Economy, jobs and prices in London, United Kingdom: official figures
Gross domestic product in London was £72,201 per resident in 2024 at current prices, the highest of 9 English regions and above the UK figure of £41,627.
Is the economy of London growing?
After removing inflation, output per head in London grew by 9.3% between 2014 and 2024, against 7.8% for England as a whole.
Source: Office for National Statistics · saved copyWhat is the average household income in London?
Households in London had £36,487 of disposable income per person in 2024 after taxes and benefits, 137.7% of the English average (£26,490) and the highest of 9 regions.
Source: Office for National Statistics · saved copyWhat is the average salary in London?
The median full-time and part-time employee living in London earned £767 a week before tax in April 2025 (ONS Annual Survey of Hours and Earnings), the highest of 9 regions; England's median was £648. Weekly pay has risen 45.4% since 2015.
Source: Office for National Statistics · saved copyWhat is the unemployment rate in London?
74.6% of people aged 16 to 64 in London were in work in 2023 (4th lowest of 9 regions), while the modelled unemployment rate was 5.0% (England: 76.0% and 3.7%).
Source: Office for National Statistics · saved copyHow productive is London?
Each hour worked in London produced £53.96 of gross value added in 2023, the most productive of 9 English regions (England £42.39).
Source: Office for National Statistics · saved copyHow many businesses are there in London?
London had 595,280 active businesses in 2024, 23.6% of England's total; new firms were 12.7% of the stock that year and 54.3% of businesses born in 2021 were still trading three years later.
Source: Office for National Statistics · saved copyHow much does London export?
Exports of goods and services from London were worth £254.9 billion in 2023, and foreign companies held £1,057.3 billion of direct investment there in 2024 (54.1% of England's inward FDI).
Source: Office for National Statistics · saved copyHow many jobs are there in London?
There were 1.06 jobs for every resident aged 16 to 64 in London in 2024 (England 0.86), and businesses spent £13,325 million on research and development there in 2024.
Source: Office for National Statistics · saved copyHow London compares with other region of Englands
GDP per head (current prices) (2024)
London ranks 1 of 9, highest first. The 9 regions of England only; Scotland, Wales and Northern Ireland are compared on their own pages.
| Rank | Region | GDP per head (current prices) |
|---|---|---|
| 1 | London | £72,201 |
| 2 | South East | £43,178 |
| 3 | South West | £37,769 |
| 4 | East of England | £36,942 |
| 5 | North West | £36,926 |
| 6 | Yorkshire and the Humber | £34,041 |
| 7 | West Midlands | £33,969 |
Gross median weekly pay, residents (2025)
London ranks 1 of 9, highest first. The 9 regions of England only; Scotland, Wales and Northern Ireland are compared on their own pages.
| Rank | Region | Gross median weekly pay, residents |
|---|---|---|
| 1 | London | £767 |
| 2 | South East | £678 |
| 3 | East of England | £671 |
| 4 | West Midlands | £620 |
| 5 | North West | £616 |
| 6 | South West | £614 |
| 7 | East Midlands | £606 |
Gross disposable household income per head (2024)
London ranks 1 of 9, highest first. The 9 regions of England only; Scotland, Wales and Northern Ireland are compared on their own pages.
| Rank | Region | Gross disposable household income per head |
|---|---|---|
| 1 | London | £36,487 |
| 2 | South East | £29,577 |
| 3 | East of England | £26,795 |
| 4 | South West | £25,924 |
| 5 | East Midlands | £22,761 |
| 6 | North West | £22,523 |
| 7 | West Midlands | £22,064 |
Employment rate, ages 16 to 64 (2023)
London ranks 6 of 9, highest first. The 9 regions of England only; Scotland, Wales and Northern Ireland are compared on their own pages.
| Rank | Region | Employment rate, ages 16 to 64 |
|---|---|---|
| 3 | East of England | 77.5% |
| 4 | East Midlands | 75.5% |
| 5 | West Midlands | 75.2% |
| 6 | London | 74.6% |
| 7 | Yorkshire and the Humber | 74.2% |
| 8 | North West | 73.8% |
| 9 | North East | 72.8% |
GDP per head (£, current prices) (2024)
London ranks 1 of 12, highest first.
| Rank | Region | GDP per head (£, current prices) |
|---|---|---|
| 1 | London | £72,201 |
| 2 | South East | £43,178 |
| 3 | Scotland | £39,441 |
| 4 | South West | £37,769 |
| 5 | East of England | £36,942 |
| 6 | North West | £36,926 |
| 7 | Northern Ireland | £35,108 |
Gross disposable household income per head (£) (2024)
London ranks 1 of 12, highest first.
| Rank | Region | Gross disposable household income per head (£) |
|---|---|---|
| 1 | London | £36,487 |
| 2 | South East | £29,577 |
| 3 | East of England | £26,795 |
| 4 | South West | £25,924 |
| 5 | Scotland | £24,283 |
| 6 | East Midlands | £22,761 |
| 7 | North West | £22,523 |
Median gross weekly pay of residents (£) (April 2025)
London ranks 1 of 12, highest first.
| Rank | Region | Median gross weekly pay of residents (£) |
|---|---|---|
| 1 | London | £767.4 |
| 2 | South East | £678.0 |
| 3 | East of England | £670.8 |
| 4 | Scotland | £642.9 |
| 5 | West Midlands | £619.7 |
| 6 | North West | £615.9 |
| 7 | South West | £613.6 |
Gross value added per hour worked (£) (2023)
London ranks 1 of 12, highest first.
| Rank | Region | Gross value added per hour worked (£) |
|---|---|---|
| 1 | London | £53.96 |
| 2 | South East | £45.22 |
| 3 | Scotland | £41.28 |
| 4 | East of England | £39.69 |
| 5 | North West | £39.31 |
| 6 | South West | £38.75 |
| 7 | Northern Ireland | £36.88 |
Employment rate, ages 16 to 64 (%) (2023)
London ranks 7 of 12, highest first.
| Rank | Region | Employment rate, ages 16 to 64 (%) |
|---|---|---|
| 4 | East Midlands | 75.5% |
| 5 | West Midlands | 75.2% |
| 6 | Scotland | 74.7% |
| 7 | London | 74.6% |
| 8 | Yorkshire and the Humber | 74.2% |
| 9 | Wales | 74.1% |
| 10 | North West | 73.8% |
More on London: overview · health · education and schools · poverty and living standards · government budget · government and politics · the United Kingdom
Sources
- Office for National Statistics: Explore Local Statistics: all datasets (116 indicators for UK local areas, regions and nations), spreadsheet generated 22 October 2026, read 23 October 2026 · saved copy (SHA-256 ae2f3a7b3960…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.