Economy and Industry
This is a chart of trend of regional gross value added of Northumberland at current basic prices published (pp. 240–253) by Office for National Statistics with figures in millions of British Pounds Sterling.
| Year | Regional Gross Value Added | Agriculture | Industry | Services |
|---|---|---|---|---|
| 1995 | 2,585 | 130 | 943 | 1,512 |
| 2000 | 2,773 | 108 | 831 | 1,833 |
| 2003 | 3,470 | 109 | 868 | 2,494 |
Northumberland has a relatively weak economy amongst the counties and other local government areas of the United Kingdom. The county is ranked sixth lowest amongst these 63 council areas. In 2003 23% of males and 60% of females were earning less than the Council of Europe's decency threshold. As of May 2005 unemployment is at 2.3%, in line with the national average. Between 1999 and 2003 businesses in the county grew 4.4% to 8,225, making 0.45% of registered businesses in Great Britain.
A major source of employment and income in the county is tourism. The county annually receives 1.1 million British visitors and 50,000 foreign tourists who spend a total of £162million in the county.
Read more about this topic: Northumberland
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