Area type
Non-metropolitan District
Population
93,952
GDP
£4.8 billion
Average salary
£42,704
Labour force
59,467
Job Density
0.87
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Three Rivers's economy ranks among the most prosperous in England.
The Gross Domestic Product (GDP) in Three Rivers was worth an estimated £4.8 billion in 2020, according to figures published by the ONS. Three Rivers's GDP growth between 2019 and 2020 was -1.6% per year. Compare GDP by area.
The Professional, Scientific & Technical Service (e.g. legal, accounting) industry is the largest in Three Rivers based on the number of jobs, accounting for 14.1% of roles in the area.
2020 ONS figures suggest that there are 50,000 jobs in Three Rivers, which has a working-age (aged 16-65) population of 59,467. The 2020 job density in Three Rivers is 0.84, meaning there are 0.84 jobs per member of the Three Rivers working-age population.
Three Rivers had a mean average salary for full-time employees of £42,704 in 2021. Three Rivers's unemployment rate is 3.8% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Three Rivers is 59,467 or 63.3% of the total population.
In 2022, 96.2% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 16.5% are self-employed, and 83.5% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Three Rivers working-age (aged 16-64) population who have a degree or higher is 45.3%, which is above the 42.8% degree qualification rate for England.
Over 64% of the Three Rivers working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Qualifications classifications
Main page: Three Rivers Salary
The average salary in Three Rivers as of 2021 is £42,704. Between 2020 and 2021, average salaries grew by £4,304. Compare average salaries by area.
Three Rivers's salary growth rate is 11.21% per year based on changes in average salary between 2020 and 2021, which is 11.21% higher than the average salary growth rate in Three Rivers over the past 8 years.
Business data published by the ONS in 2021 show the most common job group in Three Rivers is Business, Media And Public Service Professionals, accounting for 16% 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 Three Rivers is Skilled Construction And Building Trades, with roles increasing 160% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
|---|---|---|---|
| Business, Media And Public Service Professionals | 6,700 | 15.7% | 123.3% |
| Science, Research, Engineering And Technology Profs | 6,200 | 14.6% | 29.2% |
| Administrative Occupations | 5,300 | 12.4% | 6.0% |
| Corporate Managers And Directors | 3,500 | 8.2% | 0.0% |
| Health Professionals | 3,300 | 7.7% | -28.3% |
There was a 1% 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 Three Rivers is Professional, Scientific & Technical Service (e.g. legal, accounting). Other major industries include Construction, Education, which represents over 10% of roles in Three Rivers.
Financial & Insurance companies make up 4% of the Three Rivers economy that's higher than the average for England as a whole (~3%).
8% of the total jobs in Three Rivers are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
Industry | Number | Percentage |
|---|---|---|
| Professional, Scientific & Technical | 6,000 | 14.1% |
| Construction | 5,000 | 11.7% |
| Education | 4,500 | 10.6% |
| Business Administration & Support Services | 4,000 | 9.4% |
| Information & Communication | 3,500 | 8.2% |
The fastest-growing industry in Three Rivers is Information & Communication, with jobs in the sector increasing 40% between 2020 and 2021 from 2,500 to 3,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Three Rivers between 2020 and 2021 was Mining, quarrying & utilities, which saw an 33% decrease in roles, going from 900 to 600. 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 Three Rivers, the number of roles in this sector has risen by 40% over the past year, above the 1% annual increase seen in England.
Three Rivers Demographics
Three Rivers Crime
Rental Market of Three Rivers
2022 UK Business Count data published by the ONS show there are 25 large businesses in Three Rivers, 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 60 medium-sized businesses based in Three Rivers, making up 1.1% 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 365 small businesses based in Three Rivers, making up 6.8% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Three Rivers's unemployment rate is 3.8% 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 44.5% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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