About the data
In Somerset, as is the case nationally, the enormous value represented by Real Estate Activities vis-à-vis their contribution to employment means that productivity is far higher in this industry than any other. In 2020 it stood at just over £452,000, slightly below the national average of £514,000.
The second most productive industry in Somerset, and still by a significant margin over all other industries, was Mining & quarrying. GVA per FTE in this industry was just over £227,000, higher than the national average of £51,000.
One of the largest, single-industry disparities in productivity figures between Somerset and Great Britain is for Financial and Insurance Activities, where GVA per FTE values were approximately £76,000 and £150,000 respectively.
The least productive industry in 2020 was Accommodation & food service activities, with a GVA per FTE value of just £16,857, closely followed by the Arts, entertainment & recreation with £19,756 (GVA per FTE) the downturn resulting from coronavirus (COVID-19) restrictions.
Source: Economic Model for Somerset and the Heart of the South West (HotSW) Local Enterprise Partnership, 2022