyneside Salary
The average salary in South Tyneside as of 2021 is £28,497. Between 2020 and 2021, average salaries fell by £3,257. Compare average salaries by area.
South Tyneside's salary growth rate is -10.26% per year based on changes in average salary between 2020 and 2021, which is 10.26% lower than the average salary growth rate in South Tyneside over the past 8 years.
Business data published by the ONS in 2020 show the most common job group in South Tyneside is Caring Personal Service Occupations, 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 Tyneside is Science, Engineering And Technology Associate Profs, with roles increasing 78% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Caring Personal Service Occupations||7,300||11.8%||37.7%|
|Elementary Administration & Service Occs||6,200||10.0%||-4.6%|
|Process, Plant And Machines Operatives||4,800||7.8%||37.1%|
|Business & Public Service Assoc. Professionals||4,700||7.6%||-7.8%|
There was a 1% 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 Tyneside is Health. Other major industries include Manufacturing, which represents over 10% of roles in South Tyneside.
Financial & Insurance companies make up 1% of the South Tyneside economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in South Tyneside 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||3,500||8.3%|
The fastest-growing industry in South Tyneside is Mining, Quarrying & Utilities, with jobs in the sector increasing 33% between 2019 and 2020 from 300 to 400. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in South Tyneside between 2019 and 2020 was Agriculture, forestry & fishing, which saw an 20% decrease in roles, going from 125 to 100. 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 Tyneside, the number of roles in this sector has fallen by 13% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 15 large businesses in South Tyneside, making up 0.4% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 55 medium-sized businesses based in South Tyneside, 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 300 small businesses based in South Tyneside, making up 8.8% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
South Tyneside's unemployment rate is 7.7% that's 3% higher 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 29.6% of the unemployed population.
Secondary classifications include groups: student, looking after family, 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