The Gross Domestic Product (GDP) in Wealden was worth an estimated £3 billion in 2020, according to figures published by the ONS. Wealden's GDP growth between 2019 and 2020 was -6.0% per year. Compare GDP by area.
The Health industry is the largest in Wealden based on the number of jobs, accounting for 12.9% of roles in the area.
2020 ONS figures suggest that there are 63,000 jobs in Wealden, which has a working-age (aged 16-65) population of 93,227. The 2020 job density in Wealden is 0.68, meaning there are 0.68 jobs per member of the Wealden working-age population.
Wealden had a mean average salary for full-time employees of £33,775 in 2022. Wealden's unemployment rate is 4.7% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Wealden is 93,227 or 58.0% of the total population.
In 2022, 95.3% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 15.7% are self-employed, and 84.3% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Wealden working-age (aged 16-64) population who have a degree or higher is 39.0%, which is below the 42.8% degree qualification rate for England.
Over 63% of the Wealden working-age population have at least 2 A-levels (or equivalent), and 2% have no qualifications.
Main page: Wealden Salary
The average salary in Wealden as of 2022 is £33,775. Between 2021 and 2022, average salaries grew by £817. Compare average salaries by area.
Wealden's salary growth rate is 2.48% per year based on changes in average salary between 2021 and 2022, which is 2.48% higher than the average salary growth rate in Wealden over the past 9 years.
Business data published by the ONS in 2021 show the most common job group in Wealden is Corporate Managers And Directors, accounting for 11% 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 Wealden is Health & Social Care Assoc. Professionals, with roles increasing 308% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||8,600||11.2%||16.2%|
|Business & Public Service Assoc. Professionals||6,300||8.2%||18.9%|
|Skilled Metal, Electrical And Electronic Trades||5,900||7.7%||84.4%|
|Business, Media And Public Service Professionals||5,500||7.2%||41.0%|
There was a 4% 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 Wealden is Health.
Financial & Insurance companies make up 1% of the Wealden economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Wealden are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Accommodation & Food Services||4,500||8.3%|
|Professional, Scientific & Technical||4,500||8.3%|
The fastest-growing industry in Wealden is Transport & Storage, with jobs in the sector increasing 100% between 2020 and 2021 from 1,000 to 2,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Wealden between 2020 and 2021 was Financial & insurance, which saw an 25% decrease in roles, going from 800 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 Wealden, the number of roles in this sector has fallen by 13% over the past year, below the 1% annual increase seen in England.
Rental Market of Wealden
2022 UK Business Count data published by the ONS show there are 15 large businesses in Wealden, making up 0.2% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 85 medium-sized businesses based in Wealden, 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 610 small businesses based in Wealden, making up 7.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Wealden's unemployment rate is 4.7% that's 0% 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 34.3% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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