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Hampshire Facts + Figures April 2020

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Hampshire Facts + Figures April 2020 Hampshire Facts + Figures April 2020 hants.gov.uk Economy + Infrastructure Hampshire County Council is responsible for: ay tw oo miles of f 150,000 4,300 streetlights and illuminated signs 5,500 miles of carriageway Every day in Hampshire: 450,000 people drive to work are made on roads, cycleways and footways 96% of journeys 4% of journeys are made by train Tourists spend £7.5 million car miles are driven in the county Every year in Hampshire: Tourism generates £3.3 billion to the Hampshire economy million2.2 tonnes of sand and gravel are produced EI-1 All figures correct as of 2019 unless otherwise specified. Economy + Infrastructure Hampshire’s economy is worth £38.1 billion and contributes 14% to the South East’s economy. This rises to £50.7 billion and 19% when Southampton and Portsmouth are included1. Gross Value Added (GVA) per head of population - a measure of prosperity - is £28,000, more than 1.4% higher than the UK average. The chart shows GVA by sector. The highest contributing sectors were real estate; public admin, education and health; and wholesale and retail. Gross Value Added by sector (in £ billions) Real Estate 5.6 Public Admin, Education + Health 5.1 Wholesale + Retail 4.9 Manufacturing 3.5 Information + Communications 3.3 Professional services 3.0 Construction 3.0 Business Admin + Support 2.1 Financial + Insurance 1.8 Other services 1.6 Primary + Utilities 1.4 Transport + Storage 1.1 Accomodation + Food services 1.0 Business and employees • There are 72,500 businesses in Hampshire, of which 85% are micro-businesses employing fewer than 10 employees • There are 607,000 people employed by businesses in Hampshire 1 All statistics on economy provided by the County Council’s Economic and Business Intelligence Service 2019, unless otherwise specified. Hampshire Facts + Figures EI-2 Economy + Infrastructure Labour market statistics2 • Hampshire has an 80.4% employment rate, above the rate for England (75.8%) • 2.7% of residents are unemployed, lower than the rate for England (4.0%) • Hampshire has a 17.3% economic inactivity rate, lower than the rate for England (20.9%). Almost half of inactive residents in Hampshire (aged 16-64) are full time students or looking after the family/home • Of those in employment, 70.2% work for businesses which is above the average for England (64.6%); 10% are self-employed which is in-line with the average for England (10.9) • 33% of Hampshire residents work part-time, roughly in line with the average for England (32.1%) • Benefit claimant count as a proportion of the resident population for Hampshire is 1.4% compared to 2.8% across England Relative deprivation3 • Hampshire is the 16th least deprived out of 152 Upper Tier Local Authorities (county councils, metropolitan counties, inner and outer London and unitary authorities) in England. The Hampshire district of Hart is the least deprived district in England • Hampshire has 40 neighbourhoods (out of 1,005 neighbourhoods in total) that are in the 20% most deprived areas in England 2 Nomis Official Labour Market Statistics, ONS 2018/19. 3 Indices of Multiple Deprivation, Ministry of Housing, Communities and Local Government 2019. Hampshire Facts + Figures EI-3 Economy + Infrastructure Tourism & rural economy • Tourism provides 89,000 jobs (including Southampton and Portsmouth) • The rural economy is worth an estimated £8.3 billion, or 17% of the overall Hampshire economy, with the agricultural industry worth £0.3 billion Broadband • The County Council is investing a combined total of 28.4m of public funds to increase coverage of superfast broadband from 80%4 to more than 97% of premises across Hampshire • So far the Hampshire Superfast Broadband Programme has reached 96.1% coverage • There are now over 10,000 gigabit-capable full fibre connections in Hampshire Housing In 2017/18 there were 6,047 net dwelling completions. Almost +16% 2018/19 saw an increase to 6,997 net dwelling completions, 2017/18 +6,997 2018/19 an almost 16% increase on the previous year’s figures5. 4 Superfast broadband is defined as having internet access of at least 30Mbps. 5 Hampshire County Council Spatial Policy, Strategy and Research. Hampshire Facts + Figures EI-4 Economy + Infrastructure Affordability of housing Housing affordability is calculated by dividing average house prices in Hampshire by average earnings – a large housing affordability ratio means that it is less affordable, whereas a smaller ratio means it is more affordable. Hampshire is currently less affordable than England as whole, with the average house price in Hampshire being 9.25 times the average Hampshire salary in 2018, compared with 7.05 times the average salary for England overall.6 Affordability of housing Hampshire England 9.05 9.24 9.25 7.98 8.31 6.70 6.86 6.91 7.02 7.05 2014 2015 2016 2017 2018 2018 breakdown Area Affordability Ratio Average house price Average earnings Hampshire 9.25 301,000 32,500 England 7.05 230,000 29,869 6 Office for National Statistics House Price (existing dwellings) to residence-based earning ratio, March 2019. Hampshire Facts + Figures EI-5 Economy + Infrastructure.
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