Area type
Metropolitan District
Population
294,197
GDP
£7.8 billion
Average salary
£33,504
Labour force
177,878
Job Density
0.89
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The Gross Domestic Product (GDP) in Stockport was worth an estimated £7.8 billion in 2019, according to figures published by the ONS. Stockport's GDP growth between 2018 and 2019 was 0.3% per year. Compare GDP by area.
The Health industry is the largest in Stockport based on the number of jobs, accounting for 13.3% of roles in the area.
2019 ONS figures suggest that there are 158,000 jobs in Stockport, which has a working-age (aged 16-65) population of 177,878. The 2019 job density in Stockport is 0.89, meaning there are 0.89 jobs per member of the Stockport working-age population.
Stockport had a mean average salary for full-time employees of £33,504 in 2021. Stockport's unemployment rate is 6.2% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Stockport is 177,878 or 60.5% of the total population.
In 2021, 93.8% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 10.1% are self-employed, and 89.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Stockport working-age (aged 16-64) population who have a degree or higher is 45.6%, which is above the 42.8% degree qualification rate for England.
Over 61% of the Stockport working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Qualifications classifications
Main page: Stockport Salary
The average salary in Stockport as of 2021 is £33,504. Between 2020 and 2021, average salaries fell by £866. Compare average salaries by area.
Stockport's salary growth rate is -2.52% per year based on changes in average salary between 2020 and 2021, which is 2.52% lower than the average salary growth rate in Stockport over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Stockport is Administrative 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 Stockport is Process, Plant And Machines Operatives, with roles increasing 75% 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 | 16,100 | 12.0% | 10.3% |
| Business & Public Service Assoc. Professionals | 11,400 | 8.5% | -15.6% |
| Caring Personal Service Occupations | 11,100 | 8.3% | 63.2% |
| Science, Research, Engineering And Technology Profs | 10,900 | 8.2% | 10.1% |
| Business, Media And Public Service Professionals | 10,500 | 7.9% | 32.9% |
There was a 4% 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 Stockport is Health.
Financial & Insurance companies make up 3% of the Stockport economy that's higher than the average for England as a whole (~3%).
4% of the total jobs in Stockport 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 |
|---|---|---|
| Health | 18,000 | 13.3% |
| Retail | 13,000 | 9.6% |
| Professional, Scientific & Technical | 13,000 | 9.6% |
| Business Administration & Support | 12,000 | 8.9% |
| Manufacturing | 11,000 | 8.1% |
The fastest-growing industry in Stockport is Education, with jobs in the sector increasing 11% between 2019 and 2020 from 9,000 to 10,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Stockport between 2019 and 2020 was Construction, which saw an 17% decrease in roles, going from 6,000 to 5,000. 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 Stockport, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.
Stockport Demographics
Rental Market of Stockport
2021 UK Business Count data published by the ONS show there are 45 large businesses in Stockport, 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 175 medium-sized businesses based in Stockport, making up 1.4% 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 1,010 small businesses based in Stockport, making up 8.4% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Stockport's unemployment rate is 6.2% that's 1% 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 28.6% of the unemployed population.
Secondary classifications include groups: student, looking after family, retired, 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