The Gross Domestic Product (GDP) in West Lancashire was worth an estimated £3 billion in 2019, according to figures published by the ONS. West Lancashire's GDP growth between 2018 and 2019 was 3.0% per year. Compare GDP by area.
The Manufacturing industry is the largest in West Lancashire based on the number of jobs, accounting for 16.2% of roles in the area.
2019 ONS figures suggest that there are 57,000 jobs in West Lancashire, which has a working-age (aged 16-65) population of 69,234. The 2019 job density in West Lancashire is 0.82, meaning there are 0.82 jobs per member of the West Lancashire working-age population.
West Lancashire had a mean average salary for full-time employees of £33,960 in 2021. West Lancashire's unemployment rate is 5.5% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in West Lancashire is 69,234 or 60.5% of the total population.
In 2021, 94.5% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 20.9% are self-employed, and 79.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the West Lancashire working-age (aged 16-64) population who have a degree or higher is 31.3%, which is below the 42.8% degree qualification rate for England.
Over 50% of the West Lancashire working-age population have at least 2 A-levels (or equivalent), and 14% have no qualifications.
Main page: West Lancashire Salary
The average salary in West Lancashire as of 2021 is £33,960. Between 2020 and 2021, average salaries fell by £365. Compare average salaries by area.
West Lancashire's salary growth rate is -1.06% per year based on changes in average salary between 2020 and 2021, which is 1.06% lower than the average salary growth rate in West Lancashire over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in West Lancashire is Corporate Managers And Directors, 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 West Lancashire is Transport & Mobile Machine Drivers/operatives, with roles increasing 65% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||6,000||12.3%||-16.7%|
|Transport & Mobile Machine Drivers/operatives||5,600||11.5%||64.7%|
|Elementary Administration & Service Occs||4,300||8.8%||13.2%|
|Business & Public Service Assoc. Professionals||4,000||8.2%||5.3%|
|Business, Media And Public Service Professionals||3,300||6.8%|
There was a 3% 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 West Lancashire is Manufacturing. Other major industries include Accommodation & Food Services, Health, which represents over 10% of roles in West Lancashire.
Financial & Insurance companies make up 2% of the West Lancashire economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in West Lancashire 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||5,000||10.1%|
The fastest-growing industry in West Lancashire is Information & Communication, with jobs in the sector increasing 14% between 2019 and 2020 from 700 to 800. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in West Lancashire between 2019 and 2020 was Financial & insurance, which saw an 20% decrease in roles, going from 1,000 to 800. 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 West Lancashire, the number of roles in this sector has risen by 14% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 20 large businesses in West Lancashire, 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 85 medium-sized businesses based in West Lancashire, making up 1.9% 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 450 small businesses based in West Lancashire, making up 10.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
West Lancashire's unemployment rate is 5.5% 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 Looking After Family, representing 26.9% of the unemployed population.
Secondary classifications include groups: student, 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