The Gross Domestic Product (GDP) in Stockton-on-Tees was worth an estimated £5.6 billion in 2020, according to figures published by the ONS. Stockton-on-Tees's GDP growth between 2019 and 2020 was -1.8% per year. Compare GDP by area.
The Manufacturing industry is the largest in Stockton-on-Tees based on the number of jobs, accounting for 11.5% of roles in the area.
2020 ONS figures suggest that there are 97,000 jobs in Stockton-on-Tees, which has a working-age (aged 16-65) population of 123,473. The 2020 job density in Stockton-on-Tees is 0.79, meaning there are 0.79 jobs per member of the Stockton-on-Tees working-age population.
Stockton-on-Tees had a mean average salary for full-time employees of £35,120 in 2022. Stockton-on-Tees's unemployment rate is 6.5% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Stockton-on-Tees is 123,473 or 62.7% of the total population.
In 2022, 93.5% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 12.7% are self-employed, and 87.3% are employees.
The Annual Population Survey for 2021 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 35.8%, which is below the 42.8% degree qualification rate for England.
Over 59% of the Stockton-on-Tees working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
Main page: Stockton-on-Tees Salary
The average salary in Stockton-on-Tees as of 2022 is £35,120. Between 2021 and 2022, average salaries grew by £2,037. Compare average salaries by area.
Stockton-on-Tees's salary growth rate is 6.16% per year based on changes in average salary between 2021 and 2022, which is 6.16% higher than the average salary growth rate in Stockton-on-Tees over the past 9 years.
Business data published by the ONS in 2021 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 Leisure, Travel And Related Personal Service Occs, with roles increasing 90% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||7,900||9.1%||-2.5%|
|Caring Personal Service Occupations||6,800||7.8%||4.6%|
|Business & Public Service Assoc. Professionals||5,400||6.2%||12.5%|
|Customer Service Occupations||5,200||6.0%||67.7%|
There was a 2% increase in roles between 2020 and 2021. In England as a whole, there was a 3% decrease.
Based on the total number of jobs, the largest industry in Stockton-on-Tees is Manufacturing. Other major industries include Retail, Health, 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.
|Professional, Scientific & Technical||8,000||9.2%|
|Accommodation & Food Services||7,000||8.1%|
The fastest-growing industry in Stockton-on-Tees is Professional, Scientific & Technical, with jobs in the sector increasing 33% between 2020 and 2021 from 6,000 to 8,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Stockton-on-Tees between 2020 and 2021 was Health, which saw an 25% decrease in roles, going from 12,000 to 9,000. 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 Stockton-on-Tees, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.
Rental Market of Stockton-on-Tees
2022 UK Business Count data published by the ONS show there are 20 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 120 medium-sized businesses based in Stockton-on-Tees, making up 2.1% 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 555 small businesses based in Stockton-on-Tees, making up 9.9% 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 6.5% 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 33.5% 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 2022. Data sources: ONS Local statistics