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Economic Data
Below is a table of key economic indicators comparing Somerset with the corresponding regional and national levels.
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Indicator
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Somerset
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South West
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National
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| Business Growth1 |
9.02%
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11.41%
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7.06% (UK)
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| Deprivation2 |
4.30% (IMD2007)
4.00% (IMD2004)
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9.30% (IMD2007)
8.60% (IMD2004)
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19.90% (IMD2007)
20.00% (IMD2004)
(Eng)
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| Earnings3 |
£25,118
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£27,046
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£29,999 (UK)
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| House Prices4 |
£230,558
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£240,359
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£214,799 (Eng)
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| Productivity5 |
£14,826 [p]
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£16,688 [p]
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£18,278 (Eng) [p]
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Unemployment6
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1.1%
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1.2%
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2.1% (Eng)
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Additional Notes:
| 1 |
Growth in stock of VAT registered businesses between 2000-2006 (source: NOMIS Jan 2008) |
| 2 |
Percentage of Lower Super Output Areas (LSOAs) within the most deprived (ranked) 20% of all LSOAs for that area. Data source: Index of Multiple Deprivation IMD 2004 & IMD 2007(source: DCLG January 2008). |
| 3 |
Gross annual earnings for full time workers (workplace analysis) for 2007 (source: Annual Survey of Hours and Earnings, NOMIS Jan 2008) |
| 4 |
Average residential property price, all types, Jul - Sep 2007. (Source: Land Registry Jan 08) |
| 5 |
Gross value added per head in 2004 (source: ONS [GVA Tables] Jan 2008) |
| 6 |
Claimant count as proportion of working age population for Nov 2007 (source: NOMIS Jan 2009) |
[p] - provisional data
NB. Table last updated 11th January 2008.
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* Upon opening this Excel file you may be requested to 'enable macros' (a set of instructions used to perform data analyses in MS Excel). You should only ever enable macros in documents that come from a trusted source. Somerset County Council takes every care to ensure that all of its documents are not harmful to your computer. Whilst the risks to your computer are minimal, Somerset County Council cannot accept responsibility for any damage that may occur as a result of use. It should be noted that this spreadsheet will not function correctly if macros are disabled.
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