Economy Birmingham

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colmore row, @ heart of birmingham s business district, traditionally prestigious business address in city.


birmingham grew prominence manufacturing , engineering centre, economy today dominated service sector, in 2012 accounted 88% of city s employment. birmingham largest centre in great britain employment in public administration, education , health; , after leeds second largest centre outside london employment in financial , other business services. ranked beta- world city globalization , world cities research network, third highest ranking in country after london , manchester, , wider metropolitan economy second-largest in united kingdom gdp of $121.1bn (2014 est., ppp). major companies headquartered in birmingham include engineering company imi plc, , including wider metropolitan area city has largest concentration of major companies outside london , south east. major facilities such national exhibition centre , international convention centre birmingham attracts 42% of uk s total conference , exhibition trade.



the jaguar f-type, made jaguar land rover @ castle bromwich assembly


manufacturing accounted 8% of employment within birmingham in 2012, figure beneath average uk whole. major industrial plants within city include jaguar land rover in castle bromwich , cadbury in bournville, large local producers supporting supply chain of precision-based small manufacturers , craft industries. more traditional industries remain: 40% of jewellery made in uk still produced 300 independent manufacturers of city s jewellery quarter, continuing trade first recorded in birmingham in 1308.



birmingham s gva £24.8bn (2015 est.,), economic growth accelerated each successive year between 2013 , 2015, , annual growth of 4.2% in 2015, gva per head grew @ second fastest rate of england s 8 core cities . value of manufacturing output in city declined 21% in real terms between 1997 , 2010, value of financial , insurance activities more doubled. 16,281 start-ups registered during 2013 birmingham has highest level of entrepreneurial activity outside london, while number of registered businesses in city grew 8.1% during 2016. birmingham behind london , edinburgh private sector job creation between 2010 , 2013.


economic inequality within birmingham greater in other major english city, , exceeded glasgow in united kingdom. levels of unemployment among highest in country, 10.0% of economically active population unemployed (jun 2016). in inner-city wards of aston , washwood heath, figure higher 30%. two-fifths of birmingham s population live in areas classified in 10% deprived parts of england, , overall birmingham deprived local authority in england in terms of income , employment deprivation. city s infant mortality rate high, around 60% worse national average. meanwhile, 49% of women have jobs, compared 65% nationally, , 28% of working-age population in birmingham have degree level qualifications in contrast average of 34% across other core cities.


according 2014 mercer quality of living survey, birmingham placed 51st in world in, second highest rating in uk. improvement on city s 56th place in 2008. big city plan aims move city index s top 20 2026. area of city has been designated enterprise zone, tax relief , simplified planning lure investment.








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