Liverpool boasts one of the country’s fastest growing regional economies, growing at a rate of 3.1% in 2015. The city’s economy is now worth £29.5bn to the British economy. Employment reached 235,700 in 2014. Plus, long-term employment growth is strong. In fact, it stands at slightly over the national average between 1998 and 2014.
The 2011 Census cited the most populated local industries as health—with 16.7% of local employment. In addition, there’s education (15.9%) and retail (15.3%). The largest employment increases since 2009 have been seen in the sectors of scientific research and development, wholesale trade, administration and other professional and technical activities.
Tourism also plays a large part in the local economy. In fact, with 57 million visitors in 2012, tourism supports approximately 45,900 jobs. Tourists flock to locations such as the Cavern Club, Strawberry Field and Penny Lane, all made famous by The Beatles. There’s estimates that The Beatles add £82 million a year to the city’s economy.
The city’s 50,000-strong student population is another boost to the economy. Plus, the three big universities here (Liverpool University, Liverpool John Moores University and Liverpool Hope University) provide thousands of jobs and host academic research centres. The Royal Liverpool and Alder Hey hospitals also host clinical research units.
Employers to note
Liverpool is home to the headquarters of a number of large companies. In fact, this includes global business group and shipping company Bibby Line, discount retailer TJ Morris (owner of Home Bargains) and food and drink brand, Princes.
What’s more, other large companies with a major presence in Liverpool include international food brand, John West. Alongside this, there’s Marketing and PR company, Ampersand Communications, sports betting organisation Stanleybet International, Cains Brewery and Sayers bakery.
The Liverpool ONE leisure complex development is one of the largest retail developments in the country, with over 150 stores providing thousands of jobs.
The universities, hospitals and Liverpool and Everton football clubs are also big employers in the area.
Did you know?
The city’s diverse architecture has attracted many filmmakers, using its streets to provide a convincing backdrop to movies set in New York, Chicago or Boston. Big movies filmed here include Harry Potter and the Deathly Hallows, The Fast and The Furious 6, Sherlock Holmes and Captain America.
More artists claiming a number one hit hail from Liverpool than any other city in the world. This has earned the city the title of World Capital of Pop in the Guinness Book of Records.
The city’s famous waterfront is a World Heritage site, alongside other famous international attractions including The Great Wall of China and the Taj Mahal.
The world’s first passenger railway line was built connecting Liverpool and Manchester in 1830.
Liverpool holds the title of most successful footballing city in England. The Premiership teams Liverpool and Everton hold between them 27 League titles, three UEFA Cups, four European Cups, 11 FA Cups, six League Cups and one Cup Winners Cup.