The Gross Domestic Product (GDP) in Stockton-on-Tees was worth an estimated £5.7 billion in 2019, according to figures published by the ONS. Stockton-on-Tees's GDP growth between 2018 and 2019 was 4.8% per year. Compare GDP by area.
The Health industry is the largest in Stockton-on-Tees based on the number of jobs, accounting for 14.0% of roles in the area.
2019 ONS figures suggest that there are 95,000 jobs in Stockton-on-Tees, which has a working-age (aged 16-65) population of 121,061. The 2019 job density in Stockton-on-Tees is 0.78, meaning there are 0.78 jobs per member of the Stockton-on-Tees working-age population.
Stockton-on-Tees had a mean average salary for full-time employees of £33,083 in 2021. Stockton-on-Tees's unemployment rate is 5.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Stockton-on-Tees is 121,061 or 61.3% of the total population.
In 2021, 94.7% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 9.5% are self-employed, and 90.5% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Stockton-on-Tees working-age (aged 16-64) population who have a degree or higher is 37.7%, which is below the 42.8% degree qualification rate for England.
Over 64% of the Stockton-on-Tees working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
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Main page: Stockton-on-Tees Salary
The average salary in Stockton-on-Tees as of 2021 is £33,083. Between 2020 and 2021, average salaries fell by £1,847. Compare average salaries by area.
Stockton-on-Tees's salary growth rate is -5.29% per year based on changes in average salary between 2020 and 2021, which is 5.29% lower than the average salary growth rate in Stockton-on-Tees over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Stockton-on-Tees is Elementary Administration & Service Occs, 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 Stockton-on-Tees is Elementary Trades And Related Occupations, with roles increasing 257% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||8,100||8.9%||-5.8%|
|Caring Personal Service Occupations||6,500||7.1%||-15.6%|
|Corporate Managers And Directors||5,700||6.3%||-1.7%|
There was a 2% 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 Stockton-on-Tees is Health. Other major industries include Manufacturing, which represents over 10% of roles in Stockton-on-Tees.
Financial & Insurance companies make up 3% of the Stockton-on-Tees economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Stockton-on-Tees 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||8,000||9.4%|
The fastest-growing industry in Stockton-on-Tees is Mining, Quarrying & Utilities, with jobs in the sector increasing 39% between 2019 and 2020 from 900 to 1,250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Stockton-on-Tees between 2019 and 2020 was Property, which saw an 28% decrease in roles, going from 1,250 to 900. 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 Stockton-on-Tees, the number of roles in this sector has risen by 11% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 25 large businesses in Stockton-on-Tees, 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 125 medium-sized businesses based in Stockton-on-Tees, making up 2.2% 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 540 small businesses based in Stockton-on-Tees, making up 9.7% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Stockton-on-Tees's unemployment rate is 5.3% that's 0% 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 26.2% 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