The Gross Domestic Product (GDP) in Wokingham was worth an estimated £8.4 billion in 2019, according to figures published by the ONS. Wokingham's GDP growth between 2018 and 2019 was 10.5% per year. Compare GDP by area.
The Information & communication industry is the largest in Wokingham based on the number of jobs, accounting for 15.0% of roles in the area.
2019 ONS figures suggest that there are 99,000 jobs in Wokingham, which has a working-age (aged 16-65) population of 106,399. The 2019 job density in Wokingham is 0.93, meaning there are 0.93 jobs per member of the Wokingham working-age population.
Wokingham had a mean average salary for full-time employees of £48,186 in 2021. Wokingham's unemployment rate is 5.2% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Wokingham is 106,399 or 61.2% of the total population.
In 2021, 94.8% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 13.8% are self-employed, and 86.2% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Wokingham working-age (aged 16-64) population who have a degree or higher is 53.1%, which is above the 42.8% degree qualification rate for England.
Over 68% of the Wokingham working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
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Main page: Wokingham Salary
The average salary in Wokingham as of 2021 is £48,186. Between 2020 and 2021, average salaries fell by £2,350. Compare average salaries by area.
Wokingham's salary growth rate is -4.65% per year based on changes in average salary between 2020 and 2021, which is 4.65% lower than the average salary growth rate in Wokingham over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Wokingham is Science, Research, Engineering And Technology Profs, accounting for 13% 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 Wokingham is Textiles, Printing And Other Skilled Trades, with roles increasing 167% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Science, Research, Engineering And Technology Profs||10,200||12.8%||-2.9%|
|Corporate Managers And Directors||10,000||12.5%||7.5%|
|Business & Public Service Assoc. Professionals||9,800||12.3%||15.3%|
|Business, Media And Public Service Professionals||6,500||8.1%||12.1%|
|Teaching And Educational Professionals||6,100||7.6%||-17.6%|
There was a 5% 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 Wokingham is Information & communication. Other major industries include Professional, Scientific & Technical, Education, which represents over 10% of roles in Wokingham.
Financial & Insurance companies make up 1% of the Wokingham economy that's lower than the average for England as a whole (~3%).
15% of the total jobs in Wokingham are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Information & Communication||13,000||15.0%|
|Professional, Scientific & Technical||13,000||15.0%|
|Business Administration & Support||8,000||9.2%|
The fastest-growing industry in Wokingham is Financial & Insurance, with jobs in the sector increasing 25% between 2019 and 2020 from 800 to 1,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Wokingham between 2019 and 2020 was Motor trades, which saw an 28% decrease in roles, going from 1,250 to 900. 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 Wokingham, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 55 large businesses in Wokingham, making up 0.6% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 125 medium-sized businesses based in Wokingham, making up 1.4% 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 605 small businesses based in Wokingham, 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.
Wokingham's unemployment rate is 5.2% 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 Student, representing 38.1% of the unemployed population.
Secondary classifications include groups: looking after family, 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 2021. Data sources: ONS Local statistics