The Gross Domestic Product (GDP) in West Lindsey was worth an estimated £1.9 billion in 2019, according to figures published by the ONS. West Lindsey's GDP growth between 2018 and 2019 was 8.4% per year. Compare GDP by area.
The Manufacturing industry is the largest in West Lindsey based on the number of jobs, accounting for 11.4% of roles in the area.
2019 ONS figures suggest that there are 34,000 jobs in West Lindsey, which has a working-age (aged 16-65) population of 55,540. The 2019 job density in West Lindsey is 0.61, meaning there are 0.61 jobs per member of the West Lindsey working-age population.
West Lindsey had a mean average salary for full-time employees of £34,840 in 2021. West Lindsey's unemployment rate is 3.9% as of 2020. Compare unemployment rate by area.
The 2019 labour force or working-age population in West Lindsey is 55,540 or 57.7% of the total population.
In 2021, 96.1% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 11.4% are self-employed, and 88.6% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the West Lindsey working-age (aged 16-64) population who have a degree or higher is 31.1%, which is below the 42.8% degree qualification rate for England.
Over 56% of the West Lindsey working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
Main page: West Lindsey Salary
The average salary in West Lindsey as of 2021 is £34,840. Between 2020 and 2021, average salaries grew by £1,346. Compare average salaries by area.
West Lindsey's salary growth rate is 4.02% per year based on changes in average salary between 2020 and 2021, which is 4.02% higher than the average salary growth rate in West Lindsey over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in West Lindsey 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 Lindsey is Teaching And Educational Professionals, with roles increasing 76% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||4,100||12.4%||2.5%|
|Caring Personal Service Occupations||3,600||10.9%||-2.7%|
|Business & Public Service Assoc. Professionals||3,200||9.7%||6.7%|
There was a 5% increase 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 Lindsey is Manufacturing. Other major industries include Retail, Health, which represents over 10% of roles in West Lindsey.
Financial & Insurance companies make up 0% of the West Lindsey economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in West Lindsey are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Agriculture, Forestry & Fishing||3,000||9.8%|
The fastest-growing industry in West Lindsey is Retail, with jobs in the sector increasing 40% between 2019 and 2020 from 2,500 to 3,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in West Lindsey between 2019 and 2020 was Financial & insurance, which saw an 38% decrease in roles, going from 200 to 125. 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 Lindsey, the number of roles in this sector has risen by 11% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 5 large businesses in West Lindsey, making up 0.1% 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 West Lindsey, making up 1.6% 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 305 small businesses based in West Lindsey, making up 8.0% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
West Lindsey's unemployment rate is 3.9% 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 Long-term Sick, representing 33.7% of the unemployed population.
Secondary classifications include groups: student, 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