Productivity by Industry

The data here pertains to the productivity levels of the various industry sections within the economy. Productivity is measured here as Gross Value Added (GVA) per Full Time Equivalent (FTE) job.

The bar chart above shows the respective productivity of each industry for Somerset, the Heart of the South West and Great Britain. Use the industry filter to select a particular industry. Right click anywhere on the chart to select and view the underlying data in table format.

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