Area type
Non-metropolitan District
Population
93,966
GDP
£4.9 billion
Average salary
£42,704
Labour force
57,574
Job Density
0.94
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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 £4.9 billion in 2019, according to figures published by the ONS. Three Rivers's GDP growth between 2018 and 2019 was 1.9% per year. Compare GDP by area.
The Construction industry is the largest in Three Rivers based on the number of jobs, accounting for 14.2% of roles in the area.
2019 ONS figures suggest that there are 54,000 jobs in Three Rivers, which has a working-age (aged 16-65) population of 57,574. The 2019 job density in Three Rivers is 0.94, meaning there are 0.94 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 8.0% as of 2020. Compare unemployment rate by area.
The 2019 labour force or working-age population in Three Rivers is 57,574 or 61.3% of the total population.
In 2021, 92.0% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 17.8% are self-employed, and 82.3% are employees.
Three Rivers's working-age population ranks among the most educated in England.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Three Rivers working-age (aged 16-64) population who have a degree or higher is 62.3%, which is above the 42.8% degree qualification rate for England.
Over 77% of the Three Rivers working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
Qualifications classifications
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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 9 years.
Business data published by the ONS in 2020 show the most common job group in Three Rivers 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 Three Rivers is Administrative Occupations, with roles increasing 257% 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 | 5,000 | 11.9% | 257.1% |
| Science, Research, Engineering And Technology Profs | 4,800 | 11.4% | 23.1% |
| Health Professionals | 4,600 | 10.9% | -16.4% |
| Business & Public Service Assoc. Professionals | 3,600 | 8.6% | 56.5% |
| Corporate Managers And Directors | 3,500 | 8.3% | -48.5% |
There was a 7% 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 Three Rivers is Construction. Other major industries include Professional, Scientific & Technical, which represents over 10% of roles in Three Rivers.
Financial & Insurance companies make up 5% of the Three Rivers economy that's higher than the average for England as a whole (~3%).
6% 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 |
|---|---|---|
| Construction | 6,000 | 14.2% |
| Professional, Scientific & Technical | 6,000 | 14.2% |
| Business Administration & Support | 4,000 | 9.5% |
| Accommodation & Food Services | 3,500 | 8.3% |
| Education | 3,500 | 8.3% |
The fastest-growing industry in Three Rivers is Mining, Quarrying & Utilities, with jobs in the sector increasing 50% between 2019 and 2020 from 600 to 900. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Three Rivers between 2019 and 2020 was Financial & insurance, which saw an 20% decrease in roles, going from 2,500 to 2,000. 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 Three Rivers, the number of roles in this sector has fallen by 17% over the past year, below the 1% annual increase seen in England.
Three Rivers Demographics
Three Rivers Crime
Rental Market of Three Rivers
2021 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 55 medium-sized businesses based in Three Rivers, making up 1.0% 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 340 small businesses based in Three Rivers, making up 6.3% 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 8.0% 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 Student, representing 44.9% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, retired, 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